The Ascent of Money

  • Episode 1

    In this series, historian Professor Niall Ferguson tackles the story of money and the rise of global finance, arguing that behind every historical phenomenon, there lies a financial secret.

  • Episode 2

    Professor Niall Ferguson explores the ascent of one of the great pillars of the modern financial system: the bond market.

  • Episode 3

    Niall Ferguson shows why human beings have a herding instinct when it comes to investment, and why no one can accurately predict when the bulls might suddenly stampede.

  • Episode 4

    Niall Ferguson travels to New Orleans, post-Hurricane Katrina, to ask why the free market can't provide adequate protection against catastrophe and hardship

  • Episode 5

    Niall Ferguson explains how we got hooked on the idea of a property-owning democracy, and why the unintended consequence of 'securitizing' mortgages was a global financial crisis.

  • Episode 6

    In the final programme Professor Niall Ferguson's final question is: What happens when you globalise Western financial institutions: the banks, bond and stock markets?