Ascent of Money Free Essay Example, 1500 words

Ascent of Money is a groundbreaking film series that reflects the events of the crumbling financial crises. In the film, the constricted credit, and the collapsing banks and industries raise queries about how the 2007 economic crisis came about. Produced by Niall Ferguson, the film features the events of the money problem in which the historical precedents of the finance, banking, and trade fueled the unprecedented collapse of the economy. Millions of people baffled over the need for more money amid the financial crisis. For example, during the 2007 housing bubble burst, powerful institutions that had the control over reversing the crises from happened never took effective steps. Perhaps, Ferguson produced the film to show that even in the middle of a financial crisis, the economy remains extraordinarily viable. Even at the advent of Obama s administration, his government still struggled to deal with the challenges of resource allocation; probably due to lack of effective policies o r presence of internal politics that controls the whole of United States economy. The essay will focus on the analysis of five episodes from the documentary series and show that Ferguson intent was to show that the money problem will never be over. In episode 1, Dreams of Avarice, Ferguson explains the origins of credit and debts and why it is impossible to live without credit networks in the present civilization. We will write a custom essay sample on Ascent of Money or any topic specifically for you Only $17.96 $11.86/page It was later coins were introduced as a medium of exchange. Although there was no understanding why money had to be made of a precious metal, somehow, the flow of money beat the old world and introduced a new world conquest.