J.P. Morgan & Co. and the Crisis of Capitalism: From the Wall Street Crash to World War II

J.P. Morgan was the most important bank in the world during the interwar period, and Martin Horn's book "J.P. Morgan & Co. and the Crisis of Capitalism" provides an in-depth history of how the bank responded to the Great Depression and the New Deal. It sheds new light on the 1929 Crash and the Depression, and explores the interactions of politics and finance.

Format: Hardback
Length: 350 pages
Publication date: 03 March 2022
Publisher: Cambridge University Press

During the interwar period, J.P. Morgan emerged as the preeminent bank globally, occupying a central position in the intricate web of US politics, international relations, and finance. In his book, J.P. Morgan & Co. and the Crisis of Capitalism, Martin Horn offers a comprehensive historical account of how J.P. Morgan responded to the most severe crisis in the history of financial capitalism. This insightful work sheds new light on the Great Depression, the New Deal, and the onset of World War II.

Horn delves into the intricate details of how J.P. Morgan & Co. navigated the tumultuous events of the 1929 Crash and the ensuing Depression. He explores the bank's involvement in the New York Stock Exchange Crash, attributing its actions to a misreading of the gravity of the crisis. Furthermore, Horn provides fresh perspectives on the interplay between politics and finance, examining J.P. Morgan's relationship with the Hoover administration and the bank's clashes with Roosevelt over New Deal legislation.

Through meticulous research and analysis, Horn presents a compelling narrative that sheds new light on the pivotal role played by J.P. Morgan during this critical period. His book offers valuable insights into the complex dynamics of financial markets, government policies, and the power dynamics that shaped the world during the 1930s. J.P. Morgan & Co. and the Crisis of Capitalism is a must-read for anyone interested in understanding the history of finance, economics, and the political landscape of the 20th century.

Weight: 726g
Dimension: 161 x 234 x 32 (mm)
ISBN-13: 9781108498371
Edition number: New ed