Part 1 Chapter 8 Titanic Summary and Analysis

This chapter takes place near the end of Pierpont's life. Pierpont is now being attacked publicly for his involvement with the trusts. Government investigations begin with the 1912 Pujo hearings, as the House Banking and Currency committee hearings become known as. There are fears that the House of Morgan is becoming too big and powerful. The Pujo hearings cannot prove what they want to, but just conclude that there are six big Wall Street entities that are the basis for most of the securities funding. The Pujo hearings take their toll on Pierpont who dies several months later. Jack is now the head of the House of Morgan.

Pierpont, when semi-retired, spends his time traveling around the world. He keeps in touch with his son, Jack, while he is traveling. Pierpont cannot control his daughter Anne who has...