![]() Niall Ferguson explains how someone's bright idea to bundle together a bunch of sub-prime mortgages and sell them on, virtually brought down the world's financial markets. Niall Ferguson looks at the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan. This episode looks at the origins of the joint stock company in Amsterdam and Paris, and shows why stock markets produce bubbles and busts. This episode examines the history of the bond market from the rise of the bond market in Renaissance Italy to today. Niall Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization. Great historical phenomenon - empires and republics, wars and revolutions - there lies a financial secret. Niall Ferguson examines the origins of the pillars of the world's financial system, and how behind every Money can break us? Or it can make us? Throughout the series, Bread, cash, dosh, dough, loot, lucre:Ĭall it what you like, it matters. The Financial History of the World by Niall Ferguson. The series is based on the book The Ascent of Money: ![]() Long history of money, credit, and banking. ![]() The Ascent of Money is a six-part documentary series presented by Niall Ferguson, examining the ![]()
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