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
Behave
Body by Science
The Fatal Conceit
More Than Enough
The Woman I Wanted to Be
This Is Your Brain on Music
What Technology Wants
Tao of Philosophy
Probability Theory
Deep Learning
Birth of a Theorem
An Unquiet Mind
Product Design for the Web
Brave New Medicine
The Silk Roads
Consciousness Medicine
In Patagonia
Play Bigger
The Upright Thinkers
Filters Against Folly
No Future Without Forgiveness
The New One Minute Manager
Learned Optimism
Painting and Experience in Fifteenth-Century Italy
Radical Uncertainty
Seven Brief Lessons on Physics
State of the Art
Portraits of Interiors
The Constitutional Convention
American Lion
The Politics Industry
SuperFreakonomics
Born Standing Up
Frames of Mind
The Sleep Revolution
The Healing Journey
The Great Convergence
Too Soon Old, Too Late Smart
The Second Mountain
The Watchman's Rattle
One Billion Hungry
The Eden Project
The Book of Awakening
High Fidelity
My Brother Ron
Reality Is Not What It Seems
Into Thin Air
Calculus Made Easy
Tree Crops
René Girard's Mimetic Theory
She Has Her Mother's Laugh
The Status Syndrome
On the Genealogy of Morals
Shortcut
Why Information Grows
How to Stop Worrying and Start Living
Jack
Economics in One Lesson
Way of the Warrior Kid 3
Breath
Everything Happens For a Reason
The Soul of the World
Water in Plain Sight
Anna Karenina
Call of the Reed Warbler
Metaphors We Live By
The Copernican Revolution
Blankie
Getting Past No
The Undercover Economist
Rick and Morty Book Three
Fooled By Randomness
Build The Life You Want
DMT: The Spirit Molecule
The Jungle Book
The Great Crash of 1929
Data-Driven Marketing
Matter
Sapiens
The Jordan Rules
Black Flags
Modern Man in Search of a Soul
We Wish To Inform You
The Reasonableness of Christianity
Beyond The Blue
Feeding the Dragon
Posterity: Letters of Great Americans to Their Children
Jonathan Livingston Seagull
A Woman Makes a Plan
Trauma
Essentialism
Humans Need Not Apply
On Grief and Grieving
The Graveyard Book
Down to Earth
Food and Nutrition
Mindware
Amusing Ourselves to Death
Rick and Morty Book One
Unravelling the Double Helix