The House of Morgan
Ron Chernow’s *The House of Morgan* tells the sweeping, century-long story of the Morgan banking dynasty—from its origins in George Peabody’s 19th-century London bond business to its evolution into a global financial colossus. Follow Junius Morgan as he secured the firm’s place in London’s elite, then his son J.P. Morgan, who dominated Wall Street by consolidating railroads, rescuing the U.S. during the 1907 financial panic, and shaping American finance for decades. Explore the dynasty’s pivotal role in world wars, its clashes with antitrust regulators, and the 1935 split into J.P. Morgan & Co. and Morgan Stanley after the Glass-Steagall Act. Later chapters trace the post-war reinvention of both firms, their growing rivalry, and the decline of traditional gentleman banking amid modern financial upheaval. Chernow lays bare the family’s triumphs, controversies, and enduring impact on global capitalism.