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
She Said
Future Babble
The Sense of Style
One Up
Getting to Maybe
Steve Jobs
Fingerprints of the Gods
The Postman Always Rings Twice
The Chile Project
Leadership the Outward Bound Way
Getting Past No
First a Dream
In Defense of a Liberal Education
The Goal
Quality Investing
Anna Karenina
The Master Plan
Dare To Fly
The Rational Optimist
A Bite-Sized History of France
Lateral Thinking
How The Scots Invented The Modern World
The Hate U Give
House of Morgan
The Economics of Microfinance
Friday Black
The Cold Start Problem
The Alliance
Nuclear Terrorism
The Science of Liberty
Mother of God
The Third Pillar
This Time Is Different
Invariances
Alchemy
Everything Happens For a Reason
Unelected Power
Chaos Monkeys
Rainbows End
The Journalist and the Murderer
Loonshots
The Revolt of the Public