With the increasing amount of silver and gold in Europe the value decreased because people lost trust in it. But money has only the value that somebody is giving to it and people who trust this promise. Shipping coins of gold and silver to Europe helped the Spanish to fund their wars and conquers. When the Spanish conquerors arrived in South America they started mining of gold and silver because they gave it a value, while the Incas saw no worth in it. The first part “From Bullion to Bubbles” starts with the Incas who had a lot of silver and gold. Ferguson, a professor at Harvard University. The presenter of the facts and history is Dr. The program consists of four parts discussing the history and events that have to be seen in the context with money or other financial terms. The program “Ascent of Money” describes the influence of the development of money and financials on the world’s economy and the people’s life.
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