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About the book
  • Published: 26 May 2016
  • ISBN: 9780141900315
  • Imprint: Penguin eBooks
  • Format: EBook

The Ascent Of Money

A Financial History Of The World




A reissue of Niall Ferguson's bestselling book with a major new chapter on the first ten years of the Financial Crisis.

Bread, cash, dough, loot, lucre, 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 labour. 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 back-story behind all history, with the development of credit and debt as important as any technological innovation in the rise of civilisation.
The evolution of credit and debt was as important as any technological innovation in the rise of civilization, from ancient Babylon to the silver mines of Bolivia. Banks provided the material basis for the splendours of the Italian Renaissance, while the bond market was the decisive factor in conflicts from the Seven Years' War to the American Civil War.
With the clarity and verve for which he is famed, Niall Ferguson explains why the origins of the French Revolution lie in a stock market bubble caused by a convicted Scots murderer. He shows how financial failure turned Argentina from the world's sixth richest country into an inflation-ridden basket-case - and how a financial revolution is propelling the world's most populous country from poverty to power in a single generation.
Yet the most important 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.

  • Pub date: 26 May 2016
  • ISBN: 9780141900315
  • Imprint: Penguin eBooks
  • Format: EBook

About the Author

Niall Ferguson

Niall Ferguson is one of Britain's most renowned historians. He is a Laurence A. Tisch Professor of History at Harvard University, a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution, Stanford University. The bestselling author of Paper and Iron, The House of Rothschild, The Pity of War, The Cash Nexus, Empire and Colossus, he also writes regularly for newspapers and magazines all over the world. Since 2003 he has written and presented three highly successful television documentary series for Channel Four: Empire, American Colossus and, most recently, The War of the World. He, his wife and three children divide their time between the United Kingdom and the United States.

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