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Description

That John Pierpont Morgan built his family fortune into a colossal financial and industrial empire is beyond doubt. His ascent to power and use (or abuse) of it, however, has been for many years a subject of outspoken controversy. In 1901 Morgan formed the U.S. Steel Corp., which became the first billion dollar corporation in the world, and through his firm came enormous funds from abroad to develop American resources. But he was widely criticized for backing the sale of obsolete carbines to the Union army during the Civil War; for his gold speculations during the same period; and for the harsh terms of his loan of gold to the Federal Government during the 1895 crisis. At the same time he was an ardent sportsman, a renowned art collector, and a generous philanthropist.
©1948, 1949 by Frederick Lewis Allen; (P)1995 by Blackstone Audiobooks

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  • jjob
  • 19/01/2018

Not enough insightch

This glosses over the man and the reader learns what he did but fails to know him. Not until he is old do any scenes give a sense of the man. Refusing to discuss the personal leave the book to be an overview of the business.