... not a cent in the world" he was exaggerating. Building a financial house on such a weak credit process would be totally unacceptable in modern finance, and inevitably the House of Morgan made a number of poor investment decisions ranging from individuals such as the Van Sweringen brothers and Richard Whitney to sovereign lending with Japan, and Italy. However, what is more significant than the ... of credit or support. Chernow states that the "Gentleman's code (was) of absolute loyalty to one's client"; the House of Morgan took this code to the extreme. Although Chernow outlines a numbe...

• Word Count: 1197
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate