History 1807 Lecture Notes - Lecture 5: Rothschild Banking Family Of England, Niall Ferguson, Napoleonic Wars
3 Feb 2016
School
Department
Course
Professor
Document Summary
The ascent of money by niall ferguson goes into great detail of how the financial systems of the world, primarily europe, went about their ways during the 19th and 20th centuries. The focus on the bond market within italy and later on showed interest within the america"s and the rest of europe. Rothschild, a jew that focused on bonds during the time of napoleonic war, began smuggling gold with the knowledge of bond prices would increase as the demand for gold by the war increased as well. This made rothschild a very successful financial man within europe, as he continued to greater his bond profits. During the first world war, many countries kept producing money within their boarders to help finance the needs of equipment for war. As countries kept producing more money, the inflation rates kept increasing and countries rates became weaker lead to very poor financial standards post war.
