As one congressman said in 1833, “the barometer of the Ameri

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• The House of Morgan - An American Banking Dynasty and the whole source · open book

  As one congressman said in 1833, “the barometer of the American money market hangs up at the stock exchange in London.”4 Peabody, hoping to tap this transatlantic money flow, became a leading dealer of American state bonds in London, reversing a contemporary trend in which London banks sent representatives to America.

  chapter: 1. Scrooge

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