

How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization. 1: Dreams of Avariceįrom Shylock's pound of flesh to the loan sharks of Glasgow, from the "promises to pay" on Babylonian clay tablets to the Medici banking system. Both versions can still be viewed online.Įpisodes - Original Version Ep. In the United States, an edited two-hour version was aired in January 2009 by PBS.Ī newer, reorganized four-hour version with the original full title The Ascent of Money: The Financial History of the World was aired in July 2009 by PBS. It also aired on TVB Pearl in Hong Kong and ABC1 in Australia. The book was adapted into a six-part television documentary with the new full title Ascent of Money: Boom and Bust for Channel 4 in the United Kingdom. The book deals with the rise of money as a trade form, and tracks its progression, development, and effects on society into the 21st Century. 2.2.1 Episode 1: From Bullion to Bubbles.
