Pulitzer Prize History Winner
Lords of Finance: The Bankers Who Broke the World
by Liaquat Ahamed
Summary
Ahamed follows the central bankers of Britain, France, Germany, and the United States whose decisions shaped the world economy between the two world wars. He shows how their commitment to the gold standard and their fateful choices helped push the globe into the Great Depression. The book matters for explaining how a handful of financial leaders steered nations toward economic catastrophe.
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Historical Context & Significance
Liaquat Ahamed won the 2010 Pulitzer Prize for History for this study of interwar central banking.