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crises of 1930s

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Conclusion
Martin Horn, McMaster University, Ontario
Book:

J.P. Morgan & Co. and the Crisis of Capitalism

Published online:

17 February 2022

Print publication:

03 March 2022, pp 343-349
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Summary

The conclusion brings together the arguments and themes explored in the book, suggesting that appreciating capitalism’s triumph in World War II and its subsequent postwar progress, owes much to overcoming the challenges of the 1930s, a decade in which J.P. Morgan & Co. was at the heart of how American financial capitalism changed. The Morgan bank survived by discarding its partnership model and incorporating – a step that was emblematic of the choices forced on banks and businesses in the crisis decade of the 1930s.