Not long ago, the description of a crisis that closed schools and factories would have seemed an outlandish relic. Today, the parallels with the pandemic-stricken economy are stark
might be content to write about either John Pierpont Morgan, possibly the world’s most famous banker, or Theodore Roosevelt , one of America’s best-loved presidents. But “The Hour of Fate” by Susan Berfield is richer for tackling them together. Set during Roosevelt’s first term, which saw the pair locked in battle, then co-operate to resolve a national crisis, her book vividly brings both men to life.
The book focuses on two linked events that thrust them together. In the first, Roosevelt shines as he doggedly dismantles Northern Securities, a coal and railroad behemoth that Morgan and other bigwigs put together in 1901 . The zenith of Roosevelt’s first term, in which he earned his stripes as a trustbuster, was the Supreme Court’s decision in 1903 to uphold the break-up.
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