Professor Niall Ferguson has studied the origin of the pillar of the world financial system and behind the wealthy people and the Republic, war, and revolution in each major historical phenomenon.
Episode 1: Avarice’s Dream. From Glasgow’s Shylock’s meat to sharks, from “commitment” to Babylon clay film to Midi banking system, Professor Ferguson explained that the origin of loans and debt and why credit networks are for every civilization. necessary.
Episode 2: Human restraint. How does funds become the field of cosmic masters? Due to the rise in the bond market during the Renaissance in Italy. With the emergence of bonds, the war financing of Northwestern Europe and the Atlantic Ocean was distributed. It is the bond market that makes Roschilds the richest and most powerful family in the 19th century. Today, the government asked to leave them.
Episode 3: Bubble Strike. Why does the stock market produce foam and bust? Professor Ferguson returned to the origin of the stock company in Amsterdam and Paris. He has attracted similarities in the 19th -century Mississippi bubble in the 19th century Mississippi bubble in the 19th century Mississippi bubble in the 19th century Mississippi bubble. It shows why people have the instincts related to investing, and why no one can accurately predict the time of bull stamps.
Episode 4: Risk business. Life is an adventure business -this is why people take out insurance. In view of the accidental disaster, the state must occur. Professor Ferguson went to Hurricane Caterina and New Orleans and asked why the free market could not provide sufficient protection for the disaster. He sought the answer to make him the origin of modern insurance in the early 19th century and the birth of the post -war Japanese welfare country.
Episode 5: It is as safe as a house. It sounds simple: give people assets. What are the basis for democratic democracy, including apartments? Economic theory pointed out that the market cannot be mortgaged because entrepreneurs can only compete with their assets by borrowing. However, what if the mortgage loan is bundled and sold to the person with the highest bid?
Episode 6: Chimerica. Since the 1990s, the adventure market in Asia, Latin America and Eastern Europe has been better than the British or US stock markets. The explanation is the rise of “Chimerica” in China and the United States. However, for the poor Chinese savings, is it meaningful to give away the rich American version?
