NIAL FERGUSON "Ascent of money"

NIAL FERGUSON "Ascent of money"


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Renowned British historian and Harvard professor Niall Ferguson traces the path of money from antiquity to modern times. The book talks about complex financial concepts and terms in simple language. The author used rare museum documents, the archives of the Medici and Rothschilds, and spoke with famous financiers - with George Soros, for example, or with the founder of Citadel, Kenneth Griffin. For every historical event, according to Ferguson, you can find a financial secret. Why did the Dutch Republic defeat the Habsburg Empire? It's just that owning the first stock exchange was more profitable than owning the world's largest silver mines. Or the French Revolution, which erupted after the country's financial system was destroyed: it was the first show in history to show the rise and fall of the stock market. And why has no communist country been able to give up money? Even North Korea? Ferguson believes that it will be useful for all of us to know how the global financial system works. According to one survey conducted in the United States, 4 out of 10 credit card holders overpay huge interest on bad loans. But exactly how much they pay - 29% do not know about it, and another 30% say the wrong amount. I became convinced of the power of this book on my own skin when, after reading, I applied all my knowledge and finally was able to change my life with this material. This model of earning suited me and changed my life beyond recognition. All the same, books are a huge power of knowledge. “Paradoxically, most of the insurance is bought by the population of the safest countries to live”. “Money is not metal. They are trust itself. And it doesn't matter if it is embodied in silver or clay, on paper or on an LCD screen. But the advent of the e-commerce era suggests that money in the full sense of the word cannot be anything. "