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
Hackers
A Gentleman in Moscow
The Trial
Secrets of Sand Hill Road
The Complete Novels of Jane Austen
We Wish To Inform You
AOL.com
A History of Knowledge
Flow
Powerful
The Devil’s Financial Dictionary
The Pattern Seekers
Virtual Society
End of Illness
Artemis
The Female Brain
The Adventures of Huckleberry Finn
The Iliad
The Breakthrough
Energy Myths and Realities
Civilisation
Apollo's Arrow
Surely You're Joking Mr. Feynman
Sex, Murder, and the Meaning of Life
Am I Being Too Subtle?
Tao of Philosophy
Rick and Morty Book One
The Creature from Jekyll Island
The (Mis)Behavior of Markets
The Virgin Suicides
The Fountainhead
SuperFreakonomics
The 4 Hour Work Week
True Believer
For the Love of the Land
Clearing The Air
Atomic Habits
The Two-Parent Privelege
Public Opinion
The Information
The Golden Trade of the Moors
The Attention Merchants
The Bed of Procrustes
The World Without Us
But What If We're Wrong?
Capital Returns
The Capitalist Manifesto
Fooling Some of the People All of the Time
The Jordan Rules
The Gun Seller
Prepared
Fermat's Enigma
The Healing Journey
I Am Not a Tractor
Farmer's Progress
Reamde
The Second Mountain
The Third Wave
Who Really Matters
The Right Call
The $12 Million Stuffed Shark
Think and Grow Rich
The Great Escape
Science and Method
ANSI Common Lisp
It's Earnings That Count
The Outsiders
Trump
The Bonfire of the Vanities
Hit Men
When The Heavens Went on Sale
The Making of a Manager
The Dice Man
The Tiger
From Headless Chicken to Golden Goose
An Unquiet Mind
Explaining Social Behavior
Savage News
No Bull
The 4 Hour Body
The Fear Factor
The Middleman
The Age of the Unthinkable
Flu
Hackers & Painters
Folk Devils and Moral Panics
The Fourth Turning is Here
The 80/20 Principle
Hoover Dam
Dancing In The Glory Of Monsters
The Time Machine
Red Star Over The Pacific
Negotiating The Impossible
The Jungle Book
The Great Convergence
Virus of the Mind
Drunk Tank Pink
Trader Vic
Liberty Under Seige
The Man Who Invented Fidel