Reading some financial history or watching YouTube videos on the subject is recommended before tackling this book. It isn't a step-by-step narrative of how gold became valued, how interest began or anything like that. It's more a string of historical vignettes that make for interesting stories within themselves. Quite illuminating to someone new to the real of financial history.
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A very engaging overview of Money and Financial Instruments for everyone to read. Lots of interesting history, tales of risk, adventure, the winning of spectacular fortunes, with many larger than life characters, from the Rothschilds to the Medici bankers of the middle ages. Written in easy reading English, not overly technical or esoteric, I hope I can get my kids to read the book. Worth buying and reading. 5 Stars.
Verified purchase: Yes | Condition: Pre-owned
After seeing Dr. Ferguson on a financial interview, put this book on my "READ NEXT" list. For all who wish to understand what has happened to the monetary system globally, how and why it happened, and what is needed to work through the problems the economies of the world face, this book is MANDATORY. Dr. Ferguson takes us through the evolution of money itself, showing how it has been used, abused, destroyed, and then re-invented. This work is not just anonother of the many 'fixing things once-and-for-all, happily-ever-after' fantasy peices. Rather it is a magnificent work illustrating what money systems have been in the past, what they are now, and why the remedies being now proposed by politicos are doomed to fail. Woven into the work are the bits and peices which point the path to the development of efficaciuos money and credit systems needed to meet the economic needs of civilation for future generations. If we as individuals expect to survive, and moreover, to prosper in our own futures, we need to understand how the world of money and credit behave. This magnum opus created by Dr. Ferguson lights a million candles in the darkness. Get it, read it, understand it, and passi it on to all who need it.Read full review
Very good book, based on historical facts, interesting to read especially when you are into banking,finance etc. the book takes you through the entire history of finance,money etc. in a very exciting way, typically for ferguson its written in very reader- friendly style so even poeple who does not understand how banking system works will be able to make most of this book. Higly recommnded.
The Ascent of Money is be best PBS special/documentary ever. I watched it 3 times and since purchased this incredible book, same title. Suggest you follow up with Ferguson's The Great Degeneration. The two books may help you prepare for our upcoming world economic calamity, & the word prepare is used loosely. Ronnie
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