An Accent Of Money Analysis

Based on the book of Niel Ferguson which was written in 2008 “ The Accent of Money” , he made the four -hour documentary called “ An accent of Money: The Financial History of the World” in 2009 which won an International Emmy Award. This documentary of Niel Ferguson is about the examination of long history of money, banking and credit. Starting the documentary with the opening sentence “Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: call it what you like, money matters”, Professor Niall Ferguson examines the origins of the pillars of the world’s financial system, and how behind every great historical phenomenon – empires and republics, wars and revolutions – there lies a financial secret. In the first episode
From the time people had no concept of what money was, considering gold to be conserved in accordance with Lenin’s wish, goods in societies were free of charge and freely available, money has appeared in a conventional way of argument. Credits and debits also appeared in civilizations, were among the the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony. In this 1st episode, he also mentioned the birth of banking system, its evolution as well as the banks’ eruption, was the first essential step in the accent of money. The 2nd episode called “ Human Bondage” which Niel Ferguson mentioned about the bonds of the bank along with the bonds of money, which made up the bond markets. He also paid a visit to Florence, Italy, where the Medici family transformed the sinful practice of usury into the banking system we know today and in the process became as powerful as monarchs in the 19th century. In the 3rd episode “ Blowing Bubbles”, Niel Ferguson went back to the birth of joint stock market because the company’s capital was owed by multiple -investors. He aslo told the differences between the current stock market crash
With the advancement of technology day by days, cash or coins will become obsolete. Nowadays, with the appearance of credit or debit card, you can charge your transactions without paying by cash, or being able to buy and sell goods over a computer network known as the Internet through many sites like amazon, ebuy,… The more we learn about the internet and its capabilities, the easier it will get. And without money, accounting cannot happen. Accounting is what based on identifying, summarizing and communicating all the economic events which related to transactions. But what transactions are? They are what money comes in and out. So that’s why I think, the need for money in accounting is forever and nothing can replace