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Blurb: “BREAD, CASH, DOUGH, LOOT: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential backstory behind all history. The evolution of credit and debt, in his view, was as important as any technological innovation in the rise of civilization.
Like the stock market crash that ultimately caused the French Revolution, the latest global financial crisis is about more than merely losing money. As Ferguson traces the crisis from Memphis, the bankruptcy capital of America, to Chongqing, the fastest growing financial center on earth, he offers bold and compelling new insights into the rise-
-and fall—not just of money but of Western power itself.”