Niall Ferguson on John Law and his Louisiana territory Ponzi scheme; bond markets support warfare in Europe; globalization accelerates with the economic invasion of the Far East.
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Funding for THE ASCENT OF MONEY is provided by the Ewing Marion Kauffman Foundation, T.Rowe Price, The Smith Richardson Foundation, James and Merryl Tisch, and PBS. Additional funding for educational materials is provided by the Calvin K. Kazanjian Economics Foundation, Inc.Produced by THIRTEEN ©2019 Educational Broadcasting Corporation. All rights reserved.