Why do stock markets produce bubbles, and what makes them burst? In this program, financial scholar Niall Ferguson examines the origins of the joint stock company and the modern share trading system, highlighting some of history's most notorious market meltdowns. Analyzing the herd instinct and its role in economic upswings and downturns, Ferguson draws parallels between the 2001 Enron bankruptcy and the 18th-century Mississippi Bubble perpetrated by Scottish financier John Law, who exercised a nearly monolithic influence over France's economy and colonial ventures. Ferguson also traces aspects of today's stock exchanges to Dirck Bas Jacobsz and the Dutch East India Company. Distributed under license from BBC Worldwide. A part of the series The Ascent of Money: A Financial History of the World.

William Paterson University of New Jersey Collection

Law, John, 1671-1729, Enron Corp., Economy/Business, Nederlandsche Oost-Indische Compagnie--History, Stock Market Crash, 1929, Stocks--History, Stock companies--History, Financial crises--History, Business failures, International finance--History

The ascent of money: a financial history of the world

Ferguson, Niall (Host), Potts, Joanna (Producer), Danon, Orly (Editor), Aukema, Dewald (Cinematographer), Severin, Steven (Composer), Chimerica Media, Educational Broadcasting Corporation, Channel Four (Great Britain), Films for the Humanities & Sciences (Firm)

00:47:50 (HH:MM:SS)

English

Higher education

Name	Films Media Group (Firm)
Role	Publisher
Telephone	800-257-5126
Address	200 Metro Blvd., Suite 124, Hamilton, NJ 08619
Email	[email protected]

This video is protected by copyright. You are free to view it but not download or remix it. Please contact the licensing institution for further information about how you may use this video.

https://54098.surd9.group/show.php?pid=njcore:16861

pid=njcore:16861

njcore:16861

View MARC Record | View Full Record