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Ascent of Money: A Financial History of the World: 10th Anniversary Edition

The Ascent of Money: A Financial History of the World: 10th Anniversary Edition

By Niall Ferguson

Ferguson tells the human story behind the evolution of money, from its origins in ancient Mesopotamia to the latest Wall Street upheavals. The author shows that finance is, in fact, the foundation of human progress.

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Book Information

Publisher: Penguin Books
Publish Date: 10/01/2009
Pages: 496
ISBN-13: 9780143116172
ISBN-10: 0143116177
Language: English

What We're Saying

August 10, 2010

High Financier

Book Review by Porchlight

Niall Ferguson writes big books about really big topics—The War of the World: Twentieth-Century Conflict and the Descent of the West, The Ascent of Money: A Financial History of the World and The Cash Nexus: Economics and Politics from the Age of Warfare Through the Age of Welfare, 1700-2000, just to name a few. At first blush, his latest book, High Financier, seems different. It focuses on "The Lives and Time" of just one man, Siegmund Warburg. READ FULL DESCRIPTION

Full Description

The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency "[An] excellent, just in time guide to the history of finance and financial crisis." --The Washington Post

"Fascinating." --Fareed Zakaria, Newsweek

In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of "Chimerica" into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens. The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America's bankruptcy capital, Memphis, to China's boomtown, Chongqing. We may resent the plutocrats of Wall Street but, as Ferguson argues, the evolution of finance has rivaled the importance of any technological innovation in the rise of civilization. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.

About the Author

Niall Ferguson is one of the world's most renowned historians. He is the author of sixteen books, including Civilization , The Great Degeneration , Kissinger, 1923-1968: The Idealist , and The Ascent of Money.

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