Gentlemen Bankers: The World of J. P. Morgan

367 Pages·2013·2.449 MB·English

by  Susie J. Pak

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