Title: An Unlikely Trust
Author: Gerard Helferich
At the dawn of the twentieth century,
Theodore Roosevelt and J. Pierpont Morgan were the two most powerful men in America and perhaps in the world. As the nation’s preeminent financier, Morgan presided over an elemental shift in American business, away from family-owned companies and toward modern corporations of unparalleled size and influence. As president, Theodore “Roosevelt vastly expanded the power of his office, seeking to rein in those corporations and rebalance their interests with those of workers, consumers, and society at large.
Overpowering figures and titanic personalities, Roosevelt and Morgan could easily have become sworn enemies. And when they have been considered together (never before at book length, they have often been portrayed as battling colossi: the great thrust builder versus the original trustbuster. But their long association was far more complex than that–and even mutually beneficial.
Despite their ,many differences in temperament and philosophy. Roosevelt and Morgan had much in common– social class. am unstinting Victorian morality a drive for power. a need for order. and a genuine (though not purely altruistic) concern for the welfare of the nation. Working this common ground, the premier progressive and the quintessential capitalist were ale to accomplish what neither could have achieved alone–including, more than once, averting national disaster. In the process they permanently changed the way that government and business worked together.
An Unlikely Trust is the story of the uneasy but momentous collaboration between Theodore Roosevelt and J. Pierpont Morgan. It is also the story of how government and business evolved from a laissez-faire relationship to the active regulation we know today. And it is an account of how, despite all that has changed in America over the past century so much remains the same, including the growing divide between rich and poor, the tangled bonds uniting politicians and business leaders, and the pervasive feeling that government is working for the special interests rather than for the people. Not least of all, it is the story of how citizens with vastly disparate outlooks and interests managed to come together for the good of their common country.