This book and in-depth research has been so popular it also became a BBC documentary series of 5 long and wonderfully engaging episodes. There were a number of stories in financial history that I had never before encountered, and I liked that challenge. Was Forex market making really how the great families in Italy like the Medicis, made their fortunes?
The original word for bank, comes from banco or bench, where the original money changers worked from in Florence. If they went insolvent, they broke their bench, hence the term bankruptcy today. There are so many amazing facts about how the world of money started, evolved and later developed. It was a treasure trove of fascinating historical facts.
Barter is how we all began, but both coins and currency, have had an amazing change in development over time. This is what the author Niall Ferguson, really helps you to better understand. Bitcoins are just the latest chapter. It is but one of a long list of new products and concepts that sometimes work, sometimes not, but always moves forward. You have to make mistakes in order to learn, and the world's economies are no different. There have been plenty of global mistakes to learn from.
No matter how much you think you know about, there is always something more to add to your knowledge and consider. The world of money is the history of the world's economy, and it is a story that is ultimately never ending. At 400+ pages this book is long and really enjoyable, in a full bodied multi-course dinner kind of way.
History used to be boring and bland in the hands of many, but this author is different. The author's style is so entertaining that I feared its ending as I ran out of pages. This is always a very good sign. This book of twin subjects focuses on finance & history, if these interest you, then it is Highly Recommended!
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Mark Pink Shinichi Nagasawa