The Ascent of Money
tv show

6 total episodes
-
1 seasons
First Aired November 17, 2008
Genres:
Overview
Historian Niall Ferguson tells the story of money and the rise of global finance. Bringing context and understanding to the current economic crisis, he reveals how the history of finance has been punctuated by gut-wrenching crashes.

Blowing Bubbles
Season 1 - Episode 3 - 1h 49m
Air Date
December 01, 2008
Overview
Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-century Mississippi Bubble of Scottish financier John Law and the 2001 Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.