With a sharp historical insight and captivating storytelling, Liaquat Ahamed presents a vivid and dramatic account of four individuals whose actions contributed to the global economic collapse of the late 1920s.
Many assume that the Great Depression was caused by a series of inevitable forces beyond the control of any individual or government. However, as economist Liaquat Ahamed reveals, the economic meltdown was primarily triggered by the decisions made by a small group of central bankers.
Get to know the neurotic and enigmatic Montagu Norman of the Bank of England; the xenophobic and distrustful Emile Moreau of the Banque de France; the brilliant yet arrogant Hjalmar Schacht of the Reichsbank; and the dynamic Benjamin Strong of the New York Federal Reserve Bank. These figures were as influential in their time as Alan Greenspan and Hank Paulson are in ours.
*Lords of Finance* offers a fresh perspective on the origins of financial crises and serves as a powerful reminder that individuals play a central role in global disasters.
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