The Ascent of Money by Niall Ferguson: 9780143116172 | PenguinRandomHouse.com: Books (2024)

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What is the summary of the ascent of money? ›

Brief summary

The Ascent of Money by Niall Ferguson explores the history of finances and the role they play in modern society. It analyzes the impact of money on everyday life, and how various financial systems have shaped the world we live in today.

As its title implies, the book covers the rise of money and financial systems (in the West) throughout history. Ferguson argues that some aspect of finance lies behind all great events in history and that financial innovation has been as important to progress as scientific and technological innovation.

Chapter 1 tells the story of the rise of money and money-lending, along with the history of the banking system. Ferguson begins by asking the reader to “[i]magine a world with no money,” presenting such a scenario as the reality for primitive peoples of the past and as the dreams of communists (17).

The Ascent of Money: A Financial History of the World is a 2008 book by then-Harvard professor Niall Ferguson, and an adapted television documentary for Channel 4 (UK) and PBS (US), which in 2009 won an International Emmy Award. It examines the long history of money, credit, and banking.

Chapter 4 deals with insurance, which was devised to address not only the ups and downs of the financial markets but the ups and downs of life, as well. Since there's no way for us to know the future, whether good or bad, insurance is a way to help blunt the bad things that come along.

Chapter 6 discusses globalization and the rise of China's economy to become intertwined in the American economy such that the author calls the phenomenon “Chimerica.” The East and the West were roughly equal in terms of per capita income 300-400 years ago, and in many ways China was much more advanced.

The plot of "The Ascent" contains an escapist theme. Jared's childhood is fraught with neglect and cruelty, and he uses his imagination and the airplane to escape his reality. This is clear when he imagines himself as a passenger on the jet, living a life of luxury.

Can you survive without it? How long is The Ascent? When focusing on the main objectives, The Ascent is about 12 Hours in length. If you're a gamer that strives to see all aspects of the game, you are likely to spend around 26 Hours to obtain 100% completion.

The Ascent earned record $5 million for publisher Curve over its launch weekend. The Ascent earned a record $5 million in sales revenue for publisher Curve Digital during its launch weekend. The Ascent earned a record $5 million in sales revenue for publisher Curve Digital during its launch weekend.

In Chapter 4, Housel explains that the longer you invest, the more money you make because returns compound—that is, they build on previous returns to make ever-increasing returns. Housel recommends that you take advantage of compounding by finding investments that return solid, consistent results over time.

What happened in chapter 1 of crossed? ›

Chapter 1 Summary: “Ky”

Everyone sent to the villages dies, but no one is supposed to die in the holding camps. This is why Ky and Vick are in the river: They're disposing of a boy's dead body, where he won't be found. The Officer commanding the boys from the banks tells them to get out of the water.

Chapter 1: In Which I Hole Up in a Snowstorm. The story of Sam Gribley's life in the Catskill Mountains begins with an excerpt from his journal about the first snowstorm he encounters while living alone in a hidden cave dug out of a tree.

But in The Ascent of Money , Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential backstory behind all history. Through Ferguson's expert lens familiar historical landmarks appear in a new and sharper financial focus.

The Chinese issued the world's first paper money

They could be carried on strings, but paper money was even easier to handle. This early paper money was in use when Marco Polo visited Kublai Khan in the 13th century. The note, called a kua, is the equivalent of 100 coins and dates from the Ming Dynasty, A.D. 1368–99.

Money has been part of human history for at least the past 5,000 years in some form or another. Historians generally agree that a system of bartering was likely used before this time. Bartering involves the direct trade of goods and services.

Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9.

It's Proverbs 21:20, “Precious treasure and oil are in a wise man's dwelling, but a foolish man devours it.” That means the wise person saves. The only way to achieve financial freedom is to live on less than you earn and to do it for a very long time.

Proverbs 10:4

Before you can save or invest money, you must earn it. Solomon emphasized diligence as a key to financial success. A lazy person will be poor, and most poor are relatively lazy. But the labors of the diligent man will acquire riches.

Solidly based on Christian values, thispractical, visionary, and hope-filled book guides readers through astep-by-step process for developing both personal character and thenetwork of important relationships that enable character to winout, even in the face of setbacks, adversity, and temptations totake short cuts.