''The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance'' is a non-fiction book by

Ron Chernow Ronald Chernow (; born March 3, 1949) is an American writer, journalist and biographer. He has written bestselling historical non-fiction biographies. He won the 2011 Pulitzer Prize for Biography and the 2011 American History Book Prize for his ...

, published in 1990. It traces the history of four generations of the J.P. Morgan financial empire, on both sides of the Atlantic, from its obscure beginnings in

Victorian London During the 19th century, London grew enormously to become a global city of immense importance. It was the largest city in the world from about 1825, the world's largest port, and the heart of international finance and trade. Railways connecting ...

to the

crash of 1987 Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time z ...

. The reviewer for ''

The New York Times Book Review ''The New York Times Book Review'' (''NYTBR'') is a weekly paper-magazine supplement to the Sunday edition of ''The New York Times'' in which current non-fiction and fiction books are reviewed. It is one of the most influential and widely rea ...

'' said, "As a portrait of finance, politics and the world of avarice and ambition on Wall Street, the book has the movement and tension of an epic novel. It is, quite simply, a tour de force."Jeffrey E. Garten
"Their Street Was Paved With Gold"
''The New York Times'', March 18, 1990. Chernow later completed a history of the German-Jewish

Warburg Warburg (; Westphalian language, Westphalian: ''Warberich'' or ''Warborg'') is a town in eastern North Rhine-Westphalia, central Germany on the river Diemel near the three-state point shared by Hessen, Lower Saxony and North Rhine-Westphalia. It ...

banking family (''The Warburgs'', 1993) and a collection of the essays on "the decline and fall of the great financial dynasties" (''The Death of the Banker'', 1997).

Awards

The book won the 1990 U.S.

National Book Award for Nonfiction The National Book Award for Nonfiction is one of five U.S. annual National Book Awards, which are given by the National Book Foundation to recognize outstanding literary work by U.S. citizens. They are awards "by writers to writers". The panelists ...

."National Book Awards – 1990"

National Book Foundation The National Book Foundation (NBF) is an American nonprofit organization established, "to raise the cultural appreciation of great writing in America". Established in 1989 by National Book Awards, Inc.,Edwin McDowell. "Book Notes: 'The Joy Luc ...

. Retrieved March 24, 2012.

References

1990 non-fiction books Books about economic history Books by Ron Chernow National Book Award for Nonfiction winning works Atlantic Monthly Press books {{econ-hist-book-stub