Dreams of avarice
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Dreams of avarice

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48 pages 2008

About This Book

"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 financial transactions recorded in cuneiform; the transition from Roman numerals to Arabic symbols for greater speed and efficiency among medieval Italian bankers; notions surrounding the practice of usury during the Middle Ages and the Renaissance; and the rise of the Medici, who built their family's fortune as foreign exchange dealers. The program ties into contemporary issues by visiting Memphis, Tennessee-an epicenter of barbecue and bankruptcies. Distributed under license from BBC Worldwide."--Container.

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