Friday, January 22, 2016

Morgan's Fortune

I have really enjoyed this book for its portrayal of the early 20th century American aristocracy. Nowhere is this better seen than in the description of J.P Morgan and his adventures (or lack thereof) with Ford.
Early on in this section, there is my absolute favorite quote: “Pierpont Morgan was that classic American hero, a man born to extreme wealth who by dint of hard work and ruthlessness multiplies the family fortune till it is out of sight.” This sums up the two things required to make it in America, hard work and a bit of a break. These two things are personified and amplified in the aristocrats seen in this section. On one side there are those who got breaks: Carnegie & Rockefeller. They are shown as simpletons and alcoholics and in doing so implies that they chanced upon their fortunes.
Across from this, there is J.P Morgan and Ford, who are portrayed by Doctorow as believing that they are the hardest working and cleverest people to ever exist. Ford clearly has mastered the art of managing the time of other people and has risen the ranks in society. While Morgan has had so much success that there is no way that it is just good luck. This is especially true if we chose to believe everything he says from bailing out American to rediscovering ancient Egyptian reincarnation. However, Morgan is presented as being, at least, a little bit prideful, a point made excessively clear by his “secret society’. This leads to the question of whether he is honest in his accomplishments and consequentially, whether his fortune is more the result of hard work or good fortune.