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Jean Strouse

Morgan: American Financier Paperback – March 22, 2000

by Jean Strouse (Author)

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History has remembered J. Pierpont Morgan as a complex and contradictory figure, part robber baron and part patron saint. Now this magisterial biography, based extensively on new material, draws a definitive, full-scale portrait of Morgan's tumultuous life both in and out of the public eye.Morgan earned his reputation as "the Napoleon of Wall Street" by reorganizing the nation's railroads and creating some of its greatest industrial trusts, including General Electric and U.S. Steel. At a time when the United States had no Federal Reserve System, he appointed himself a one-man central bank. He had two wives, three yachts, four children, six houses, mistresses, and one of the finest art collections in America. In this extraordinary book, award-winning biographer Jean Strouse vividly portrays the financial colossus, the avid patron of the arts, and the entirely human character behind all the myths.

Brilliantly crafted, epic in scope, Morgan reveals a man we have never seen before, offering new insights on the culture, political struggles, and social conflicts of America's Gilded Age.

Print length

848 pages
Language

English
Publisher

Harper Perennial
Publication date

March 22, 2000
Dimensions

5.31 x 1.36 x 8 inches
ISBN-10

0060955899
ISBN-13

978-0060955892
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Editorial Reviews

Review

"By uncovering the big-government impulses of capitalism's patron saint, Strouse gives us a generous sense of Morgan's contradictions. She peers thoughtfully behind the myth of an economic despot to discover a more nuanced figure." -- Fortune

"Enormously entertaining." -- -- New York Daily News

"Strouse is in full command of Pierpont Morgan's personal life, his financial operations, his collecting, and his benefactions, and presents a rich, vivid picture of the background against which they took place. She has written a magnificent biography, which illuminates her subject and his world." -- New York Review of Books

"Strouse. . .uses marvelous detail. . .to breathe life into a 19th century icon. And she makes plain and readable for the layman the. . . financial controversies of Morgan's day." -- USA Today

"The Morgan that Jean Strouse has brought to life in her masterful, long-awaited biography is deeply human, the most intricate and integrated portrait we have yet had. . . .her storytelling [has] the richness and penetration of a novel." -- New York Observer

"[A] brilliant new study of J.P. Morgan. . ." -- -- Times Literary Supplement

"[A] masterpiece. . . .No one else has told the story of Pierpont Morgan in the detail, depth and understanding of Jean Strouse, who spent nearly a decade searching for the living truth behind the mythology of Morganalia." -- Los Angeles Times Book Review

About the Author

Jean Strouse won the Bancroft Prize in American History and Diplomacy for her biography Alice James. She lives in New York City.

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Product details

Publisher ‏ : ‎ Harper Perennial; 1st Perennial ed edition (March 22, 2000)
Language ‏ : ‎ English
Paperback ‏ : ‎ 848 pages
ISBN-10 ‏ : ‎ 0060955899
ISBN-13 ‏ : ‎ 978-0060955892
Item Weight ‏ : ‎ 1.7 pounds
Dimensions ‏ : ‎ 5.31 x 1.36 x 8 inches

Best Sellers Rank: #3,036,488 in Books (See Top 100 in Books)
- #7,899 in Business Professional's Biographies
- #35,593 in United States Biographies

Customer Reviews:
132 ratings

Customer reviews

5 star		66%
4 star		23%
3 star		6%
2 star		4%
1 star		2%

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Top reviews from the United States

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Kathy Morley

This is the best biography I have read to date (and I read ...

Reviewed in the United States on March 11, 2017

Verified Purchase

This is the best biography I have read to date (and I read non-fiction more than anything else). You don't have to have a financial background to understand and enjoy this book. Amazingly well written. The subject of the book, J.P. Morgan, was a unique, complex and historically significant person and his complexities and contributions to American society on numerous fronts are beautifully documented in this book.

17 people found this helpful

Helpful

Drew Page

The first half of the book is actually very good. The way the book is advertised you would ...

Reviewed in the United States on February 20, 2018

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The first half of the book is actually very good. The way the book is advertised you would believe the whole book was like the first half: learning about how Morgan develops as a financial giant. But unfortunately, once JP Morgan's father dies in the book (it's not a spoiler alert; it's nonfiction people!), the book shifts to more of a view of Morgan as an art dealer, which makes no real sense. No one looks at Morgan as an art tycoon. Sure, it's interesting, but does the whole second half of the book need to focus on his art? And JP Morgan's death is almost glossed over, all while pinched between more art transactions. I don't know. It was a struggle to read after the first half in my opinion. It's like the author ran out of stuff to say about JP Morgan and overquoted people he had relationships with and art he acquired. First half great. Second half missed the mark.

6 people found this helpful

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Andrew

The Central Banker

Reviewed in the United States on July 4, 2014

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J. P. Morgan was probably the most famous banker in American history. Having lived through the period of history in which the United States had no kind of central bank, Morgan's enormous influence at times made him America's de facto central banker.

During his professional life, Morgan worked in the finances of several industries such as several railroads which were critical to transportation and commerce at the time. He was an early supporter of Thomas Edison and his efforts to make electricity mainstream. He organized U.S. Steel, one of the largest corporations in the United States at the time. Late in the nineteenth century, Morgan even helped organize a bailout of the federal government, the Treasury was running short on gold, that avoided a potential economic calamity.

While Morgan is most famous for his career in finance, he was also an art collector and spent millions in his life building up one of the finest collections in the United States.

Morgan sometimes had a troubled private life. His first wife died only a few months after the wedding. He suffered from bouts of depression throughout his life. Even while he was married to his second wife, Morgan saw no issue with pursuing other relationships despite his Christian beliefs.

Morgan saw no difference between what was best for him and Wall Street and what was best for the country at large. This principle seemed to direct him in his career.

I found this book to be a mostly interesting look at J. P. Morgan's life. My one problem with the book is that it really seems too long. I believe a skilled editor could have axed around 150 or so pages from this without really losing much. The author of the book too often delves into too much detail regarding everything Morgan did during his European vacations or lists of pieces of art he purchased which do not really add much to the book.

Overall, I found this to be an informative book about the life of J. P. Morgan.

9 people found this helpful

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B. Smith

Hero or villain

Reviewed in the United States on February 29, 2020

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In depth review of the life of JP Morgan and events in the late 19th and early 20th centuries, the Guilded Age. Morgan was a central figure in the U.S. economy during that period, before we had a Federal Reserve Bank. He was a hero or villain depending on your point of view. Book contains amazing detail taken from letters, diaries, and published memoirs. Well written.

One person found this helpful

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Amazon Customer

J. Pierpont Morgan; And not the man you have been told he was.

Reviewed in the United States on March 21, 2016

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Jean Strouse brings J. Pierpont Morgan alive like few can or have ever really tried to do. He is not the person he was made out to be. When he was called upon to take care of business , that is exactly what he did. As it was said about him, J.P. Morgan did not have the money every one thought he had, but he controlled the money everyone thought he had. He was the central bank when the U.S. did not have one. And frankly I think he did a far better job than the Central bank we have now. What he tried to do is help to make business run smoothly without interruption. That my friends is an almost impossible task. It is a great read on a very complex man, and also a very misunderstood man.

15 people found this helpful

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Robert V. Rose, retired education researcher

A nice view of this important historical figure.

Reviewed in the United States on October 1, 2014

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I read several other biographies of J.P. Morgan, and thought I knew just about all I wanted to about him.

Strouse obviously has great fondness for her subject, who has many admirers, and many detractors. (My German-born grandfather, around 1900, would greet fellow immigrants on his morning trolly ride with a "Wie geht's?" The answer often would be in English, "To hell with Morgan and Gates". ("bet-a million Gates was a notorious millionaire who once offered to bet $1,000,000 on which of two raindrops would reach the bottom of the window pain first).

But Morgan himself apparently always believed his motives to be virtuous rather than greedy.

I'm ready to leave it at that. Strouse certainly certifies many instances of his immense public spirit and patriotism.

10 people found this helpful

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Kindle Customer

A FASCINATING MAN

Reviewed in the United States on November 10, 2017

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I've enjoyed every page of this book. Since it was on my Kindle, I didn't know how long it was, and that is probably just as well. However, I don't regret for a minute buying this book. Morgan was a complicated, yet grounded, individual. I only wish I'd know him. It's a great book about which to learn the activities of that time in our history, as well. I've read a great deal about the movers and shakers of those times, and this is the best one!

2 people found this helpful

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Top reviews from other countries

lovemurakami

Monumental biography of a monumental man

Reviewed in the United Kingdom on May 12, 2011

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This is a monumental work on J P Morgan the much maligned New York banker who history has placed in our minds as one the men who were known as one of the 'Robber Baron's'. Jean Strouse has had access to private papers which the Morgan Library had in its' vaults, so the detail and information within this volume is vast.

For anyone interested in this period of history, or banking or in Morgan the man and art collector, this is the read for you. Weighty and scholarly would be my initial reaction to reading it. I found it fascinating, read it because I love the Morgan Library and wanted to know more. There is not alot out there on Morgan so give this one a go but set aside some time as there is an awful lot of detail within this in depth biography.

Amazon Customer

Five Stars

Reviewed in the United Kingdom on October 24, 2015

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Thank you

Rick LeMieux

Four Stars

Reviewed in Canada on April 28, 2018

Verified Purchase

Quite informative, lets the reader know how big business influenced the Stock Market and other companies.

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