Morgans. The Dynasty of the Largest Oligarchs

The American economist Lewis Corey, the author of one of the first biographies of Morgan, presents the history of the formation of the largest financial and industrial group in the United States, beginning from colonial times, in his research. Unlike most panegyrics in praise of the Morgans, Corey provides numerous examples of the banker's confrontations with dangerous competitors, achieving financial power, centralization, and control sometimes through pirate methods, which led to the dominance of the House of Morgan and the emergence of the term Morganization.