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
Conspiracy
The Master Algorithm
The End of Power
The Sleep Revolution
Mathematician's Delight
Money: Master The Game
Wanting
The Adventures of Henry Thoreau
Brave Enough
Howard Hughes
The Blank Swan
The Works
The Great Mental Models
Mycelium Running
Steal Like an Artist
Sunset at Blandings
A Walk in the Woods
A Sound of Thunder and Other Stories
The Vision of the Annointed
Not Fade Away
The Fabric of Civilization
Einstein's Dreams
As I Lay Dying
Evolving Ourselves
The Heart of Yoga
Medieval Technology and Social Change
The Upanishads
The Golden Trade of the Moors
Essays and Lectures
Secrets of Closing the Sale
Days of Rage
The Only Game In Town
The God That Failed
As A Man Thinketh
The Origins of Virtue
The Trap
Ponzi's Scheme
On Intelligence
Flow
Memoirs or Chronicle of the Fourth Crusade and the Conquest of Constantinople
Crossing the Chasm
Superforecasting
Why We Get Fat
Natural Born Heroes
Richard Feynman
One Billion Hungry
Think Like
Birth of a Theorem
The Startup Community Way
This Is Your Brain on Music
The Fifth Season
Good Economics For Hard Times
Public Opinion
Plentiful Energy
The Civil Rights Era
The Clash of the Cultures
Where Mountains Roar
Fallen Dragon
Diocletian and the Roman Recovery
Moonwalking with Einstein
Dirt to Soil
The Minefield Girl
QED
Debt
Paradigms
Powerful
Something Deeply Hidden
The Path to Love
Francis Crick
The Economics of Microfinance
Michael Jordan
The Tiger
No Applause - Just Throw Money
How To Lie With Statistics
Walking
Without Their Permission
Life Ascending
Future Forward
The Economic Consequences of the Peace
If At Birth You Don't Succeed
The Coddling of the American Mind
Beyond Entrepreneurship
The Underdog Founder
Rise of the Dungeon Master
Bargaining for Advantage
The Rosie Effect
This Is How They Tell Me The World Ends
The Culture of Narcissism
The Most Powerful Idea In The World
Black Box Thinking
The Business Blockchain
The Rise and Fall of the British Empire
How An Economy Grows and Why It Crashes
The Complete Novels of Jane Austen
Boom
The Lights in the Tunnel
Stuff and Nonsense
Rubicon
Tomorrow's Table
Intellectuals