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 Wright Brothers
Technically Food
Startup
Deep Survival
The Etymologicon
The Complete Novels of Jane Austen
The Coaching Habit
The Innovator’s Solution
Beyond Good and Evil
Walter Benjamin
The Romance of American Communism
The Activist's Media Handbook
Calm Your Mind with Food
The Upside of Stress
The Evolution of Beauty
The Art of Computer Programming
The Four Agreements
A World-Class Education
The Extension of Man
In The Plex
Mr. Putin
Becoming Steve Jobs
A Cultural History of Physics
The Almanack of Naval Ravikant
The Essential Scratch and Sniff Guide to Becoming a Wine Expert
The Jungle Grows Back
Mr. Penumbra's 24-Hour Bookstore
Zorba the Greek
Creation
The Ride of a Lifetime
Mean Genes
The Network State
The Utopia of Rules
Founders' Son
Dancing In The Glory Of Monsters
Art of the Living Dead
Brute
The Terminal List
No Bullshit Guide to Math and Physics
Three Blind Mice
The Right Stuff
The Warrior Ethos
The Fry Chronicles
Fallout
Powerful
Big World, Small Planet
The Omnivore's Dilemma
Tipping Points
Inversions
No Applause - Just Throw Money
How The Scots Invented The Modern World
Lessons for the Living
Bitcoin Billionaires
The Cult of LEGO
Beating The Street
Exhalation
Flu
Dune Messiah
The Subtle Art of Not Giving a F*ck
The Formula
Not Zero
George's Marvellous Medicine
Going Infinite
Eisenhower in War and Peace
A Technique for Producing Ideas
Natural Capitalism
Civilisation
Money: Master The Game
The Score Takes Care of Itself
The Ones We Have Been Waiting For
A Thousand Splendid Suns
Live Free or Die
The Economic Consequences of the Peace
Artemis
On Bullshit
The 80/20 Principle
Einstein's Mistakes
A History of Rome
Epic Measures
The Energy World Is Flat
Pre-Suasion
Civilian Warriors
Built To Last
I Know Why the Caged Bird Sings
Oh, The Place You’ll Go
Grit
The Butterfly Defect
The Surrender Experiment
Kill Switch
The Messy Middle
The Happiness Hypothesis
Saving Capitalism from Short Termism
American Buffalo
The Rise of Superman
Bull by the Horns
The Sympathizer
Good Night, Little Bear
The Belly Art Project
The Curse of the Mogul
Aware