A 1907 New York Times headline, echoing the widespread sentiment that Morga...
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- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
A 1907 New York Times headline, echoing the widespread sentiment that Morgan and his crew had masterfully saved the economy, declared Morgan the “world’s central bank.” Morgan didn’t leave headlines like these to chance any more than he did the chess game of banks. He not only assisted other banks (for a price); in 1896, he had helped the Ochs family buy the New York Times.
chapter: Introduction: When the President Needed the Bankers