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The House of Morgan - Ron Chernow


boilermaker75

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  • 4 years later...

Based on an exchange about the book between Mike [ @boilermaker75 ] and @Xerxes in a topic that I intercepted by reading CoBF, I ordered the book on 15th October 2024, and it arrived at my place here in Denmark this morning.

 

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This edition is the '20th Anniversary Edition' a with a new foreword by Ron Chernow dated September 2009. [Imagine a better point in time to release a new edition?!]. For me, only available as a paperback, at a price of DKK 199.00, which I really consider ridicously cheap for a brick like this of 811 pages including indicies.

 

By trading through the Danish Internet bookstore saxo.com I pay no p&p, because of a subscription/ membership that cost me DKK 79.00 monthly. I have never experienced a book to never arrive, which has happened from time to time earlier with i.e. Amazon and others.

 

The history of Banking in the United States is an aweome one, and its history is actually in a way a mirror of the development and evolution of USA since banking took its beginning to what USA has evolved to be today. So I'm really looking forward to chew my way through this one during the coming winther.

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I read a couple of books on JP Morgan, this is the better one, if I recall correctly.  There is also an interesting book about his mentor, Drexel, called the Man Who Made Wall Street. There isn't a lot of info on Drexel (other than the university that bears his name, and the trading house tarnished by association with Milken) because he wanted his personal papers destroyed after his death. In that book, however, they mentioned some other books incorrectly describing some animosity between Morgan and Drexel. If you come across it, the author mentions that Morgan didn't along with the other Drexel (his brother?), but he liked and respected Anthony Drexel.

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