In the final episode, Niall Ferguson chronicles the spread of good and bad financial practices across the globe, the meteoric rise of the American real estate market, and the consequences of the subprime mortgage fiasco.
Economist and historian Niall Ferguson examines the roots of the insurance industry in Europe; how disasters like Hurricane Katrina expose problems in risk management; how countries like Japan and Chile manage risk for their citizens; and the great rewards that can be accumulated through risk with hedge funds.
Niall Ferguson on John Law and his Louisiana territory Ponzi scheme; bond markets support warfare in Europe; globalization accelerates with the economic invasion of the Far East.
In the first episode of the four-hour series, economist and historian Niall Ferguson documents the roots of money and finance in the conquest of the Americas, from the Incan empire to the Louisiana territory.
Niall Ferguson documents the rise of modern finance in Europe and its expansion into the Far East, including the ascendancy of the Rothschilds and bond markets, and the decline of Europe's landed aristocracy.
Economist and historian Niall Ferguson examines the current global financial crisis in the context of the financial history of the West, Topics in this episode include: the beginnings of moneylending, stocks, bonds and credit.