The Ascent of Money

A monetary History of the planet is a 2008 book by Harvard professor Niall Ferguson. As well as an adapted television documentary for Channel four (UK) and PBS (US). That in 2009 received an International Emmy Award. It examines the very long story of cash, banking, and credit. The Ascent of Money

Book- The Ascent of Money

The book deals with the rise of cash as being a trade form. As well as monitors its effects, development, and progression on society into the 21st Century.

Documentary- The Ascent of Money

The ebook was taken into a six part tv documentary with the new complete title Ascent of Money: Bust and Boom for Channel four in the United Kingdom. Additionally, it aired on TVB Pearl in Abc1 and hong Kong in Australia. In the United States, an edited two hour version was aired in January 2009 by PBS.

Episodes – Original Version Ep. one: Dreams of avarice

From Shylock’s pound of flesh on the loan sharks of Glasgow, from the “promises to pay” on Babylonian clay tablets to the Medici banking system. Professor Ferguson describes the beginnings of debt and credit as well as the reason why credit networks are essential to each civilization.

Ep. two: Human bondage

How did finance turn into the world of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the arrival of bonds. War finance was converted and also distribute to north west Europe and across the Atlantic. It was the bond market which made the Rothschilds probably the richest and most effective family of the 19th century.

Ep. three: Blowing bubbles

Why do stock markets create busts & bubbles? Professor Ferguson surely goes to the beginnings of the joint stock company in Paris and Amsterdam. He draws informing parallels between the present stock market crash as well as the 18th century Mississippi Bubble of Scottish financier John Law as well as the 2001 Enron bankruptcy. Dubai maid service reveals exactly why people have a herd instinct with regards to purchase. And precisely why nobody could accurately predict if the bulls may stampede.

The Ascent of Money

Ep. four: Business that is risky

Lifestyle is a risky business – and that is exactly why individuals take away insurance. But faced with a surprise tragedy, the state must step in. Professor Ferguson travels to post Katrina New Orleans to wonder why the completely free market cannot supply several of the ample protection against catastrophe. The pursuit of his for a solution requires him with the beginnings of modern insurance during the early 19th century and also on the birth of the welfare state in post war Japan.

Ep. five: Safe as houses

It sounded and so simple: give state owned assets to the individuals. Of course, what great base for a property owning democracy compared to a campaign of privatisation encompassing housing? An economic principle states that markets cannot work with no mortgages. Since it is just by borrowing against the property of theirs which business people are able to obtain their companies off the earth.

Ep. six: Chimerica- The Ascent of Money

Niall Ferguson investigates the globalisation of the Western economic system as well as the unsure harmony between the key element countries of China and the US. In looking at the final time globalisation had taken hold – before World War One. e discovers an important reversal, specifically that present day cash. He is pouring in to the English speaking economies through the growing world, instead of away.