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A Banking Empire Traced From Its Origins to the Present.

Author Ron Chernow (CHUR-now). His new book is, "The House of Morgan: an American Banking Dynasty and The Rise of Modern Finance." Chernow examines one of the financing world's once most powerful institutions: the J.P. Morgan financing empire. And he traces the history of modern finance from the genteel, clubby world of banking to Wall Street of the 1980's when ruthlessness, and machismo became the rule. "A brilliant, generation-spanning history of the Morgan banking empire, which offers a wealth of social and political as well as economic perspectives," says the Kirkus Reviews. ("The House of Morgan" is published by Atlantic Monthly Press.)

22:43

Other segments from the episode on March 27, 1990

Fresh Air with Terry Gross, March 27, 1990: Interview with Ron Chernow; Commentary on Red Bird and Blue Cat Records; Interview with Daniel Akst; Review of Fay Weldon's novel "The Life and Love of a…

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