The Ascent of Money

tv show

poster for The Ascent of Money

6 total episodes

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1 seasons

First Aired November 17, 2008

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.

tv poster

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.