Episode#26 – Der Aufstieg des Geldes

Der Aufstieg des Geldes

by Niall Ferguson

 

The book in one sentence

From the first markets to high-speed stock trading – Niall Ferguson explains the rise of our financial system.

 

My personal opinion

“Der Aufstieg des Geldes” is a well-researched (at least from my simple point of view) and well-written book about the world’s financial system.

Reading this book is a lot of fun. It’s one the kind you cannot put aside once you started reading. Niall Ferguson uses many anecdotes from history which make the book very entertaining.

I like this book and read it already twice.

 

To whom I would recommend this book

If you want to learn more about the history of our financial system this book is a great starting point! It starts with the early ages of trading and how money was “invented”. You will learn a lot about the beginning of stock markets and how our financial system became what it is today.

A good-read for all fans of history and economics.

 

What I learned from this book

  • Having the opportunity to free yourself of debt and start again is one of the main characteristics of the American capitalism. (see Title 11 of the United States Code)
  • A financial crisis is most of the times structured in five phases: 1) economic shift, 2) euphoria and overtrading, 3) bubble, 4) concern and 5) fright.

 

Want to read this book?

Check it out on Amazon.com – Der Aufstieg des Geldes by Niall Ferguson

 

Publisher

Thanks to the publisher for printing such a great book!

List