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
Showing Up for Life
The Emotionally Intelligent Investor
Happiness
Killers of the Flower Moon
Team of Teams
Pilot's Handbook of Aeronautical Knowledge
The Story of Civilization: The Age of Napoleon
Monetizing Innovation
Statistical Consequences of Fat Tails
René Girard's Mimetic Theory
Trump and Churchill
Midnight In Chernobyl
The 48 Laws of Power
Statistical Models
The Third Chimpanzee
Unravelling the Double Helix
The Better Angels of our Nature
Liar's Poker
Factfulness
Boyd
Teddy and Booker T.
Think on These Things
Son of the Morning Star
Deep Survival
Human Action
Something Like an Autobiography
Good Profit
Growth IQ
Born a Crime
Ficciones
Manias, Panics, and Crashes
Stretching the School Dollar
The Deficit Myth
The World Until Yesterday
I Know Why the Caged Bird Sings
How Asia Works
Falling into Grace
The Hustler
The Bonfire of the Vanities
The First Crash
Stone Age Economics
The Meaning of the 21st Century
Pride and Prejudice
Origin Story
Cognitive Surplus
Fables
Experimental Man
Who We Are and How We Got Here
The Statistical Mechanics of Financial Markets
Distress
Memoirs
A Woman Makes a Plan
Mastery
Outlive
Sell with a Story
A Writer's Time
The Master Switch
Starting Strength
The Book of Life
The Truth Machine
The Sunday Philosophy Club
The Last Days of Night
Infectious Generosity
The Social Photo
Dear Founder
Flying Start
The Four
Fertility Pastures
Rise of the Robots
Hit Refresh
Investment Biker
A Second Chance
One Up
The Fund
Fooling Some of the People All of the Time
Modern Engineering for Design of Liquid Propellant Rocket Engines
Lifespan
The Principia
Ishmael
Too Dumb to Fail
The Last Lion
Deep Simplicity
But What If We're Wrong?
T
Never Eat Alone
Plan B 3.0
The Mind of Napoleon
The Singularity Is Near
The Art of Possibility
Understanding Comics
The Little Bitcoin Book
Information
Complexity
The Making of Prince of Persia
King, Warrior, Magician, Lover
Little, Big
Positioning
Data-Driven Marketing
Continental Reckoning
The House of Getty