In The Ascent of Money Niall Ferguson traces the evolution of money and demonstrates that financial history is the essential back story behind all history. By learning how societies have continually created and survived financial criseswe can find solid solutions to today's worldwide economic emergency. As he traverses historic financial hot spots around the world, Ferguson illuminates fundamental economic concepts and speaks with leading experts in the financial world. Episode 2 Human Bondage - 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 ...