The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Author: Ron Chernow

The House of Morgan by Ron Chernow is a monumental work of financial history, tracing the rise, transformation, and impact of one of the world’s most powerful banking dynasties. From its humble beginnings in 19th-century London and New York, the Morgan empire blossomed into a global financial titan, shaping the economies of nations and influencing the course of history.

Chernow delivers a richly detailed and accessible narrative that spans four generations—from patriarch George Peabody to J.P. Morgan and his successors—highlighting how the firm weathered market panics, political turmoil, wars, and economic revolutions. The book unveils the personalities behind the empire, explores its inner workings, and reveals how its decisions reverberated far beyond Wall Street.

Topics covered include:

The creation and consolidation of financial institutions

Morgan’s role in U.S. and global economic events, including crises and reforms

The transition from private banking power to modern, regulated finance

Complex relationships with governments, presidents, and regulators

The clash between old-money conservatism and evolving corporate culture

Awarded the National Book Award for Nonfiction, The House of Morgan is not just a history lesson—it’s a compelling story of ambition, influence, and the evolution of finance. Ideal for business historians, economics students, and anyone curious about how a single institution helped shape modern capitalism.