The Morgans : private international bankers, 1854-1913

Vincent P. Carosso ; with the assistance of Rose C. Carosso

The House of Morgan was the personification of economic power and the symbol of capitalism in the late nineteenth and early twentieth centuries. Other entrepreneurs were wealthier -industrialists like Rockefeller, Carnegie, and Duke -but none was relied upon more by business and government or better known in the world of high finance. Vincent Carosso, using for the first time the large collections that constitute the Morgans' own business records, as well as other private papers and public archives, has constructed an in-depth account of the evolution, operations, and internal management of the Morgan banks at London, New York, Philadelphia, and Paris, from the time Junius Spencer Morgan left his Boston business to become a London banker to the death of his son and successor, John Pierpont Morgan. The new data throw light on the Morgans' business strategies, policies, and practices in financing such vast American enterprises as railroads, steel, farm equipment, communications, and the electrical industry. They also reveal the Morgan firms' dealings in the political arena in their role as financiers of the United States governmentMorgan banks funded the Civil War debt, met the Army payroll in 1877, stopped disastrous outflows of U.S. gold in 1894 and 1895, and acted as the country's central bank in the panic of 1907-and as bankers for Mexico, Argentina, and many other governments. This intricate and comprehensive history of the mechanisms of international finance, the waning of private banking houses and the evolution of commercial and investment banking, the risks and profits of high finance will interest historians of business, economics, the United States, and the modern world.

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  • Introduction The Legacy Part 1: Leadership in London, 1854-1890 1. New England Inheritance 2. George Peabody's Partner 3. Preparing for Leadership 4. New Houses Built on Old Foundations 5. Domestic and Foreign Private Banking: Functions and Organization 6. Bankers for the United States and Other Nations, 1870-1890 7. Railroad and Other Corporate Financings, 1870-1890 8. The First Watershed Part 2: New York's Ascendancy, 1890-1913 9. Gold for the United States Treasury: Morgan and American Government Finance in the 1890s 10. Railroad Reorganizer and Industrial Consolidator 11. Increased Strength Abroad: Financing Foreign Governments and Enterprises in the 1890s 12. J. P. Morgan and His Firms in the Early Twentieth Century 13. Preeminence in Corporate Finance 14. World Banker 15. Banker of Last Resort 16. Foreign Loans in the Postpanic Years 17. Domestic Finance, 1908-1913 18. Morgan on Trial Bibliographical Note Notes Index

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書名 The Morgans : private international bankers, 1854-1913
著作者等 Carosso, Rose C.
Carosso, Vincent P.
シリーズ名 Harvard studies in business history
出版元 Harvard University Press
刊行年月 1987
ページ数 xvi, 888 p., [12] p. of plates
大きさ 25 cm
ISBN 0674587294
NCID BA00534847
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言語 英語
出版国 アメリカ合衆国