It also discusses the beginning of lending, or credit, and finally moving on to the foundational pieces of modern banking through the story of the Bank of England in the 19th century.Ĭhapter two discusses the bond market, focusing primarily on Italy during the Renaissance and their increased usage of the bond market, as well as the development of the Rothschild family's wealth in the 19th century.Ĭhapter three focuses on the stock market and the occurrence of bubbles. Each chapter covers a different aspect of the financial system.Ĭhapter one depicts the journey of Francisco Pizarro, a Spanish explorer, as an example of the establishment of gold and silver being used as currency. In total there are six chapters covering various financial events along with an introduction and an afterword note included at the end.
It also covers the importance of financial systems and the role they have played throughout historical events. The book deals with the rise of money as a trade form, and tracks its progression, development, and effects on society into the 21st Century. It examines the long history of money, credit, and banking. The Ascent of Money: A Financial History of the World is a 2008 book by then- Harvard professor Niall Ferguson, and an adapted television documentary for Channel 4 (UK) and PBS (US), which in 2009 won an International Emmy Award.
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