Lords of Finance: The Bankers Who Broke the World
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“Erudite, entertaining macroeconomic historical past of the lead-up to the Great Depression as seen by the careers of the West’s principal bankers . . . Spellbinding, insightful and, maybe most vital, well timed.” —Kirkus Reviews (starred)
“There is terrific prescience to be present in [Lords of Finance’s] portrait of instances previous . . . [A] author of nice verve and erudition, [Ahamed] simply connects the dots between the financial crises that rocked the world throughout the years his e-book covers and the fiscal emergencies that beset us right this moment.” —The New York Times
It is often believed that the Great Depression that started in 1929 resulted from a confluence of occasions past anyone particular person’s or authorities’s management. In truth, as Liaquat Ahamed reveals, it was the choices made by a small quantity of central bankers that had been the major trigger of that financial meltdown, the results of which set the stage for World War II and reverberated for many years. As we proceed to grapple with financial turmoil, Lords of Finance is a potent reminder of the monumental influence that the choices of central bankers can have, their fallibility, and the horrible human penalties that may outcome when they’re fallacious.