Part 3 Chapter 27 Jonah Summary and Analysis

The banking world changes in the Eisenhower era. Banks like National City, Chase and Bankers Trust are active in the lucrative retail market. In 1955, Henry Clay Alexander becomes the chairman of Morgan and one of the most famous and popular bankers on Wall Street. He grows up in Tennessee and never lives abroad, unlike most of the Morgan people.

The Suez crisis causes a rift in relations between Britain, France, Israel and the United States. The U.S. is against the invasion of Egypt after Nasser nationalizes the Suez Canal. George Whitney tells Eisenhower to get tough with Nasser. Eventually, Anthony Eden has to resign over the failure of the Suez invasion. Morgan's influence at the White House is disproportionate to its size. Most of the banks have merged because they need to be large to deal...