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
Thinking, Fast and Slow
Self Belief
Call Me Ted
Forward the Foundation
The Extension of Man
The Marked Children
Who Really Matters
A History of Rome
Get Smarter: Life and Business Lessons
A Peace to End All Peace
The Odyssey
The Right Call
Waking Up
Build The Life You Want
101 Reasons to Get Out of Bed
Take Back The Game
The Vital Question
Build
The Gift
Superhuman
Meditation Station
My Life on the Road
Schulz and Peanuts
The Founders
The Trial
The Clash of Civilization and the Remaking of World Order
The Moon Is A Harsh Mistress
Fingerprints of the Gods
Nature Via Nurture
Liftoff
The Storytelling Animal
Lincoln In The Bardo
The Girl With the Dragon Tattoo
The Transit of Venus
Industrial-Strength Denial
Give and Take
Adult Children of Alcoholics
Concentrated Investing
More Than Enough
The Inimitable Jeeves
Stan Smith
Every Shot Counts