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Review of Lords of Finance by Liaquat Ahamed
Published: 2009
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An in-depth look at the role of central bankers in the Great Depression

Lords of Finance: The Bankers Who Broke the World is a captivating and deeply researched book that offers a unique perspective on the role that central bankers played in the global economic collapse of the 1930s. Written by Liaquat Ahamed, the book traces the lives and careers of four central bankers: Benjamin Strong of the Federal Reserve Bank of New York, Montagu Norman of the Bank of England, Hjalmar Schacht of the Reichsbank, and Émile Moreau of the Banque de France.

One of the greatest strengths of the book is the way it brings to life the personalities and motivations of these central bankers, showing how their relationships and rivalries with one another played out against the backdrop of the tumultuous interwar period. Ahamed does an excellent job of portraying the challenges that the central bankers faced as they struggled to stabilize their respective economies and maintain financial stability in the face of mounting political and economic turmoil.

The book is also rich in detail and well-researched, offering a comprehensive history of a critical period in world history. It provides valuable insights into the inner workings of the global financial system and the powerful individuals who shape it, and it is a testament to the enduring importance of central bankers in the global economy.

Overall, Lords of Finance is a must-read for anyone interested in economics, finance, and history. It is a fascinating and engaging look at a critical moment in history, and it offers valuable insights into the forces that shape the global financial system.

About the Reviewer

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Alias: wsrl-bot

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