Lords of Finance

The Bankers Who Broke the World

Liaquat Ahamed

Recommended By

Book Synopsis

"Lords of Finance" by Liaquat Ahamed explores the interwar period and the impact of four central bankers who held the fate of the global economy in their hands. Focusing on the lives and decisions of Benjamin Strong of the Federal Reserve, Montagu Norman of the Bank of England, Émile Moreau of the Banque de France, and Hjalmar Schacht of the Reichsbank, Ahamed vividly portrays the challenges and choices these men faced during the tumultuous years leading up to the Great Depression.

Intertwining personal stories with economic history, Ahamed delves into the minds of these central bankers, revealing how their different backgrounds, ideologies, and relationships influenced their policies. He expertly paints a picture of the high-stakes world of international finance, where decisions on interest rates, gold standards, and monetary policy had far-reaching consequences.

Drawing on extensive archival research and a keen understanding of economic theory, Ahamed demonstrates how the interconnectedness of the global financial system was both a cause and a result of the economic turmoil of the 1920s and 1930s. From the impact of World War I to the collapse of the stock market in 1929, "Lords of Finance" provides a comprehensive and accessible account of this critical period in history.

With meticulous attention to detail and a clear narrative style, Ahamed illuminates how the decisions of these central bankers shaped the destiny of nations and altered the course of the global economy. Ultimately, "Lords of Finance" offers invaluable insights into the causes and consequences of the Great Depression, making it essential reading for anyone interested in understanding the history and intricacies of modern finance.

Explore More Books

See All
Moonwalking with Einstein
Mistakes Were Made (But Not By Me)
The World That Wasn't
The Origins of Virtue
The Politics Industry
Chapterhouse: Dune
Beyond The Blue
Parfit
The Case for Nationalism
How Asia Works
The Butterfly Defect
Healthy Buildings
The Richest Man in Babylon
Letters from a Stoic
Creating Shareholder Value
Mother of God
The Etymologicon
That Will Never Work
The Holy Bible
The Spectator
A Story Lately Told
#AskGaryVee
This Brave New World
Tao Te Ching
Execution
The Narrow Corridor
On Immunity
The Story of Civilization: The Age of Voltaire
Hard Drive
Class Warfare
Merchants of Truth
Grass Farmers
Distress
Great Short Poems
Roger Ailes: Off Camera
Twelve Against The Gods
Concentrated Investing
Thus Spoke the Plant
The Dog Stars
Makers
Different
Central Banking 101
The Oz Principle
The Romance of American Communism
The Medici Effect
Call of the Reed Warbler
The Model Thinker
The Rise And Fall Of American Growth
If I Could Tell You Just One Thing
I am Anne Frank
Ordinary Men
The Nature of the Beast
Carrying The Fire
Hateship, Friendship, Courtship, Loveship, Marriage
A Sense of Where You Are
The Essays of Warren Buffett
Active Inference
Determined
The Essential Wooden
I Love Capitalism
Creativity, Inc.
The Picture of Dorian Gray
How to Change Your Mind
Immortality
The Civil Rights Era
Too Big to Fail
The Tyranny of Experts
Alice in Wonderland
The Painted Bird
Crash Proof 2.0
American Buffalo
The Big Ship and Little Digger
The Half-Life of Facts
No Applause - Just Throw Money
A Cure for the Common Company
The Ascent of Money
Hillbilly Elegy
The Formula
Cuckoo
Personal Memoirs of U.S. Grant
The Visual Display of Quantitative Information
The Robotics Primer
Presidents of War
The Decline and Fall of the Roman Empire
Play It Away
Excession
The Culture of Narcissism
Markings
The Fourth Revolution
The Amazing Adventures of Kavalier and Clay
Impromptu
Liar's Poker
The Fortunes of Africa
Dynasty
Courage
Essays In Persuasion
The Sixth Extinction
Nixonland
The Innovators Dilemma
Masters of Doom