
Titles in This Set
1873: The First Great Depression and the Making of the Modern World
Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World
Details
Condition: Brand New
Format: Paperback
Publisher: Cornerstone
Overview
This two-book collection brings together Liaquat Ahamed's acclaimed explorations of financial catastrophe, tracing the booms and busts that reshaped the modern economy. Lords of Finance, winner of the Pulitzer Prize, examines the four central bankers whose decisions helped trigger the Great Depression of 1929. Its prequel, 1873, journeys back further to the first truly global financial panic, a crash that rippled from Vienna to Wall Street. Together, the books offer a sweeping, character-driven history of how greed, policy, and hubris have repeatedly broken the world economy.
About the Books
Liaquat Ahamed is one of the most engaging chroniclers of financial history writing today, and this set showcases both of his major works. In Lords of Finance, Ahamed tells the story of Benjamin Strong of the New York Federal Reserve, Montagu Norman of the Bank of England, Hjalmar Schacht of the Reichsbank, and Emile Moreau of the Banque de France, whose shortsighted monetary decisions set the stage for the 1929 crash and the depression that followed. The book won the Pulitzer Prize for History, praised as a masterclass in narrative nonfiction.
1873 pulls the lens back to an earlier catastrophe: the Vienna stock market collapse of May 1873, which within months dragged Wall Street and much of the industrialized world into a prolonged slump. Ahamed uses this episode, centered on the Rothschild banking dynasty and the era's gold-standard orthodoxy, to show how speculative mania and rigid monetary policy can combine to devastating effect. Billed by its author as a prequel to Lords of Finance, it extends his project of showing how financial crises are made by people, not just impersonal market forces.
Key Benefits
Book-by-Book Guide
1873: The First Great Depression and the Making of the Modern World — Chronicles the Vienna stock crash of 1873 and the Rothschild-era financial panic that spread to Wall Street and beyond.
Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World — Follows four central bankers whose policy decisions helped precipitate the 1929 crash and the Great Depression, earning the book a Pulitzer Prize.
About the Author
Liaquat Ahamed is an author and investment specialist who spent twenty-five years as a professional money manager, working at the World Bank in Washington, D.C. and with investment firms in London and New York. He holds degrees in economics from Harvard and Cambridge. His first book, Lords of Finance, won the Pulitzer Prize for History and the Financial Times and Goldman Sachs Business Book of the Year Award.
Why You'll Love This Collection
For anyone fascinated by money, power, and the mistakes that shape history, this set pairs two of the finest financial narratives in print. It's a thoughtful gift for the economics-minded reader, a business book club pick, or a rewarding holiday season read for history buffs.
Please Note: This is the UK edition with the ISBN as listed; the cover may vary slightly from the image shown.
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