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The Hour of Fate
- Theodore Roosevelt, J.P. Morgan, and the Battle to Transform American Capitalism
- Narrated by: Jennifer Woodward
- Length: 11 hrs and 59 mins
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The Hour of Fate
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Summary
It seemed like no force in the world could slow J. P. Morgan’s drive to power. In the summer of 1901, the financier was assembling his next mega-deal: Northern Securities, an enterprise that would affirm his dominance in America’s most important industry—the railroads.
Then, a bullet from an anarchist’s gun put an end to the business-friendly presidency of William McKinley. A new chief executive bounded into office: Theodore Roosevelt. He was convinced that as big business got bigger, the government had to check the influence of the wealthiest or the country would inch ever closer to collapse. By March 1902, battle lines were drawn: the government sued Northern Securities for antitrust violations. But as the case ramped up, the coal miners’ union went on strike and the anthracite pits that fueled Morgan’s trains and heated the homes of Roosevelt’s citizens went silent. With millions of dollars on the line, winter bearing down, and revolution in the air, it was a crisis that neither man alone could solve.
Richly detailed and propulsively told, The Hour of Fate is the gripping story of a banker and a president thrown together in the crucible of national emergency even as they fought in court. The outcome of the strike and the case would change the course of our history. Today, as the country again asks whether saving democracy means taming capital, the lessons of Roosevelt and Morgan’s time are more urgent than ever.
Winner of the 2021 Theodore Roosevelt Association Book Prize
Finalist for the Presidential Leadership Book Award
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Critic reviews
"Susan Berfield has written the rare book that makes you look at both the past and present in a new light. Deeply researched and beautifully written, The Hour of Fate tells the gripping tale of how a clash between the most powerful force in the history of Wall Street and a young, popular president set the stage for our current debates over the role and limits of wealth in a democracy." (David K. Randall, New York Times best-selling author of Black Death at the Golden Gate)
"The Hour of Fate is narrative nonfiction at its best. Susan Berfield brings to life the conflict between two of America's most powerful men, J.P. Morgan and Theodore Roosevelt, and reveals how their battle over democracy and corporate power reshaped America." (Adam Winkler, author of We the Corporations)
"Susan Berfield has captured a critical moment in American history with a ripping good yarn. Written with verve and a perceptive eye for detail, The Hour of Fate artfully brings to life two of our nation’s most celebrated personalities, caught in an astonishing drama even larger than themselves. It is impossible to read Berfield’s fast-paced and entertaining account of events a century ago without gaining deeper insight into the momentous events we wrestle with today." (Scott Miller, author of The President and the Assassin and Agent 110 )