Buy Used
Condition: Used: Like New
Comment: Signed by author. Eligible for FREE Super Saver Shipping! Fast Amazon shipping plus a hassle free return policy mean your satisfaction is guaranteed.
Access codes and supplements are not guaranteed with used items.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

Banking on Baghdad: Inside Iraq's 7,000-Year History of War, Profit, and Conflict Hardcover – October 4, 2004

ISBN-13: 072-3812687800 ISBN-10: 047167186X Edition: 1st

Price: $4.00
20 New from $2.97 55 Used from $0.01 8 Collectible from $3.89
Amazon Price New from Used from
Hardcover, October 4, 2004
$2.97 $0.01
Free Two-Day Shipping for College Students with Amazon Student Free%20Two-Day%20Shipping%20for%20College%20Students%20with%20Amazon%20Student

The Calendar of Loss by Dagmawi Woubshet
The Calendar of Loss by Dagmawi Woubshet
This innovative and moving study illuminates how AIDS mourners—particularly in 1980s Ethiopia—grappled with the death of lovers and friends. Learn more | See similar books

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Hardcover: 504 pages
  • Publisher: John Wiley & Sons Inc.; 1 edition (October 4, 2004)
  • Language: English
  • ISBN-10: 047167186X
  • ISBN-13: 978-0471671862
  • Product Dimensions: 6.3 x 1.3 x 9.4 inches
  • Shipping Weight: 1.8 pounds
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (21 customer reviews)
  • Amazon Best Sellers Rank: #863,298 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

In emphasizing the symbiosis of oil profits and Western imperialism in the making of modern Iraq, Black (IBM and the Holocaust) and a team of 30 researchers (whom he credits) have unearthed a wealth of historical detail, but not a satisfying framework for it. Temporal balance is also missing: the book's first 6,500 years pass in a 42-page montage of conquest and massacre, with the narrative slowing to a snail's pace during the late Ottoman and British Mandate periods to explore the interminable wranglings among Western oil companies, European governments and entrepreneur C.S. Gulbenkian over Iraqi oil concessions in the first half of the 20th century. Accounts of the Sunni-Shiite schism and the modern recrudescence of Iraqi anti-Semitism are thrown into the mix, but one gets little sense of how all these elements determine the social, economic and political turmoil of contemporary Iraq, especially since the crucial Saddam era flits by in just six disjointed pages. In the end, Black does little more with a lot of undeniably fascinating material than to invoke the "unstoppable repetition" of despotic government and violent exploitation, but his corporate-historical gleanings are more than enough to carry the book.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.


“…worth reading” (Chartest, No.2/3, March – April 2005)

“…builds up a compulsion to study the often wretched history steeped in greed, cruelty and corruption, that has dominated this part of the world for thousands of years.” (City to Cities, No.32, April – May 2005)

Black's work should not be taken to the bank. While purporting to be a 7000-year history of Iraq with related economic implications, it ends up being a work of invective and innuendo, sloppy history, and hyperventilating prose regarding the West's relationship to Iraqi oil over the past 100 years. For example, Black has Britain's King Edward VII signing an oil treaty in 1914, four years after his death. Or he mistakenly devalues the military significance of Lawrence of Arabia in Allenby's campaign to practically nothing when, indeed, Lawrence was first into Damascus. However, Black's pejorative and high-energy language and lack of thoughtful interpretation will make this study highly entertaining reading for less thoughtful readers. Black is an investigative reporter with three similar works (e.g., War Against the Weak) and a novel to his credit. On the history of the Middle East, however, the discerning reader will be better off with the studies of Bernard Lewis or Albert Hourani. Recommended only for public and academic libraries collecting extensively in this area. —John F. Riddick, Central Michigan Univ. Lib., Mt. Pleasant (Library Journal, November 1, 2004)

“…Black succeeds admirably in covering 7,000 years of history…” (Lloyds List International, 26 November 2004)

Many Americans don't understand what they're currently up against. Al Qaeda has often been depicted as the superpower of terrorist and jihadist networks, commanding the allegiance of jihadist groups throughout the world and influencing global terrorist operations through a steady flow of money and recruits. In fact, al Qaeda has become a relatively small operational component of a violent, global movement bent on waging holy war.
This jihadist movement, at the risk of oversimplification, can best be described as four concentric circles. The inner circle consists of the core of the al Qaeda organization, which now largely serves a symbolic, spiritual and ideological role in the greater jihadist movement. The second circle consists of active members and devotees of numerous jihadist groups that are often called "al Qaeda-related." The denizens of the second circle tend to be even more radical and dangerous than their inner-circle colleagues. The third circle consists of those who believe in the jihadist cause or identify with parts of its ideology; they may provide moral support, and some might offer a jihadist group logistical or financial help. The outer circle is the wider Islamic world. While the core of the jihadist movement consists of devoted terrorists, they depend on the less ideologically hardened "outer" circles of sympathizers, which the inner core targets for recruitment and fundraising efforts.
The jihadist threat is uniquely dangerous because it has become simultaneously more decentralized and more radical since Sept. 11. Never before have we faced a threat whose leaders enjoy so much financial and operational independence. Nor have we ever faced a threat whose "membership" can fluctuate daily and whose recruitment rate increases as the United States stages large-scale military and intelligence operations to eliminate them.
Americans also often don't quite grasp how dangerous the Iraq misadventure is. One key to the overall U.S. response to the jihadist threat is understanding how U.S. actions affecting one of these four concentric circles affects the others. Supporting a democratically illegitimate government in Iraq or conducting counterinsurgency operations there that kill significant numbers of civilians may eliminate many al Qaeda members -- but also generate sympathy for al Qaeda and jihadists throughout the Muslim world. That could draw members from the outer circles to the inner ones, giving terrorist operatives better logistical resources, fresh recruits and more money. The lines between the outer and inner circles are also the frontlines of the war of ideas, and the United States needs to pay close attention to how its actions affect the movement among them.
The hard reality is that the U.S. presence in Iraq makes it extraordinarily difficult for Washington to contribute successfully to the battle of ideas within the Islamic world. We are also clearly losing that same battle within Iraq. Popular support for the Iraqi insurgency is increasing not only inside Iraq, but also in the greater Arab world. As the United States fiercely fights insurgents in Iraq's Sunni triangle, it is missing the forest for the trees -- winning tactical victories in Iraq while rapidly losing the global war of ideas.
Noah Feldman, a law professor at New York University and a former senior constitutional adviser to the Coalitional Provisional Authority (CPA), provides a cogent analysis of U.S. efforts in Iraq in What We Owe Iraq. Feldman details the behind-the-scenes power politics of the U.S. occupation and delivers a persuasive appeal for a more grassroots approach to nation building -- that is, an approach seen by most Iraqis as legitimized by local input. He argues that nation-building can be an effective long-term strategy to fight terrorism if its purpose is to create stable democracies. Feldman surmises, correctly, that terrorism festers not only in weak states but also in strong but undemocratic ones such as Saudi Arabia and Egypt.
Feldman's approach offers preventive medicine against insurgency and terrorism as well as a practical strategy for a longer-term global war of ideas. He recognizes that nation-building efforts stained by what is seen as illegitimate governance will be counterproductive. Every day that force is exercised "illegitimately" means many more days spent fighting to gain the ethical high ground. This is not a defeatist's calculus; it's an acknowledgment that successful nation-building requires the consent of the governed. Furthermore, it recommends a strategy that seeks to reduce anti-Americanism in the Middle East. Some may criticize this strategy, arguing that nation-building and the global war on terrorism are too important to be bounded by complaints from Muslim nations. The reality, however, is that the global jihadist movement feeds on the fruits of popular anti-Americanism, anti-Westernism and perceived oppression at the hand of illegitimate governments backed by Washington.
Unfortunately, the nation-building effort Feldman describes in Iraq has not made it a priority to win hearts and minds. He details the absence of any overall plan, coupled with the "shamefully, shockingly low" number of Americans in the CPA who spoke Arabic. He portrays a military whose operations in Fallujah alienated Sunnis who lost relatives in the fighting, had their homes invaded by American soldiers and were searched at daily checkpoints.
Feldman also describes the United States' biggest blunder in the nation-building effort: the failure to send enough troops to ensure public security after the invasion. He argues that the resultant chaos forced citizens to find safety within traditional religious groupings, which in turn provided the initial fodder for the current prolonged insurgency. Feldman's book is insightful, accessible and highly recommended for policymakers and readers interested in understanding the opportunities and hazards that will confront America as the world's foremost nation-builder.
Edwin Black's Banking on Baghdad underlines Iraq's long history of exploitation by Western powers and powerful corporations struggling for advantage and domination. His impressive analysis, which included looking at more than 50,000 original documents and hundreds of scholarly books and articles, provides a comprehensive history of Iraq that explains why the West's record in the region so complicates nation-building there today. Black writes that popular sentiment in Iraq in the post-World War II era is most aptly characterized by "resentment over foreign interference, anti-Zionism, and churning nationalism . . . fused into a rage against the West." Clearly, the West's imperial legacy in Iraq has placed the United States at a major disadvantage in the war of ideas in the Middle East. America's poor understanding of Iraq's history only makes matters worse. "Most Americans had never heard of Najaf," the great center of Shiite pilgrimage, Black points out, "and barely knew the difference between Shiites and Sunnis." In one foreboding anecdote, he describes the British effort after World War I to bring Iraq under British colonial control, with limited sovereignty, using "40 handpicked representatives," all of whom were expected to support the British agenda. After Iraqi protests went unheard, the British soon had a protracted, nationwide insurgency on their hands.
Black recounts numerous incidents of exploitation in intricate detail; his analysis of how Iraq's oil has greased the treads of war throughout modern history is particularly noteworthy. He writes that Iraqi crude fueled the tanks, warships, submarines and airplanes that helped fight for ultimate control of Iraqi territory during World War II. Well into the Cold War, Iraq remained a strategic outpost, even as its people remained "largely destitute, significantly unemployed, and detached en masse from the nation's oil wealth." Black's book is thoughtful and meticulous, though many readers may find the breadth of analysis too ambitious and, at just fewer than 500 pages, a bit tedious at points. His analysis, nevertheless, highlights the deficit of legitimacy the United States faces in Iraq and the wider Middle East.
Since so few Arabs will seriously listen to arguments about democracy from the U.S. government, the war of ideas will have to be fought by nongovernmental organizations, governments other than the U.S. administration, and friendly leaders in the Islamic world. Washington could, however, play a role in st...

Customer Reviews

I am less bewildered since I read the book.
William T. Mckenzie
This is a well researched, fascinating historical summary of the history of Mesapotamia, particularly Iraq.
Avid One
A must read for anyone wanting to understand the bigger picture of Iraq.
R. Price

Most Helpful Customer Reviews

10 of 12 people found the following review helpful By Avid One on January 16, 2005
Format: Hardcover
This is a well researched, fascinating historical summary of the history of Mesapotamia, particularly Iraq. Edwin Black traces the internal and external influences on the region for the past 7,000 years. Those influences include imperialists, dynasties, geography, wealth, Islam, Christianity, holy men, holy warriors, fratricide, homicide, despots, slavery, conquerors, traitors, treaties, agreements, broken promises, barbarism, savagery, Sunnis, Shias, local politics, international politics, intrigue, war, profit, oil, financiers and much more. Baghdad's history has affected everyone. The weave runs through the likes of the Mongols, Muhammad, Lawrence of Arabia and Churchill, from Constantinople to Hitler, right down to the U. S. infantry soldier on the ground there today.

Black has taken on a project of epic proportions. In the book's introduction he confesses that a complete study of Iraq history would fill volumes and volumes. While he has tried to reduce the vast data to a readable portion, he hopes that you are spurred to your own investigation and study if so inclined. Nevertheless, you will be appropriately dazzled by the exhaustive research done by Black's world wide teams. The unprecedented access to private, university and governmental archives bestows Black's study with a unique, meticulous, scrupulous originality and veracity.

Clearly, oil has dictated the steps of Iraq in the modern era. Black makes that point convincing, not partisan. It is an obscure, murky trail that he follows and in the middle of the book Black bogs down in too much detail about the oil business, fraught with broken political and economic agreements. Particularly when he traces the involvement of shadowy C. S. Gulbenkian in the discovery and development of Iraq's vast oil deposits.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
16 of 20 people found the following review helpful By Lauder on November 11, 2004
Format: Hardcover
How is it possible that the full story about Iraq has never been presented as it finally has been in this extraordinary book. Clearly, Mr. Black has conducted exhaustive research within the oil company archives and governmental records, revealing the real reason we have been in Iraq for 90 years--and that is: oil. The Red Line Agreement printed on the inside front cover is reason enough to purchase this compelling book, which I admit, I could not put down. Banking on Baghdad connected all the dots for me, and the picture was not pretty.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
12 of 15 people found the following review helpful By Declan Trott on May 22, 2008
Format: Paperback
Banking on Baghdad claims to tell the story of Iraq for the last 7000 years.

It is very light on the first 6900 and the last 50. Over 99% of recorded history is reduced to meaningless cliche laced with pointless adjectives and adverbs - "the inherent prize of greater Mesopotamia essentially powered all the death and destruction that wracked the land" - and mind numbing repetition - "Mesopotamia never recovered from the Mongols. Never. Its civilisation had been robbed for the last time. This time it was permanent. After Hugalu, Mesopotamia descended into an age of desolation."

The book begins and ends with the US invasion of 2003 as experienced by a Lieutenant Colonel Hughes. Hughes is an orphan, in that he has no discernable relationship to anything or anyone else mentioned by the author.

The real focus is on the period from the late 19th century to the end of WW2, when the oil industry was getting off the ground and the Great Powers were jostling for position. And it is a great story - the British, French, and Germans all jockeying for position as the Ottoman Empire falls apart, and "Mr 5%" Calouste Gulbenkian getting a piece of the action no matter who ends up on top.

Especially interesting is the quick shift from Ottoman imperialism and the resented policy of "Turkification" of the Arab population, to British imperialism and a policy of "Indianization" (rule by the Indian Civil Service and plans to repopulate the region with Muslims from India). Thus many Iraqis rapidly switched from supporting the British in WW1 to the Germans in WW2.

Even in this period, though, Black makes some disturbing errors. Greece and Serbia were not Ottoman territories during the Balkan Wars, and Asquith was not British Prime Minister in 1918.
Read more ›
2 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
12 of 15 people found the following review helpful By David Arnold on September 29, 2004
Format: Hardcover
Iraq's present is a painful recapitulation of its past. Certainly it is history not forgotten but repeated none-the-less in sweeping rehearsals across 7,000 years. Edwin Black brings people to life with crisp reality, from our goose bump inspiring contemporaries struggling to keep the peace, like Lt. Col. Chris Hughes, to Genghis Khan, whose only interest was retaliation and retribution which he meted out with gruesome methodical dispatch. Iraq's history is that not only of those who began life there, but often of others who sometimes accidentally and sometimes deliberately became entangled there--sometimes as a cross roads and sometimes as a destination. Award winning author Edwin Black brings an exacting demand for verified and original source materials -- indisputable facts -- together with the richness, complexity and idiosyncrasies of the major players into a comprehensible and well founded look at what it is that we are doing in Iraq today, within a 7,000 year understanding. Both the scope and detail combined to make this a very special experience. What better way to prepare for thoughtful consideration of our nation's future relations and role in Iraq?
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Most Recent Customer Reviews

More About the Author

Edwin Black is the award-winning, New York Times and international investigative author of 120 bestselling editions in 14 languages in 61 countries, as well as scores of newspaper and magazine articles in the leading publications of the United States, Europe and Israel. With more than a million books in print, his work focuses on human rights, genocide and hate, corporate criminality and corruption, governmental misconduct, academic fraud, philanthropy abuse, oil addiction, alternative energy and historical investigation. Editors have submitted Black's work nine times for Pulitzer Prize nomination, and in recent years he has been the recipient of a series of top editorial awards. He has also contributed to a number of anthologies worldwide. For his work, Black has been interviewed on hundreds of network broadcasts from Oprah, the Today Show, CNN Wolf Blitzer Reports and NBC Dateline in the US to the leading networks of Europe and Latin American. His works have been the subject of numerous documentaries, here and abroad. All of his books have been optioned by Hollywood for film, with three in active production. His latest film is the screen adaptation War Against the Weak, based on his book of the same name. Black's speaking tours include hundreds of events in dozens of cities each year, appearing at prestigious venues from the Library of Congress in Washington to the Simon Wiesenthal Institute in Los Angeles in America, and in Europe from London's British War Museum and Amsterdam's Institute for War Documentation to Munich's Carl Orff Hall. He is the editor of The Cutting Edge News, which receives more than 1.5 million visits monthly.

Black's eleven award-winning bestselling books are IBM and the Holocaust (2001 & 2012), Financing the Flames (2013), British Petroleum and the Redline Agreement (2011), The Farhud (2010), Nazi Nexus (2009), The Plan (2008), Internal Combustion (2006), Banking on Baghdad (2004), War Against the Weak (2003 and 2012), The Transfer Agreement (1984 and 2009), and a 1999 novel, Format C:. His enterprise and investigative writings have appeared in scores of newspapers from the Washington Post, Los Angeles Times and Chicago Tribune to the Sunday Times of London, Frankfurter Zeitung and the Jerusalem Post, as well as scores of magazines as diverse as Playboy, Sports Illustrated, Reform Judaism, Der Spiegel, L'Express, BusinessWeek and American Bar Association Journal. Black's articles are syndicated worldwide by Los Angeles Times Syndicate International, Los Angeles Times-Washington Post Syndicate, JTA and Feature Group News Service.