The Ascent of Money: A Financial History of the World

Niall Ferguson's "The Ascent of Money" traces the vital role of finance throughout history, updated to include recent events like the 2008 financial crisis, trade tensions, and the rise of cryptocurrencies. He illustrates how financial innovations, from Renaissance foreign exchange to stock market bubbles, have shaped major historical moments such as the French Revolution and the global economy today. Ferguson argues that finance is as crucial to civilization's progress as technology, and understanding its evolution is key to grasping the rise and fall of Western power. This compelling narrative combines clarity and expertise to reveal money's profound impact on world history.