Of human bondage although less exciting than the later stock market, bond markets have shown very relevant and very powerful. Part 3 blowing bubbles why do stock markets produce bubbles and busts. Ascent of money, a financial history of the world ascent of money series. The ascent of money documentary film october 21, 2017documentary film, bailout.
A journey through space and time documentary journey into the center of the universe touch your heart 1,328 watching live now. Dreams of avarice from shylocks pound of flesh to the loan sharks of glasgow, from the promises to pay on babylonian clay tablets to the medici banking system. To be honest, though, i felt like the narrative wandered at times. Corporationit is an entity that allows multiple parties to pool their resources in the pursuit of long term and sometimes risky ventures. The future expected payments and the face value will determine its valuation. It was the bond market that made the rothschilds family the richest and most powerful family of the 19th century. Rise of the bond market the ascent of money is a series of documentaries produced by the bbc and pbs based on the harvard economist niall fergussons book the ascent of money, a financial history of the world. This strikingly interesting television series is based on harvard professor niall fergusons prescient book the ascent of money. Part 2 human bondage how did finance become the realm of the ruling class. Chimerica media in association with educational broadcasting corporation for channel 4. The ascent of money summary chapter 1 dreams of avarice posted on october 1, 2010 by curiousmanager in 2008, british historian niall ferguson published an extremely insightful book on the phenomenon money.
The ascent of money is a sixpart documentary series presented by niall ferguson, examining the long history of money, credit, and banking. Subtitles of different languages may be downloaded for free as a. Visitors of subtitlesbank have given a rating of 8. The ascent of money summary chapter 3 blowing bubbles. The ascent of money 2008 episode 3 blowing bubbles youtube.
He draws telling parallels between the current stock market crash and the 18thcentury mississippi bubble of scottish financier john law and the 2001 enron bankruptcy. With the advent of bonds, war finance was transformed and spread to northwest europe and across the atlantic. For the next 3 years, djia dropped 89%, only reaching its 1929 level in 1954. Episode 3 blowing bubbles this episode looks at the origins of the joint. Blowing bubbles 1 a nalysis from the d ocumentary and different resources available online blowing bubble this documentary started with the reference of joint stock company in the ascent of money. The questions are listed in the order they appear in the film. The ascent of money a financial history world niall ferguson.
Large database of subtitles for movies, tv series and anime at opensubtitles. Blowing bubbles the ascent of money blowing bubbles 1. The ascent of money blowing bubbles abc1 television guide. States issue large bonds, often at a 510 or longer, at a fixed interest rate. Unemployment soared and world trade shrank because of. A bestseller, fergusons book detailed the economic conditions that would lead to the collapse of the us banking and mortgage sectors in 2009 and drive the world into a financial tailspin. The series is based on the book the ascent of money. The money masters is a 1996 documentary film that discusses the concepts of money, debt, taxes, and describes their development from biblical times onward. In this episode, we go back to the origins of the joint stock company in amsterdam and paris. Niall ferguson examines the roots of the insurance industry and more. Through the rise of the bond market in renaissance italy.
The ascent of money online full episodes of season 1 yidio. The ascent of money part 3 blowing bubbles daftsex. It examines the long history of money, credit, and banking. The ascent of money part 3 blowing bubbles youtube. Professor ferguson goes back to the origins of the joint stock company in amsterdam and paris. Rowe price, the smith richardson foundation, james and merryl tisch, and pbs. What had driven the conquistador francisco pizarro. A financial history of the world is a 2008 book by harvard professor niall ferguson, and an adapted television documentary for channel 4 uk and pbs us, which in 2009 won an international emmy award. As the world continues to struggle to find its footing amid rising unemployment, constricted credit and crumbling banks and industries raising questions about how the economic system collapsed pbs presents niall fergusons ascent of money.
Ferguson the ascent of money audiobook niall ferguson the ascent of money. The ascent of money summary chapter 3 blowing bubbles posted on october 3, 2010 by curiousmanager another great innovation of modern history is the invention of the jointstock limitedliability company. Because he was a major shareholder, he allowed an ample monetary expansion. The ascent of money summary chapter 1 dreams of avarice. I knew some of these things from the four pillars of investing, but the ascent of money paints a broader picture. By printing extra paper money, share prices soared and law was creating his bubble, while controlling vast parts of frances economy. On 29 october 1929, the worst stock exchange crash ever occurred.
Niall ferguson goes back to the origins of the joint stock company in amsterdam and paris. The ascent of money summary chapter 4 the return of risk. A financial history of the world by niall ferguson epsd. This draws telling parallels between the current stock market crash and the 18th century. The financial history of the world by niall ferguson. The ascent of money 2008 episode 3 blowing bubbles. In risky business, part three of the fourpart the ascent of money, economist and historian niall ferguson examines the roots of the insurance industry, natural disasters and risk management, and the history of hedge funds. The ascent of money blowing bubbles episode 3 documentary film. Memorable quotes and exchanges from movies, tv series and more.
In the ascent of money, economist niall ferguson works through some history that created todays money system, visiting the locations where key events took place and poring over actual ledgers and documents, such as the first publicly traded share of a company. The ascent of money summary chapter 4 the return of risk posted on october 10, 2010 by curiousmanager if a modern society wants to organize financial security for its members it will necessarily face a dilemma. The ascent of money part 1 full documentary youtube. Well, in the ascent of money, film maker niall ferguson doesnt target such straw men. Niall ferguson explores stock market bubbles by tracing the rise and fall of two of the most famous investment companies in history. The ascent of money summary chapter 2 of human bondage. Mainly the us and germany were hit by the biggest depression ever. More and more, new shareholders had to be attracted by promises of future profits and higher face values. The book was adapted into a sixpart television documentary with the new full title ascent of money. Unemployment soared and world trade shrank because of protectionist measures. Funding for the ascent of money is provided by the ewing marion kauffman foundation, t. This draws telling parallels between the current stock market.
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