This paper introduces, discuss and analyzes the book "The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance," by Edwin P. Hoyt, Jr.
Written in 2002; 1,758 words; 2 sources; MLA; $ 56.95
Paper Summary:
The writer discusses the three most significant things aspects in this book,which stand out as Miles Morgan and his immigration to America, Junius Spencer Morgan and his rise in financial banking, leaving his legacy to his son, J. Pierpont Morgan, and finally, the railroad in America, which neatly cemented the family's success and rise to domination of American and worldwide finance and investment.
From the Paper:
""The House of Morgan" tells the story of the Morgan family, one of the wealthiest families in American history. Their history in the United States began in the early 1600s, when Miles Morgan immigrated to America from Wales, and settled in the small town of Springfield, Massachusetts. His ancestors would eventually found the venerable J.P. Morgan and Company, and literally create the modern American banking and finance systems. Today, Morgan is still a name to be reckoned with in securities, banking, and investing. The Chase Manhattan Bank purchased J.P. Morgan in the year 2000 for $36 million dollars, but Morgan Stanley continues to be one of the most recognized and prestigious investment companies in the country today, and the Chase alliance created J.P. Morgan Chase, another powerful and influential worldwide banking company (Milestones)."
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