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The Ascent of Money: A Financial History of The World __by Niall Ferguson
You Tube/ BBC ^ | 07 November 2011 | Niall Ferguson

Posted on 08/22/2012 8:54:43 AM PDT by Lorianne

Niall 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.

http://www.niallferguson.com

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.

Through Ferguson's expert lens familiar historical landmarks appear in a new and sharper financial focus. Suddenly, the civilization of the Renaissance looks very different: a boom in the market for art and architecture made possible when Italian bankers adopted Arabic mathematics. The rise of the Dutch republic is reinterpreted as the triumph of the world's first modern bond market over insolvent Habsburg absolutism. And the origins of the French Revolution are traced back to a stock market bubble caused by a convicted Scot murderer.

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.

Perhaps most important, The Ascent of Money documents how a new financial revolution is propelling the world's biggest countries, India and China, from poverty to wealth in the space of a single generation—an economic transformation unprecedented in human history.

Yet the central lesson of the financial history is that sooner or later every bubble bursts—sooner or later the bearish sellers outnumber the bullish buyers, sooner or later greed flips into fear. And that's why, whether you're scraping by or rolling in it, there's never been a better time to understand the ascent of money.


TOPICS: Business/Economy; History; Miscellaneous
KEYWORDS: economy; finance; money
4 hours, well worth the time.

Epidodes 1-5 (Full Documentary)

1 posted on 08/22/2012 8:54:54 AM PDT by Lorianne
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To: Lorianne

But does he go easy on the Rothschild, Rockefeller, etc. central bank complex and its ties to the worst of the world’s tyrants?


2 posted on 08/22/2012 8:59:18 AM PDT by Eye of Newt (What life, what liberty do Americans have, without sovereignty?)
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To: Lorianne

The origins of the world trading system is one of the themes of Neal Stephenson’s Baroque Cycle.


3 posted on 08/22/2012 9:11:28 AM PDT by DManA
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To: Lorianne

bookmark


4 posted on 08/22/2012 9:12:22 AM PDT by GOP Poet
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To: Eye of Newt

Does he go into the destruction of wealth by the creation of the Fed in 1913, the introduction of fiat currency in place of a gold or silver standard? I doubt it.


5 posted on 08/22/2012 9:25:03 AM PDT by Rich21IE
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To: Lorianne

Home viewing bookmark.


6 posted on 08/22/2012 9:29:55 AM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: Lorianne

Bookmark


7 posted on 08/22/2012 10:34:08 AM PDT by penelopesire (TIME FOR A SPECIAL PROSECUTOR!)
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To: Lorianne

Thanks for posting . . .after viewing just 2 of the 5 episodes, I can say it is entertaining as well as informative. Detailing this journey in the context of following the time line clarifies some untoward characterizations absorbed by society over time.
BTW . . .The narrator of this video series, Niall Ferguson is also author of the recent controversial Newsweek cover/featured article titled, “Hit the Road, Barack - Why we need a new president”. He also recently married and fathered a child with Ayaan Hirsi Ali.


8 posted on 08/22/2012 10:35:34 AM PDT by wtd
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To: wtd

Thank you! I didn’t know about his marriage to Ayaan Hirsi Ali


9 posted on 08/22/2012 10:41:23 AM PDT by Lorianne (fedgov, taxporkmoney)
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