by Niall Ferguson
The Ascent of Money traces the evolution of money, credit, and financial markets from ancient civilizations to modern times.
Ferguson explores how financial innovation, from the development of bonds to the stock market, has driven global growth and shaped economies.
He discusses the role of banking, insurance, and currency, and how these instruments have enabled societies to expand, though sometimes leading to financial crises.
Through historical examples, Ferguson demonstrates how financial systems have a significant impact on empires, wars, and social structures.
The book provides valuable historical context, making complex financial systems accessible to readers.
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