The Ascent of Money: A Financial History of the World by Niall FergusonNiall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it’s the sinews of war. To revolutionaries, it’s the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What’s more, he reveals financial history as the essential backstory behind all history. With the clarity and verve for which he is known, Ferguson elucidates key financial institutions and concepts by showing where they came from. What is money? What do banks do? What’s the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do? This is history for the present. Ferguson travels to post-Katrina New Orleans to ask why the free market can’t provide adequate protection against catastrophe. He delves into the origins of the subprime mortgage crisis.
Literature Review: The Ascent of Money: A Financial History of the World, Niall Ferguson
The extraordinary events in the financial markets during the past few months — and their aftermath as taxpayers pick up some meaty bills — will have reminded us of the fragility of our banking system. Queues outside Northern Rock as people sought to get their money out? It was not just a case of banks going to the wall or needing to be rescued. One entire country, albeit a small one, defaulted on its debts. It was to most people an unprecedented financial earthquake, something that hadn't happened since the banking failures of the early s. We accept that there seems to be an economic cycle, with its swings from booms to, if not busts, at least periods of much slower growth. But this?
Ferguson writes and speaks about international history , economic and financial history and British and American imperialism. Ferguson has been a contributing editor for Bloomberg Television  and a columnist for Newsweek. He was an advisor to John McCain 's U. Ferguson has written and presented numerous television documentary series, including The Ascent of Money , which won an International Emmy award for Best Documentary in Ferguson cites his father as instilling in him a strong sense of self-discipline and of the moral value of work, while his mother encouraged his creative side. Ferguson received a demyship highest scholarship at Magdalen College, Oxford. He graduated with a first-class honours degree in history in
Do you want to remove all your recent searches? For You Explore. All recent searches will be deleted. Cancel Remove. Watch fullscreen.
downloads Views 5MB Size Report. This content was uploaded by our users and we assume good faith they have the permission to share this book.
empire hardt and negri sparknotes
Browse more videos
Bread, cash, dosh, dough, loot. Call if what you like, it matters now more than ever. In The Ascent of Money , Niall Ferguson shows that financial history is the back-story to all history. From the banking dynasty who funded the Italian Renaissance to the stock market bubble that caused the French Revolution, this is the story of booms and busts as it's never been told before. With the world in the grip of the biggest financial crisis since the Great Depression, there's never been a better time to understand the ascent - and descent - of money.