SOCIAL SCIENCES

An Unlikely Trust: Theodore Roosevelt, J.P. Morgan, and the Improbable Partnership That Remade American Business

Lyons: Globe Pequot. Jan. 2018. 304p. photos. notes. bibliog. index. ISBN 9781493025770. $26.95; ebk. ISBN 9781493025787. BUS
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This illuminating work about the partnership between President Theodore Roosevelt and John Pierpont Morgan Sr. is long overdue. Roosevelt, often referred to as the "trust-buster," was an astute politician, who was known for reforms and the implementation of regulations, especially antitrust legislation. Morgan, an important financier and banker of his era, was considered a preeminent figure in the evolution of modern corporations. Because Morgan was involved in many company consolidations, he was often referred to as the "trust-builder." The unlikely association between trust-buster and trust-builder yields author Helferich's (Theodore Roosevelt and the Assassin) well-crafted title. Their alliances during the Coal Strike of 1902, the financial Panic of 1907, the creation of the Federal Reserve System, and the building of the Panama Canal are detailed. Based on extensive research, this book fills a niche in the understanding of the complex relationship between Roosevelt and Morgan, especially in their common commitment to protecting the United States.
VERDICT Recommended for all who have an interest in business history or Roosevelt.

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