The Ascent of Money: Ep.2 Human bondage

Niall Ferguson takes us on a historical adventure through the ascent of money, applying fact and opinion throughout. How did finance become the realm of the 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.