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The Ascent of Money: A Financial History of the World

Nonfiction | Book | Adult | Published in 2007

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Book Brief

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Niall Ferguson

The Ascent of Money

Nonfiction | Book | Adult | Published in 2007
Book Details
Pages

448

Format

Book • Nonfiction

Publication Year

2007

Audience

Adult

Recommended Reading Age

18+ years

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Super Short Summary

The Ascent of Money by Niall Ferguson explores the development of money and financial systems throughout history, emphasizing their crucial role in shaping major historical events and progress. The book spans from the nature of money and the rise of banking, credit, and bonds, to the evolution of insurance and property markets. It also discusses significant financial crises and globalization trends, drawing parallels between historical and modern financial phenomena. The book contains discussions on themes that may be sensitive for some readers, including economic crises and conflicts.

Informative

Challenging

Contemplative

Reviews & Readership

4.2

31,620 ratings

71%

Loved it

22%

Mixed feelings

7%

Not a fan

Roundup icon

Review Roundup

Niall Ferguson's The Ascent of Money is praised for its engaging narrative and comprehensive historical analysis of financial systems. Critics laud its accessibility and breadth but note occasional oversimplification and a Eurocentric focus. Overall, it's deemed an insightful read for those interested in economic history.

Who should read this

Who Should Read The Ascent of Money?

Readers who enjoy The Ascent of Money by Niall Ferguson are likely interested in the history of finance and economics. They may also appreciate works like Freakonomics by Steven D. Levitt and Stephen J. Dubner, or The Wealth of Nations by Adam Smith. Ideal for those keen on understanding the evolution of global financial systems through engaging narratives.

4.2

31,620 ratings

71%

Loved it

22%

Mixed feelings

7%

Not a fan

Character List

Niall Ferguson

A British historian and author known for his work on the history of finance, holding academic positions at prestigious institutions including Stanford University.

A Spanish conquistador whose expeditions in the 1500s significantly impacted the Incan Empire and contributed to Spain's acquisition of precious metals.

A mathematician famed for introducing Hindu-Arabic numerals to Europe through his book "Liber Abaci," facilitating financial calculations.

The patriarch of the Medici banking dynasty, who innovated financial strategies to build wealth and power in Renaissance Italy.

A prominent financier in 19th-century London, pivotal in managing British finances during the Napoleonic Wars.

A Scotsman who established France's central bank and significantly influenced its economy, founding the Mississippi Company which led to a financial bubble.

The longtime Chairman of the US Federal Reserve, credited for skillfully managing economic challenges during his tenure.

The founder of Enron, who played a crucial role in the energy sector's deregulation and the company's notorious bankruptcy.

Scottish clergymen who developed an innovative insurance plan in the 18th century, using actuarial science for financial stability.

An influential economist who promoted monetary policy as a tool for controlling inflation and advised various governments worldwide.

A reform-minded Chilean economist known for overhauling the nation's pension system to private retirement accounts.

A Peruvian economist advocating for property rights as a means to leverage untapped capital in impoverished areas.

A Nobel laureate from Bangladesh, celebrated for pioneering microfinance initiatives that provide credit to those traditionally excluded by banks.

A renowned investor and philanthropist famous for his reflexivity theory and a critical financial maneuver involving the British pound.

Economists who founded Long-Term Capital Management, applying complex financial models to investing with initially spectacular but eventually disastrous results.

Book Details
Pages

448

Format

Book • Nonfiction

Publication Year

2007

Audience

Adult

Recommended Reading Age

18+ years

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