# *The Ascent of Money – A Financial History of the World* by Niall Ferguson

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In *The Ascent of Money*, historian Niall Ferguson explores the evolution of finance and its crucial role in shaping human civilization. From ancient Mesopotamian moneylenders to modern hedge funds, Ferguson unpacks how financial institutions, banking systems, and credit markets have driven economic progress and societal change. He delves into key financial milestones, including the birth of bonds, the rise of stock markets, and the impact of economic crises. With engaging storytelling, he highlights how financial literacy is essential for understanding power, wealth, and global stability. This book provides a fascinating journey through the history of money, revealing its profound influence on world events.

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