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From “promises to pay” on ancient Babylonian tablets to the insolvency of present-day consumerist America, this program explains the origins of credit and debt and why credit networks are central to civilization. Historian Niall Ferguson examines ...
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Contents
Early Explorers Lust for Money (3:04) -- Spain: Value of Silver (2:25) -- Value of Banknotes and Paper Money (2:54) -- Importance of Credit in Financial Systems (2:26) -- Arabic Numerals, Business Calculations, and Interest (4:10) -- Shylock: Jews...
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