MARC Record from marc_overdrive

LEADER: 03708nam 2200277Ka 4500
008 000000s2009 nyu s 000 0 eng d
040 $aTEFOD$cTEFOD
006 m d
007 cr cn---------
020 $a9781440697920 (electronic bk. : Adobe Digital Editions)
020 $a9781440697968 (electronic bk. : Adobe Digital Editions)
020 $a9781440697951 (electronic bk. : Mobipocket Reader)
037 $bOverDrive, Inc.$nhttp://www.overdrive.com
100 1 $aAhamed, Liaquat $q(Liaquat Ahamed).
245 10 $aLords of Finance$h[electronic resource].
260 $aNew York :$bPenguin USA, Inc.,$c2009.
500 $aTitle from eBook information screen.
520 $aWith penetrating insights for today, this vital history of the world economic collapse of the late 1920s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth centuryIt 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 taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades.In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Emile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose facade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear ́that the greatest threat to capitalism was inflation ́ and by a common vision that the solution was to turn back the clock and return the world to the gold standard.For a brief period in the mid-1920s they appeared to have succeeded. The world's currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression.As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Offering a new understanding of the global nature of financial crises, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, of their fallibility, and of the terrible human consequences that can result when they are wrong.
533 $aElectronic reproduction.$bNew York :$cPenguin USA, Inc.,$d2009.$nRequires Adobe Digital Editions (file size: 2068 KB) or Adobe Digital Editions (file size: 1350 KB) or Mobipocket Reader (file size: 1485 KB).
538 $aRequires Adobe Digital Editions (file size: 2068 KB) or Adobe Digital Editions (file size: 1350 KB) or Mobipocket Reader (file size: 1485 KB).
653 #0 $aBusiness
653 #0 $aNonfiction
655 7 $aElectronic books.$2local
776 1 $cOriginal$z9781594201820
856 4 $uhttp://search.overdrive.com/SearchResults.aspx?ReserveID={EB8DD8A7-1F6C-478D-8374-088527C84092}$zClick for library availability
856 4 $3Image$uhttp://images.contentreserve.com/ImageType-100/1523-1/{EB8DD8A7-1F6C-478D-8374-088527C84092}Img100.jpg