Stream Your Event | Partners | Speakers CART ITEMS: - | CHECKOUT

or Log In

(recommended)

Share your favorite videos with friends
Comment on videos and join the conversation
Get personalized recommendations
Enjoy exclusive offers

Purchased a FORA.tv video on another website? Login here with the temporary account credentials included in your receipt.

Username or Email:
Password:
Forgot your password? Keep me logged in

Pay-Per-View
business
environment
politics
science
technology
culture

Preview

Liaquat Ahamed: Learning From the Great Depression

Watch Full Video | previews

The American Academy in Berlin

Likes

Dislikes

RATE

15,059 Views

Info
Bio
Chapters
Preview
Download
Zoom In

Partner:: American Academy in Berlin
Location:: The American Acadedy in Berlin
Berlin
Event Date:: 10.13.09
Speaker:: Liaquat Ahamed
Tags:

Summary: The author of The Lords of Finance: The Bankers Who Broke the World, Liaquat Ahamed, was at the Academy as a David Rubenstein Distinguished Visitor on October 13 for a lecture on "Lessons from the Great Depression."

Ahamed, an investment manager and author, spoke to insights the Great Depression can lend in light of the recent economic turndown, the forces that cause global financial crises generally, and the necessary changes in the domestic regulatory structure (and the global financial system) that must be implemented to avoid a repeat of the cataclysm.

In The Lords of Finance Ahamed stresses that blanket blame for the Great Depression is not, like now, so easy to assign; even the most highly trained economists could not predict the disaster. The echoes are eerily familiar.

Bio

Liaquat Ahamed

Liaquat Ahamed is an investment manager and author of the best seller Lords of Finance: The Bankers Who Broke the World, about the lead-up to the Great Depression. The book won the 2010 Pulitzer Prize for History, the Council on Foreign Relations Arthur Ross Gold Medal for 2010, the 2009 Financial Times-Goldman Sachs Best Business Book of the Year, and was selected by The New York Times and TIME magazine as one of their top ten books of 2009.

Ahamed has been a professional investment manager for 25 years; he has worked at the World Bank and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive. He is currently an adviser to several hedge fund groups including the Rock Creek Group and the Rohatyn Group; he is a director of Aspen Insurance Co., and serves on the boards of trustees of the Brookings Institution and the New America Foundation.

Chapters

: Watch Full Program

01 hr 25 min 20 sec

Add to Profile
01.: Financial Crises Are Nothing New

04 min 57 sec

Add to Profile
02.: Montagu Norman

02 min 25 sec

Add to Profile
03.: Benjamin Strong

04 min 13 sec

Add to Profile
04.: Hjalmar Schacht

04 min 15 sec

Add to Profile
05.: Emile Moreau

03 min 14 sec

Add to Profile
06.: Similarities in Lead Up to Great Depression and Current Crisis

06 min 10 sec

Add to Profile
07.: Runs on Banks After Bubbles Burst

05 min 21 sec

Add to Profile
08.: Different Responses to Crisis

03 min 32 sec

Add to Profile
09.: Lessons from 1930s Recovery

07 min 09 sec

Add to Profile
10.: Now Sailing in Uncharted Territory

03 min 32 sec

Add to Profile
11.: Point of View of Gold Standard Believers

03 min 22 sec

Add to Profile
12.: Size of Stimulus and Declining Dollar Value

05 min 20 sec

Add to Profile
13.: Outlaw Shadow Banking

04 min 28 sec

Add to Profile
14.: Dogmatic Economic Beliefs

09 min 36 sec

Add to Profile
15.: Prescient Timing of Book

03 min 14 sec

Add to Profile
16.: Consequences for Bond Holders

03 min 54 sec

Add to Profile
17.: Regulations to Avoid Bubbles

04 min 20 sec

Add to Profile
18.: Implications for Democracy

06 min 12 sec

Add to Profile
: Watch Full Program

01 hr 25 min 20 sec

Add to Profile

Liaquat Ahamed Pushes to Regulate Shadow Banks

02 min 22 sec

Add to Profile

Professional investment manager Liaquat Ahamed argues that banking regulations should apply to all forms of money markets, in particular "shadow banks."

Addressing the problem of derivatives, Ahamed suggests a simple cure to protect banks against the contagion impact.
Can Strict Capital Requirements Secure Financial Markets?

03 min 21 sec

Add to Profile

Liaquat Ahamed outlines a tentative solution to "make the world of finance safe."

Due to the difficulties of regulating finance, especially between countries, Ahamed believes the only possible solution centers around doubling capital adequacy requirements.
Watch Full Program

01 hr 25 min 20 sec

Add to Profile

Save this program for later

To download this program become a Front Row member. JOIN NOW >>

Audio (mp3)
49 MB 12 min
Video (mp4)
229 MB 56 min

Select your connection speed to see approximate download times:

To download this program
become a Front Row member.

NO ADS + DOWNLOADS

ZOOM IN: Learn more with related books and additional materials.

Encyclopædia Britannica Article

Great Depression: Longest and most severe economic depression ever experienced by the Western world. It began in the U.S. soon after the New York Stock Market Crash of 1929 and lasted until about 1939. By late 1932 stock values had dropped to about 20% of their previous value, and by 1933 11,000 of the U.S.'s 25,000 banks had failed. These and other conditions, worsened by monetary policy mistakes and adherence to the gold standard, led to much-reduced levels of demand and hence of production, resulting in high unemployment (by 1932, 25–30%). Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain. Isolationism spread as nations sought to protect domestic production by imposing tariffs and quotas, ultimately reducing the value of international trade by more than half by 1932. The Great Depression contributed to political upheaval. It led to the election of U.S. Pres. Franklin Roosevelt, who introduced major changes in the structure of the U.S. economy through his New Deal. The Depression also advanced Adolf Hitler's rise to power in Germany in 1933 and fomented political extremism in other countries. Before the Great Depression, governments relied on impersonal market forces to achieve economic correction; afterward, government action came to assume a principal role in ensuring economic stability.; Great Depression on britannica.com