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The Ascent of Money episode 4

The Ascent of Money episode 4

The Ascent of Money episode 4: Life is a risky business – which is why people take out insurance. But, confronted with an unexpected disaster, the state always has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can’t provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.     In this six-part documentary respected author, journalist and lecturer Professor Niall Ferguson examines the dynamic role of money […]

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The Ascent of Money episode 3

The Ascent of Money episode 3

The Ascent of Money episode 3: 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. Humans have a herd instinct when it comes to investment, and no one can accurately predict when the bulls might stampede.     In this six-part documentary respected author, journalist and lecturer Professor Niall Ferguson examines the dynamic role of money as he takes you

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Civilization Is the West History episode 6

Civilization: Is the West History episode 6

Civilization: Is the West History episode 6: The sixth element that enabled the West to dominate the rest was the work ethic. Max Weber famously linked it to Protestantism, but the reality is that any culture regardless of religion is capable of embracing the spirit of capitalism by working hard, saving and accumulating capital. The question is why that ethic seems now to be fading in the West. Europeans no longer work long hours; Americans have almost given up saving completely.     The real workers and savers in the world are now the heirs of Confucius and not Calvin.

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Civilization Is the West History episode 5

Civilization: Is the West History episode 5

Civilization: Is the West History episode 5: Today the world is becoming more homogenous and, with increasingly few exceptions, big-name brands dominate main streets, high streets and shopping malls all over the globe. We dress the same; we want the same latest technological kit; we drive the same cars. But where did this uniformity come from? The answer is the combination of the industrial revolution and the consumer society.     Originating in Britain but flourishing most spectacularly in America, the advent of mass consumption has changed the way the world worked. Led by the Japanese, one non-Western society after

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The Ascent of Money episode 2

The Ascent of Money episode 2

The Ascent of Money episode 2: How did finance become the realm of the so-called masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. Today, governments turn to the bond markets to bail them out.     In this six-part documentary respected author, journalist and lecturer Professor Niall Ferguson examines the dynamic role of money as he takes

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Civilization Is the West History episode 4

Civilization: Is the West History episode 4

Civilization: Is the West History episode 4: Niall Ferguson looks at how late 19th-century advances in modern medicine made it possible to export Western civilization to the ‘Dark Continent’: Africa. The French Empire consciously set out to civilize West Africa by improving public health as well as building a modern infrastructure. Yet in other European empires – notably Germany’s in southwest Africa – colonial rule led to genocide. What was the link from medical science to racial pseudo-science?     The imperialists talked of their civilizing mission, but their rivalry ultimately caused world wars that endangered the West’s global dominance.

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The Ascent of Money episode 1

The Ascent of Money episode 1

The Ascent of Money episode 1: From Shylock’s pound of flesh to the loan sharks of Glasgow, from the ‘promises to pay’ on Babylonian clay tablets to the Medici banking system, Professor Niall Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilisation.     In this six-part documentary respected author, journalist and lecturer Professor Niall Ferguson examines the dynamic role of money as he takes you on an epic tour of the financial world. A professor in History and Business Administration at Harvard University, as well as an author of numerous books

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Civilization Is the West History episode 3

Civilization: Is the West History episode 3

Civilization: Is the West History episode 3: Professor Ferguson asks why North America succeeded while South America for so many centuries lagged behind. The two had much in common (not least the subjugation of indigenous peoples and the use of slavery by European immigrants), but they differed profoundly on individual property rights, the rule of law and representative government.     There were two revolutions against royal rule between 1776 and 1820, yet Simón Bolívar was never able to be George Washington, and Latin America remained politically fragmented, socially divided and economically backward even as the United States rose to

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Civilization: Is the West History episode 2

Civilization: Is the West History episode 2

Civilization: Is the West History episode 2: In 1683 the Ottoman army laid siege to Vienna, the capital of Europe’s most powerful empire. Domination of East over West was an alarmingly plausible scenario. But Islam was defeated: not so much by firepower as by science. Niall Ferguson asks why the Islamic world didn’t participate in the Scientific Revolution and the Enlightenment, and if the West is still capable of maintaining its scientific lead, at a time when educational attainment in science subjects is declining.     Niall Ferguson asks why it was that Western civilization, from inauspicious roots in the

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Civilization: Is the West History episode 1

Civilization: Is the West History episode 1

Civilization: Is the West History episode 1: The first programme in the series begins in 1420 when Ming China had a credible claim to be the most advanced civilization in the world: ‘All Under Heaven’. England on the eve of the Wars of the Roses would have seemed quite primitive by contrast. Yet the lead that China had established in technology was not to be translated into sustained economic growth. In China a monolithic empire stifled colonial expansion and economic innovation. In Europe political division bred competition. The question for our own time is whether or not we have lost

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Filthy Cities episode 3 - Industrial New York

Filthy Cities episode 3 – Industrial New York

Filthy Cities Episode 3: Industrial New York – A Journey Through Manhattan’s Darkest Hour In Episode 3 of Filthy Cities, historian Dan Snow takes us back to a Manhattan most of us would hardly recognize. The gleaming skyscrapers and vibrant streets of today’s New York City were once the stuff of dreams, clouded by the dense smog of industrialization and stained by the grime of poverty. As the Industrial Revolution gripped the world, New York found itself at the epicenter of change – but not all of it was for the better. In the 19th century, millions fled Europe, escaping

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Filthy Cities episode 2 - Revolutionary Paris

Filthy Cities episode 2 – Revolutionary Paris

Filthy Cities episode 2 – Revolutionary Paris: A City of Filth and Fury Just two centuries ago, Paris was far from the romantic city we know today. In fact, it was notorious for being one of the dirtiest, foulest-smelling places in Europe. In episode two of Filthy Cities, historian Dan Snow takes us on a visceral journey back in time, uncovering the grimy underbelly of 18th-century Paris and how this monumental filth set the stage for a bloody revolution. Through stunning CGI and immersive storytelling, Snow brings to life the stinking streets of a city on the brink of change.

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