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Morgan members dominated the banking industry during their time. J. P. Morgan was the de facto leader of this dynasty, having been the most prominent businessman in America at the turn of the century. He revolutionized numerous industries, including electricity, railroad, and steel. Through his business methods, he was highly successful in asserting his power as one of the most influential businessmen in America. Historians describe the Morgan family along with its web of partners to be part of the large American banking empire known as the House of Morgan.
It is difficult to place an exact beginning and end date on the dynasty. However, many scholars {{who?|date=March 2024}} attribute the death of J. P. Morgan to the end of the banking dynasty. In ''[[The House of Morgan|The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance]]'', [[Ron Chernow]] chronicles the lives of the Morgans, which he described as "encrusted with legend... ripe with mystery, [and] exposed to such bitter polemics".<ref>{{cite book |last1=Chernow |first1=Ron |title=The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance |date=1990 |publisher=Atlantic Monthly Press |location=New York |isbn=0-87113-338-5 |page=xi |url=https://archive.org/details/houseofmorganame00cher_0 }}</ref>
== History ==
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