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
Think Like a Monk
Leading Without Authority
The 10,000 Year Explosion
An Astronaut's Guide to Life on Earth
How To Get Rich
The Uninhabitable Earth
The Evolution of Cooperation
The Bitcoin Standard
Managing Oneself
Blackout
As I Lay Dying
The Godfather
Future Babble
This Brave New World
The Black Swan
I'd Like To Play Alone, Please
The Neverending Story
The Cancer Code
Origin Story
Sell with a Story
Beat the Wealth Management Hustle
Race Against The Machine
Gabriel Garcia Marquez
Lincoln
Idoru
The God Delusion
Build
Elon Musk
Financial Derivatives
Hidden Potential
Clearing The Air
The Martian
The Making of the Atomic Bomb
The Devil in the White City
Leonardo Da Vinci
Thank You For Smoking
The Adventures of Tom Sawyer
Zoning Rules!
A Most Beautiful Thing
Raising Girls
Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism
The Discovery of France
Hustle Harder, Hustle Smarter
The Man Who Fed The World
Founding Sales
The Machine Stops
My American Journey
Nature Via Nurture
The Seventh Sense
In Pursuit of the Common Good
The Power of Positive Thinking
Nexus
Storm of Steel
The Innovators
Joy on Demand
I Am Not a Tractor
Your Keys Our Home
Grass Productivity
The Celestine Prophecy
In Praise of Shadows
Revolution in The Valley
The Printing Revolution in Early Modern Europe
The Idea Factory
Triumphs of Experience
Expectations Investing
Energy
American Kingpin
Dune
The Great Transformation
Self Reliance
Hate Inc.
The AI Revolution in Medicine
On Wings of Eagles
Alice's Adventures in Wonderland
To Kill a Mockingbird
Immortality
The Revolt of the Public
Barbarian Days
The Survivor
Conspiracy
More Human
The Holy Bible
Scientific Advertising
The River War
Where Do School Funds Go?
Ending the War on Drugs
Class Warfare
The Man Who Invented Fidel
The Story of Civilization: The Renaissance
Darwin's Blind Spot
The Creative Society
Winning The Loser's Game
The Storytelling Animal
A Sense of Where You Are
A Year with Rumi
AI Superpowers
The Chile Project
Seeing Like a State
Nourishing Traditions
Good Night Stories for Rebel Girls