In addition, case studies based on historical evidence as well as modern examples of monetary evolution have been used in-depth.Īccording to the author, the financial crisis that was affecting most parts of the world between 20 was an important sign of the continuing development and evolution of the monetary system.įerguson reviews the situation facing the global financial system. However, Fergusson says that a major financial secret contributed to the renaissance.Īccording to the book, major changes in during the Renaissance were under the control of individuals who converted these changes to money and wealth, including Da Vinci and the Medici families. According to the author “every historical event has a financial secret”.įor instance, the Italian Renaissance is attributed with changes in science, arts, music, education and other aspects of life. The author goes beyond the common history and looks at the economic forces behind every historical development since the Mesopotamian and Egyptian civilizations. In fact, Fergusson has made an in-depth analysis of the historical records to determine the origin, evolution and development of the world monetary systems.

The book uses review of literature as the main study method. For instance, what is money? How has money developed from mere tablets and metals to printed-paper? How will money become invisible yet usable? What is the origin of money and how did it evolve? Finally, he tends to determine the future of money. He brings forth the questions that the book attempts to answer.

Having attracted the interest of the reader, the author now turns to express the idea of his book.

The ascent of money pbs