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Gentlemen Bankers: The World of J. P. Morgan PDF

367 Pages·2013·2.449 MB·English
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Harvard Studies in Business History • 51 Published with the support of the Harvard Business School edited By Walter A. Friedman Lecturer Director, Business History Initiative and Geoffrey Jones Isidor Straus Professor of Business History Faculty Chair, Business History Initiative Harvard Business School sUsie J. Pak GentLeMen B a n k e r S The World of J. P. Morgan Harvard University Press Cambridge, Massachusetts, and London, England 2013 Copyright © 2013 by the President and Fellows of Harvard College All rights reserved Printed in the United States of America Library of Congress Cataloging- in- Publication Data Pak, Susie. Gentlemen bankers : the world of J. P. Morgan / Susie Pak.—1 Edition. pages cm Includes bibliographical references and index. ISBN 978-0-674-07303-6 1. J.P. Morgan & Co.—History. 2. Banks and banking—United States— History. 3. Bankers—United States—Biography. 4. Morgan, J. Pierpont (John Pierpont), 1837–1913. I. Title. HG2471.P35 2013 332.1'230973—dc23 2012051088 For Greg & Wyatt Contents Introduction 1 1 Gentlemen Banking Before 1914 12 2 The Social World of Private Bankers 45 3 Anti- Semitism in Economic Networks 80 4 Disrupting the Balance: The Great War 107 5 The Significance of Social Ties: Harvard 137 6 Complex International Alliances: Japan 160 7 The End of Private Banking at the Morgans 192 Conclusion: Writing the History of Networks 219 Notes 227 Acknowledgments 343 Index 347 gentlemen bankers

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