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
The Poems of Dylan Thomas
Code
The Master and Margarita
The God That Failed
Freedom from the Known
Charlie Munger
Asset Management
Savage News
Devouring Freedom
Thinking In Bets
Lake Success
My Life on the Road
Black Elk
The Ultimate Resource 2
Tiny Habits
Where Is My Flying Car?
The Spectator
It's Garry Shandling's Book
Being Aware of Being Aware
From Third World to First
Nietzsche: Beyond Good and Evil
Mindset
How To Shoot Video That Doesn't Suck
Have Space Suit - Will Travel
Binti
Hold 'em Poker
12 Rules For Life
Plowman's Folly
When The Heavens Went on Sale
The Sports Gene
Starting Strength
The Warren Buffett Way
Numbers Don't Lie
More From Less
How to Teach Your Baby to Read
Enlightenment Now
Napoleon
24/6
Scotland
The Great Influenza
Traction
Decoded
Shoe Dog
Parfit
Extreme Ownership
Perilous Interventions
House On Fire
Days of Rage
Three Scientists and Their Gods
At Home in the Universe
Surface Detail
Levels of the Game
How to Fail at Almost Everything and Still Win Big
Stress Test
What We Owe the Future
Bitcoin is Venice
The Inevitable
The World Crisis
Folk Devils and Moral Panics
The TB12 Method
Memos From The Chairman
Essays In Persuasion
America's War for the Greater Middle East
Resistance (At All Costs)
The Two-Parent Privelege
The Evolution of Everything
Hopping Over The Rabbit Hole
The (Mis)Behavior of Markets
Viral
The Sun Also Rises
Decrypting Money
Ghost Fleet
The Case for Nationalism
The Art of Asking
Autobiography of a Spiritually Incorrect Mystic
Primed to Perform
A Magic Web
The Grapes of Wrath
The Essential Wooden
Who's In Charge
The Advantage
The Greedy Bastard Diary
The Overview Effect
Mint Condition
Learning To Love Yourself
The Culture of Narcissism
Failure Is Not An Option
Showing Up for Life
Knowledge and Decisions
Political Tribes
A Full Life: Reflections at Ninety
What Has Government Done To Our Money?
Kill Decision
Moorish Spain
Mandela's Way
The Tipping Point
Cloud Atlas
Thing Explainer
The Story of Civilization: The Reformation
The Fall