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Lords of Finance: The Bankers Who Broke the World cover

Lords of Finance: The Bankers Who Broke the World

Liaquat Ahamed

2

awards won

24

score

#79 of 3,809 books · #1 in Business & Economics

Won the Pulitzer Prize for History (2010) and the Financial Times and Standard Chartered Business Book of the Year Award (2009). Also shortlisted or longlisted for 1 other award.

Lords of Finance won the Pulitzer Prize. 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 we continue to grapple with economic turmoil, 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.

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Publisher
Penguin
ISBN-13
9781440697968
Topics
Great DepressionCentral bankingGlobal economic history

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