A Look at the 1920s Global Economic Collapse and Key Lessons for Today

Liaquat Ahamed talks about his book Lords of Finance: The Bankers Who Broke the World. He reveals history through biography--the lives of four central bankers whose decisions precipitated the Great Depression and led to World War II. Key topics include the gold standard, financial "bubbles," the role of tariffs (Smoot-Hawley Act), lessons for today, and Ahamed's new book coming out soon that is a prequel to Lords of Finance. This book was awarded the 2010 Pulitzer Prize for History.