Jul 28, 2021
Lords of Finance: The Bankers Who Broke the World
Posted by Liaquat Ahamed

↠ Lords of Finance: The Bankers Who Broke the World ☆ Liaquat Ahamed, Lords of Finance: The Bankers Who Broke the World, Liaquat Ahamed, Lords of Finance The Bankers Who Broke the World With penetrating insights for today this vital history of the world economic collapse of the late s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth century It is commonly believed that the Great Depression that began in re ↠ Lords of Finance: The Bankers Who Broke the World ☆ Liaquat Ahamed - Lords of Finance: The Bankers Who Broke the World, Lords of Finance The Bankers Who Broke the World With penetrating insights for today this vital history of the world economic collapse of the late s offers unforgettable portraits of the four men whose personal and professional actions as heads

  • Title: Lords of Finance: The Bankers Who Broke the World
  • Author: Liaquat Ahamed
  • ISBN: 9781594201820
  • Page: 116
  • Format: Hardcover
↠ Lords of Finance: The Bankers Who Broke the World ☆ Liaquat Ahamed, Lords of Finance: The Bankers Who Broke the World, Liaquat Ahamed, Lords of Finance The Bankers Who Broke the World With penetrating insights for today this vital history of the world economic collapse of the late s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth century It is commonly believed that the Great Depression that began in re

↠ Lords of Finance: The Bankers Who Broke the World ☆ Liaquat Ahamed - Lords of Finance: The Bankers Who Broke the World, Lords of Finance The Bankers Who Broke the World With penetrating insights for today this vital history of the world economic collapse of the late s offers unforgettable portraits of the four men whose personal and professional actions as heads

Brina

Like many former American school students, I studied the Great Depression from a social standpoint in depth across many American history courses The classes focused on Black Tuesday and the country plunging into a depression, yet not relaying to students what a financial depression actually was We studied President Roosevelt s programs for recovery as well as how the hard times effected average American people Yet, lacking in the courses I took in school were the financial causes for this worldw [...]


Jan-Maat

An honest title for this book would be the 1001 Nights of International Finance from the eve of the First World War to Bretton Woods We are tumbled from one story to another detail many of which are completely irrelevant Madame Caillaux shooting the editor of Le Figaro, the First Name Club failing to set up a US central bank, the names of Poincare s pet dog and cat which was a Siamese but which are included because they are entertaining This is an undisciplined book written by somebody always pr [...]


Will Byrnes

Ahamed has written a fascinating account of how four central bankers were at the core of the economic madness that gripped the world after World War I and led to the second great war.The personalities are interesting, and the scent of the times wafts from the pages sufficient to sting the nostrils This is a book written for a popular audience No great knowledge of economics is required But that sure would help It is not only our elected officials, Wall Street brokers and government officials who [...]


Max

Ahamed profiles four central bankers who defined monetary policy in the decade leading to the 1929 crash Montagu Norman, the Governor of the Bank of England Benjamin Strong of the New York Federal Reserve Bank Hjalmar Schacht of the Reichsbank and mile Moreau of the Banque de France While their personalities played a role, far important was their adherence to the gold standard which straitjacketed their banks culminating in the Great Depression German reparations for WWI were problematic, but i [...]


rmn

Yawn.Screw waterboarding, let s make the terrorists read this book cover to cover Its length is only dwarfed by its lack of pace.In theory, this is a 500 page book about the four central bankers whose missteps led to the Great Depression and sinking of the global economy in the 1930s However, maybe half of the book is about those central bankers who are exceedingly boring while the other half is about the minutiae of the international financial wranglings of the time and the myriad people behind [...]


AC

I returned to and finished this book on audible driving about the local streets to and from work and driving the kids hither thither what it lacks as a book and my opinion about the issue of reparations has not been changed by L.A s arguments that it is somewhat shallow qua analysis it gains as an audible in that it is very strong on narrative.The result is that the author often strives for effect, rather than truth there is a rhetorical element, common to many books, of course At any rate, I m [...]


Greg Brown

Even given his opening epigraph claiming that biography was the only way to understand history, Ahamed spends surprisingly little time describing each of the bankers as people Sure, there are the vivid descriptions of their personalities and the expected personal details that helps to explain some of their behavior, but important to the story is the unique situations each of them faced in their respective home countries Moreau in France, Schacht in Germany, Norman in England, and Strong in the [...]


Mahlon

Lords of Finance tracks the lives of the central bankers of the USA, Great Britain, France and Germany from 1900 to about 1950, and explains how their fiscal policy led to the Great Depression.While this important book is definitely worth reading, I can t really understand why it won a Pulitzer It s a bit of a slog before the depression but the storytelling and quality of writing picks up once 1929 arrives Recommended for anyone who likes books about finance, tycoons, or wants A really good unde [...]


Jason

This was a bit of a work related read I changed jobs recently, and in my current position I am monitoring Congress proposed regulatory reform of the banking industry So, I thought I would add a little historical depth to my analysis This is obviously a timely book with many frightening parallels that you will recognize from the headlines in your morning paper However, as someone who continues to be drawn to the inter war period, it also filled in some gaps Most folks interested in history can at [...]


KOMET

Economics plays a decisive role in shaping and guiding our lives For most of us, it is not an easy subject to understand I am the holder of an Economics degree cum laude from my college days Even so, there are still many things about economics and finance that either elude my grasp or I partially understand, for both disciplines are fluid and dynamic, ever evolving, ever changing For that reason, I sought out this book, Lords of Finance The Bankers Who Broke the World , to help me to begin to un [...]


Pamela

Lords of Finance The Bankers Who Broke the World is an intricate, in depth look at the men who were in charge of the financial structures of the four biggest economies during the lead up to The Great Depression Starting as early as 1919 and the Treaty of Versailles, Liaquat Ahamed gives us a detailed account of the triumphs and, most importantly, the mistakes these men made in the economic well being of their own countries and, consequently, of the rest of the modern world.The major characters i [...]


David

An excellent book, deserving of the many rewards and positive reviews that it has received I listened to this on a three part Audible download, and I noticed the following small errors Part two, chapter four, time 13 40 Mixed metaphor alert Moreau s star was about to turn I guess a star can actually rotate, but, in my mental dictionary, when you wish to metaphorically indicate an improvement in someone s fortune, their star rises Fortunes themselves, less metaphorically, can turn.A Google search [...]


Emily

In the early 1930s, a reporter asked John Maynard Keynes whether anything like the Great Depression had ever happened before His reply Yes, it was called the Dark Ages, and it lasted four hundred years This book is about the four central bankers of the U.S Great Britain, France, and Germany who presided over the economic collapse between the World Wars Imagine something much worse than the banking crisis of 2007 taking place after a brutal war in which millions of men were killed and in countrie [...]


Tony

Ahamed, Liaquat LORDS OF FINANCE 2009 Subtitled The Bankers Who Broke the World, this was this year s Pulitzer Prize winner for History It s a massive book, extremely well researched, but s boring Maybe if you were an Econ major, this would be for you and really get you turned on I m a chemist and it didn t do anything for me Ahamed s thesis is that the Great Depression and the economic meltdown was caused by a small number of central bankers that were also responsible for setting the stage for [...]


Courtney

This book centers on four fallible men whose decisions, over than a decade, contributed to and exacerbated the Great Depression Lords of Finance is no dry accounting It s a dense, but thrilling, examination of the leaders of the world s most powerful central banks in the U.S France, Germany and Britain and their efforts to sustain their countries through World War I, and to rebuild when the fighting stopped These men s ideas were often wrong, built on the fallacy of the gold standard and miscon [...]


Frank Stein

Ahamed s one of those lucky authors who spends a decade working on a book and then pop it lands at Borders the second its subject supposedly becomes essential to global salvation Suddenly every anchor with 5 spare minutes wants an interview.Ahamed wrote a book on central banking and the Great Depression and it came out just as the economic world fell to crap Lucky him It also received ridiculously positive reviews from everybody To my mind it was tedious, plodding, repetitious, and the storyline [...]


Frederik Vandelannoote

This book is clearly written by a banker and in favor of central banking So he excludes some fundamental systemic elements out of his equation However, he states correctly that the fundamental reason for the great depression was too much debt war and reparation debt which makes the book very relevant to the upcoming crash The writer gives vivid descriptions of the main characters which makes the book an enjoyable read Personally, I liked his honesty when consistently mentioning the nationality o [...]


Michele Weiner

This explanation of the perfect storm that lead to the Great Depression was oddly reassuring in light of the current economic climate Ahamed describes the sorry state of economic and monetary theory, the straightjacket that was the gold standard, and the mediocrities who were in charge of the world s money during the period between the wars Today, he says, we have Keynes, we are not tethered to gold, and the crises that we have experienced have had the decency to occur one at a time with a decen [...]


Gwern

I enjoyed this tremendously for revealing a new world to me where I thought I already knew the lay of the land Throughout were revelations to me just how ruinous WWI was, how reparations kept echoing and damaging Germany, how exactly the hyperinflation started it was only partly the Versailles payments but the social programs , how America aggravated the issue the Coolidge quote and the American tourists certainly never appeared in my history textbooks , how late the stock bubble was and the de [...]


Constantine

Don t know why I continue to read books on finance Economics is too esoteric a discipline for me Is all talk of economics ultimately sound and fury that signifies nothing Perhaps a lay reader should steer clear of the topicor maybe it s just me and I m just never going to get it Having said thatis book was actually enjoyablee it is a history book than a theoretical presentation of economic theory although I m sure a reader with a background in that arcane realm would appreciate this book much [...]


DoctorM

Lords of Finance looks at the world of the Gold Standard one of the arcane gnostic cults and its interwar acolytes and tells the story of the major central banks from the beginnings of the Great War through the onset of the Great Depression The book focuses on four major bankers Strong of the NY Fed, Montagu Norman of the Bank of England, Hjalmar Schacht of the Reichsbank,and Emil Moreau of the Banque de France and their roles in trying to restore a lost world of gold backed stability and simul [...]


Asails F

A must read


Razvan Zamfirescu

Schacht n Germania Strong n SUA Moreau n Fran a Norman n Marea Britanie i un al cincilea personaj care i urm re te din umbr i i admonesteaz n public Keynes.4 bancheri, 4 min i luminate, 4 oameni care au avut n m n soarta omenirii timp de dou decenii i care au aruncat mapamondul ntr o criz financiar de propor ii nemaint lnite de i p n atunci.Liaquat Ahamed i ncepe volumul cu un motto care sus ine c biografiile sunt singurele care ne pot ajuta s n elegem istoria Din fericire autorul nu respect ace [...]


Arminius

Lords of Finance is a very informative book of finance by telling the story of the economic difficulties of Europe following World War I The book centers on the three main victors England, France, and America and the main loser Germany of WWI All of whom happened to be economic powerhouses before the war but only America would remain so afterwards.The harsh reparations placed on Germany during the Treaty of Versailles are detailed They lost major production centers of their country annexed to Fr [...]


Ericka Clouther

The topic is interesting and the writing is great, and if someone had cut this book in half it would have been 5 stars As it is, it is nearly unreadable The first time I tried I quit 50% of the way, but I own a copy so I tried again The only way I made it through is by powering through the audiobook, meaning that when I zoned out I just rewound a bit a kept going Every sentence definitely didn t get in my brain On the other hand, if you love monetary policy, this is the book for you.


Richard

Lords of Finance is filled with a great deal of financial history of which I was previously unaware I was fascinated by much of what I learned, but I also found myself quite bored through significant portions of the book which contained too much detail about the personal lives of many of the characters Much of this biographical information was of no interest to me, and I ended up skipping than 100 pages of the book.


Mike Zickar

A fascinating history of the global economic collapse in the late 1920s Ahamed writes about the personalities involved focusing on the heads of the federal banks in the US, UK, France, and Germany and how they made a series of bad decisions that made inevitable economic downfalls even worse This is an interesting history that weaves together discussion of economic history, discussion of WWI, and economic theory At times, however, the book drags on and might have benefited from some judicious edi [...]


John

Really well done This is a blend of biography, history, and economics It follows the key characters in monetary policy from the US, the UK, France and Germany as they navigate WW1, then the volatility of the 1920s, and the great depression He ends with some very brief commentary on WW2 and the Bretton Woods agreement after the war, but ultimately, the book is an attempt to understand what lead to the great depression Highlights for me were the overview on how central banking worked in the pre WW [...]


Keith Akers

This is a good historical book I like the approach of describing the actual lives of the bankers in question, who actually come across as sympathetic figures Actually, they led pretty interesting lives, and this woven in with all the economic stuff is the main strength of the book You get the sense that he is talking about people, not economics theory I don t think that the book quite supports the conclusion on the dust jacket, that the decisions taken by a small number of central bankers were [...]


Kay

Don t tell the conspiracy theorists, but this book is basically about the four men who really ran the world through some of the most tumultuous times in recent history World War I, the Great Depression, and World War II These four men, the central bankers of Germany, the United States, Great Britain, and France, had a surprising influence on the historic outcomes we now can only view through hindsight Unfortunately, they only sort of knew what they were doing There s no question that this era of [...]



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Lords of Finance: The Bankers Who Broke the World