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Kwasi Kwartgeng


Sub-title: A 500-year history of Empires, Adventures, and Debt, Public Affairs, n. Y., 2014, 424 pgs., index, bibliography, notes, illustrations


Reviewer's comments: The author cuts off the history of debt before 1500 - He notes that the huge increase in gold and silver generated by the Spanish conquest of Mexico and Peru was a dramatic turing point in history. His objective is to examine and analyse the causes and results of the fianaical crisis of 2008. His selection of a starting date for this analysis is a good one. The firsr chapters are critical, the author provides a clear picture, but does not expand the latent points by sufficient analysis of what he is describing.
Niall Fergson in is The Acent of Money also focuses mostly on current financial problems with some attention to the development of money-credit since the 16th century. And Felix Martin in his The Unauthorized Biogrpahy of Money provides yet another way of looking at the history of finance.




Chapter 1 - Sweat of the Sun


Chapter 2 - Rival Nations - England and France


Chapter 3 - Revolutions


Chapter 4 - Pillars of Order


Chapter 5 - Great Republic


Chapter 6 - London 1914


Chapter 7 - Guns and Shells


Chapter 8 - Victors and Vanquished


Chapter 9 - World Crisis


Chapter 10 - Bretton Woods


Chapter 11 - Pax Americana


Chapter 12 - Weary Titans


Chapter 13 - Japan Incorporated


Chapter 14 - Imperial Retreat


Chapter 15 - The Impact of Oil


Chapter 16 - Thatcher and Regan


Chapter 17 - The Creation of the Euro


Chapter 18 - The Rise of China


Chapter 19 - Delusions of Debt


Chapter 20 - Crises and 'Bailouts'


Epilogue and Conclusion


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