Summary Of The Video The Ascent Of Money: Bonds Of War

“Globalization took a generation to engineer; but, it was blown apart in a matter of days taking more than a generation to repair the damage.” The Ascent of Money: Bonds of War summarizes the tour through time and global finance demonstrating how bonds and gold financed wars and took people, markets, and governments to bankruptcy. We watched how money plays such a dominate role over time with financial history as the back-story of all history. The bond market and the battles of waterloo along with the American Civil War connections were pure Payton-Place of that era. The bond market also created the world financial dynasties and financial meltdowns of epic proportions. Our 2008 financial devastation pales in comparison to the happenings in France 300 years ago. …show more content…
His gambling history demonstrated his inability to know when to stop while he was ahead. His financial and professional status was a dream come true. However, greed and the need to gamble drove him to his life alone and on the run. He was the ultimate inside trader having his business and his bank in the same building – which he owned – continually paying one debt with profits from another scheme. He inflated the French economy in the process of trying to create personal economic success. When rumors spread about that Law’s system was not working well, the share price at the Mississippi Company began to slide and confidence was diminishing losing ninety percent of the shares volume. The world’s first stock market bubble was