The Ascent of Money

published

2011-02-05

rating

5

The Ascent of Money tells the fascinating tale of the financial history of the western world. It explains how finance often decides the outcomes of war, and even whether a war will be started, in addition to many other history-making factors. It stresses how financial innovations like banks, bonds, stocks, and insurance helped optimize the markets and make the world run much more efficiently. It also explains the causes of some financial disasters up to and including the 2007 mortage crisis. The Ascent of Money is an enjoyable and illuminating introduction to the world of finance.