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
Shoe Dog
Future Babble
The Sense of Style
One of a Kind
Getting to Maybe
Steve Jobs & The NeXT Big Thing
Fingerprints of the Gods
The Postman Always Rings Twice
The Checklist Manifesto
Leading
Getting Past No
First Friends
In Defense of a Liberal Education
The Global Macro Edge
Quality of Earnings
Andy Goldsworthy
The Master Switch
Dapper Dan
The Rational Optimist
99% True
Law, Legislation, and Liberty
How The West Grew Rich
The Harmless People
House of Morgan
The Economic Consequences of the Peace
Friday Black
The Coddling of the American Mind
The Alchemy of Finance
Nudge
The Science of Liberty
Motherless Brooklyn
The Third Pillar
This Time Is Different
Inversions
Against The World
Everything Happens For a Reason
Unelected Power
Chaos
Raising Girls
The Journalist and the Murderer
Lord of Light
The Revolt of the Public