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Film Description
Eminent historian Niall Ferguson examines the dynamic role of money and financial institutions in world history in this new Chanel 4 series.
The world’s money markets have reached the point where Planet Finance is beginning to dwarf Planet Earth. Every day two trillion dollars change hands on foreign exchange markets. Every month seven trillion dollars change hands on global stock markets. Every minute of every hour of every day of every week, someone, somewhere is trading. In The Ascent of Money, Niall Ferguson goes on an epic tour of world finance and demonstrates that behind every great historical phenomenon – empires and republics, wars and revolutions – there lies a financial secret. The evolution of credit and debt was as important as any technological innovation in the rise of civilisation, from ancient Babylon to present-day Hong Kong.
