Similarly, similar events have taken place throughout human history, which have shaped the history and evolution of the world financial systems. The author uses the Medici case study to elaborate how aristocrats and capitalists of the time used the prevailing social and political dynamic to make money. It was driven by a market boom, which allowed most financiers of art, literature, music and science make fortunes and accumulate wealth. For instance, the European Renaissance, which led to expansive changes in arts, music, education, science and other aspects of life, was backed by a financial secret. Comprehensive Book reviewĪccording to Ferguson, “every historical event has a unique financial secret”. For instance, the author refers to the 2008-20s financial crises, calling them as mere examples of the evolutionary trend of the monetary systems. In addition, the author has extensively used case studies to develop his ideas and arguments. In addition, he argues that the evolution of societies was driven by monetary and technological developments. In fact, the author argues that every historical event in the past had a monetary secret that influenced evolution. He develops an idea of monetary evolution from mere historical accounts. It is important to note that the author goes beyond analyzing mere historical accounts. To determine the birth of the monetary system, Ferguson refers to stone and clay tablets discovered from the ruins of various cities in Mesopotamia, Egypt and other parts of Europe and Asia. Noteworthy, the book uses a review of literature as the study method, which has allowed the author develop a comprehensive historical timeline that begins at Mesopotamia and ancient Egypt.

In this book, the Ferguson derives information from various historical accounts. Niall Ferguson develops a compressive analysis of the current situation in the global financial system. In fact, the book attributes the success of human development to the evolution of the financial system. The author further argues that the evolution of the world financial system was “as important as any other technological innovation and evolution”. In fact, the book traces the genesis of the financial system, which the author believes started in Mesopotamia and the ancient Egypt.

The ascent of money book