It's quite fresh to view history from the financial perspective. When it comes to money, most people focus on the present or the future. Seldom do they examine the history of monetary matters. This is a timely book to remind us that to predict the future, we must first understand the past; if we want to make lots of $$$ in the future, we'd better find out how $$$ was gained or lost in the past....Continua
The history of financial innovation was told in a smooth yet neat way. I like the way the author presented the origins of different financial assets in chapters and still relate it to the happening of the environment at then. A very good way to appreciate the history of finance!...Continua
Most of my friends when they come across of "History" they will either change the topic or they will ran away.
In my point of view, "History" is very important subject that we all should understand and learn about it.
After Wall Street Criss on 2008 and recent financial melt down in Europe most of expert on T.V. flow out the solution. In fact if we examine the financial history closely may be we can find the clue.
The book "The Ascent of Money" the author cleverly use both history event compare to current situation.
He covered from money, credit, interest, Bonds, insurance and real estate
He also reveal the true face of money, he stated that the real money is not the money that we current holding on hand its only a currency.
As you remember at 2008 Hong Kong Lehand Brother's mini-bond note, which is similar to 18th century war bond at England.
The old word says "The history repeat itself" is true when you knew history...Continua
Coming from Niall Ferguson, I expected this book to be more insightful and full of revealing tidbits. As an introduction to the history of finance, however, this book is solid. And accurate and fair, which cannot be said for "Currency War", the massive waste of paper that managed to be a bestseller in China for years....Continua