Morgan, Roosevelt, and the Great Depression

This chapter examines the pivotal Senate banking committee hearing of 1933 featuring J.P. Morgan Jr., set against the backdrop of the Great Depression. It highlights the contrasting political journeys of Morgan and Franklin D. Roosevelt, along with the emergence of the New Deal and its implications on society and finance. Key themes include the moral dilemmas of tax practices, political loyalties, and the evolving relationship between wealth and governance during a transformative period in American history.