This book tells the untold story of how JPMorgan became a universal bank in the 1980s-1990s and the events leading to it being acquired by Chase in 2000. It depicts the challenges Morgan’s leaders – Lew Preston and Dennis Weatherstone – confronted when the firm’s business model was disrupted by the developing country debt crisis and premier corporate borrowers increasingly accessing capital markets, up to its current management with Jamie Dimon. It depicts what happened to Morgan in the larger story of U.S. banking consolidation. As Morgan sought to re-enter the world of securities and navigate around Glass-Steagall barriers, their overriding goal was to ensure it would remain a pre-eminent wholesale bank serving multinational corporations. Opportunities to grow through acquisition were presented and considered, including purchasing a stake in Citibank in the early 1990s. However, Preston and Weatherstone were reluctant to integrate areas unfamiliar to Morgan such as retail banking or to assimilate cultures that were disparate from the firm’s. This first-hand account explores whether Morgan could have stayed independent had its leaders pursued the strategic plan that called for it to make targeted acquisitions in areas where it had well-established businesses. Instead, in the mid-1990s, it went from being the hunter to the hunted. Rival banks that had been burdened by bad loans to developing countries and commercial real estate capitalized on rising share prices during the tech boom to acquire other institutions. Meanwhile, Morgan’s profits and share price lagged, which left it vulnerable. During this time, all of the leading financial institutions struggled to change their business models. In the end, no U.S. money center bank was able to become a universal bank on its own. What ensued was a growing concentration of financial assets in a handful of institutions that was the precursor to the 2008 financial crisis, which is explored further using Morgan as a lens, in a book that is sure to interest banking and Wall Street professionals and business readers alike.

No one can claim to understand the American social and religious mind of the last half of the nineteenth century who does not understand sympathetically what evangelist Dwight L. Moody and his career represented. Moody was an entrepreneur, a self-made man, a living expression of much that was hearty and some of what was crass about religion in his day. This is the first biography to place him fully within the context of the broad social, theological, and cultural developments of his time. Most of the existing biographical literature about Moody is either simplistically eulogistic or sarcastically hostile. These polar views reflect the split that occurred within the Protestant church between fundamentalists and modernists during and after Moody's career. It is with an objective overview of these divergencies that the author has prepared his biography. Mr. Findlay demonstrates how Moody's outlook evolved from the small-town framework of early nineteenth-century New England and developed into the mainstream of American evangelicalism. In the rising cities of Boston and Chicago, he concentrated his efforts to urbanize revivalism as part of a general struggle to adapt a traditional faith to a rapidly changing external environment. After his triumphant revival crusades of the 1870s, the impact of his style and message faded before the progressive liberal approach to religion that was to shape twentieth-century Protestantism. The present biography of this great evangelist is far superior to any other, both for its scholarly approach in determining the place of evangelicalism in American social and religious history and for its portrayal of the overpowering impact of Moody's personality. It will be particularly fascinating to those interested in American social history and the history of evangelism, the man and the movement.

Whether you want to identify, date or evaluate your own pieces, Furniture is the only comprehensive, full-color reference guide for you. Judith Miller gives a global overview that spans the last 3,000 years of design, guaranteed to turn any amateur into a furniture buff. Furniture defines decorative motifs of key periods with over 3,500 photographs of every style and form. This eBook also includes profiles of influential designers, craftsmen and key movements.

Vale of Tears: New Essays in Religion and Reconstruction offers a window into the exciting work being done by historians, social scientists, and scholars of religious studies on the epoch of Reconstruction. A time of both peril and promise, Reconstruction in America became a cauldron of transformation and change. This collection argues that religion provided the idiom and symbol, as often the very substance, of those changes. The authors of this collection examine how African Americans and white Southerners, New England Abolitionists and former Confederate soldiers, Catholics and Protestants on both sides of the Mason-Dixon line brought their sense of the sacred into collaboration and conflict. Together, these essays mark an important new departure in a still-contested period of American history. Interdisciplinary in scope and content, it promises to challenge many of the traditional parameters of Reconstruction historiography. The range of contributors to the project, including Gaines Foster and Paul Harvey, will draw a great deal of attention from Southern historians, literary scholars, and scholars of American religion.

Examines how J.P. Morgan, then the world's leading bank, responded to the greatest crisis in the history of financial capitalism.

The Panic of 1893 and the depression it triggered mark one of the decisive crises in American history. Devastating broad sections of the country like a tidal wave, the depression forced the nation to change its way of life and altered the pattern and pace of national development ever after. The depression served as the setting for the transformation from an agricultural to an industrial society, exposed grave economic and social problems, sharply tested the country's resourcefulness, reshaped popular thought, and changed the direction of foreign policy. It was a crucible in which the elements of the modern United States were clarified and refined. Yet no study to date has examined the depression in its entirety. This is the first book to treat these disparate matters in detail, and to trace and interpret the business contraction of the 1890s in the context of national economic, political, and social development. Steeples and Whitten first explain the origins of the depression, measure its course, and interpret the business recovery, giving full coverage to structural changes in the economy; namely, the growing importance of manufacturing, emergence of new industries, consolidation of business, and increasing importance of finance capitalism. The remainder of the book examines the depression's impact on society—discussing, for example, unemployment, birth rate, health, and education—and on American culture, politics and international relations. Placing the business collapse at the center of the scene, the book shows how the depression was a catalyst for ushering in a more modern America.