Lords of Finance The Bankers Who Broke the World

by Ahamed, Liaquat

• ISBN13: 9780143116806
• ISBN10: 0143116800
• Edition: Reprint
• Format: Paperback
• Copyright: 2009-12-29
• Publisher: Penguin Books

Summary

"A magisterial work...You can't help thinking about the economic crisis we're living through now." --The New York Times Book Review. It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As yet another period of economic turmoil makes headlines today, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.

Author Biography

Liaquat Ahmed has been a professional investment manager for twenty-five years. He has worked at the World Bank in Washington D.C., and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive.

Table of Contents

Introduction	p. 1
The Unexpected Storm August 1914
Prologue	p. 19
A Strange and Lonely Man	p. 23
The Young Wizard	p. 35
A Safe Pair of Hands	p. 45
L'Inspecteur Des Finances	p. 61
Money Generals	p. 73
After The Deluge 1919-23
Demented Inspirations	p. 99
Uncle Shylock	p. 130
A Barbarous Relic	p. 155
Sowing A New Wind 1923-28
A Bridge between Chaos and Hope	p. 179
The Dawes Opening	p. 193
The Golden Chancellor	p. 217
La Bataille	p. 241
The First Squalls	p. 270
Un Petit Coup De Whisky	p. 291
Reaping Another Whirlwind 1928-33
Into the Vortex	p. 107
Purging the Rottenness	p. 347
Magneto Trouble	p. 374
A Loose Cannon on The Deck of The World	p. 393
Gold Fetters	p. 422
Aftermath 1933-44
Gold Standard on the Booze	p. 451
The Caravans Move on	p. 477
Epilogue	p. 497
Acknowledgments	p. 506
Notes	p. 509
Bibliography	p. 533
Index	p. 545
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