The House of Morgan - Part 2 Chapter 12 Odyssey Summary & Analysis

Ron Chernow
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Part 2 Chapter 12 Odyssey Summary and Analysis

China again becomes a market of interest in the 1920s. Lamont is sent to see if there is a way to stop the feuding north and south governments there and if the time is right for loans to China. Lamont returns with advice that no loans be made until the north and south stop fighting each other. Japan becomes the market for the House of Morgan. When an earthquake hits the city in 1923, the House of Morgan leads the relief effort through Lamont's Red Cross. Morgan forges ties with the House of Mitsui, the leading Japanese bank and leads the syndicate for a $150 million earthquake loan.

At the same time there is increased lending to Latin American countries. These are always risky loans because of the Latin American countries dependence on commodity crops. The International Committee of...

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This section contains 311 words
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