Lords of Finance II

January 11, 2010

Finished Lords of Finance over the Xmas break, and strongly recommend to any interested in financial history. The author concludes by summarising the causes of the Great Depression as four distinct crises: the German contraction in 1928, the Great Crash of 29, the US banking panics of 31-33 and the European financial crisis of 31. He compares these four to the Mexican peso crisis of 94, the dotcom crash in 2000, the recent credit crunch and the 97/8 Asian currency and Russian default crisis. Compelling stuff…

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