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Cover of Lords of Finance: The Bankers Who Broke the World by Liaquat AhamedLords of Finance: The Bankers Who Broke the World
Modern · Nonfiction, Business, Biography

Lords of Finance: The Bankers Who Broke the World

by Liaquat Ahamed
2009 · 564 pages · Nonfiction
Critics' pick
≈ 14 hours to read · about 4 weeks at 30 minutes a day

What it's about

After the First World War, four central bankers, in London, New York, Paris and Berlin, tried to rebuild the world economy by returning to the gold standard. Liaquat Ahamed tells their story, their personalities, their friendships and their blunders, and how their decisions helped bring about the crash of 1929 and the Great Depression.

Why it's worth reading

It won the Pulitzer Prize for history. It makes economic history read like a character drama, and its lessons felt urgent after the 2008 financial crisis.

You'll love it if you liked

Good to know

It explains the economics clearly, but some chapters are still technical.

By the numbers

74.5Must-Read Score
  • Readers50 out of 100 · counts 42%
  • Critics72 out of 100 · counts 34% (its stronger lane)
  • Bestseller28 out of 100 · counts 14%
  • Buzz0 out of 100 · counts 10%

Critics and Bestseller are two ways to earn a place: a book's stronger one counts more. Buzz rewards recent bestseller weeks and prizes, so older books start at zero. The parts combine into the Must-Read Score, shown on a scale where the best book we found scores 99 and the last book to make the ranking scores 50.

Where it ranks

Why it made the list

Won
Pulitzer Prize (History) winner (2010)
Shortlisted
Baillie Gifford Prize finalist (2009)

Reads as

True story

How we rank

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Explore the best-of lists

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Quick answers

Is Lords of Finance: The Bankers Who Broke the World worth reading?

Yes. It won the Pulitzer Prize for history. It ranks #843 of the 2,816 books in our ranking, with a Must-Read Score of 74.5 (the best book we found scores 99).

What is Lords of Finance: The Bankers Who Broke the World about?

After the First World War, four central bankers, in London, New York, Paris and Berlin, tried to rebuild the world economy by returning to the gold standard. Liaquat Ahamed tells their story, their personalities, their friendships and their blunders, and how their decisions helped bring about the crash of 1929 and the Great Depression.

How long does it take to read Lords of Finance: The Bankers Who Broke the World?

About 14 hours (564 pages), or about 4 weeks at 30 minutes a day.

What awards has Lords of Finance: The Bankers Who Broke the World won?

Pulitzer Prize (History) winner (2010).

What should I read after Lords of Finance: The Bankers Who Broke the World?

If you liked it, try Paris 1919: Six Months That Changed the World by Margaret MacMillan, The Guns of August by Barbara W. Tuchman or The Worst Hard Time by Timothy Egan.