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The story of how a billion-dollar monopoly was created from the manufacture and sale of barbed wire in the Gilded Age. This is a case study of how an industry was monopolized in late 19th century America, based on a unique collection of primary sources.
The House of Morgan personified economic power in the late 19th/early 20th centuries. Carosso constructs an in-depth account of the evolution, operations, and management of the Morgan banks at London, New York, Philadelphia, and Paris, from the time Junius Spencer Morgan left Boston for London to the death of his son, John Pierpont Morgan.
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