1. The Three Most Significant Points from "The House of Morgan"
... support provided to its clients, and the anti-semitism of the House of Morgan. In modern financial institutions the granting of credit is a complex and specialized activity, for Pierpont and Jack Morgan credit was granted to a party not based on their ability to repay the loan but as Pierpont told the Pujo hearings in 1911, "(the) First thing is his character ... "; the House of Morgan took this code to the extreme. Although Chernow outlines a number of cases when the House of Morgan overstepped the bounds of reasonable behavior I shall use one sovereign and one individual example of the...
- Word Count: 1197
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate