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  • Essay / The rise of money led to the rise of man

    “The rise of money led to the rise of man. » The biggest question many have sought to answer is the debate between creation and evolution. How did we get here? Were we created or did we evolve randomly? Are we the product of deliberate intelligence or are we the result of countless mistakes? Does it really matter? The history of money is similar to the history of humanity. Was money created or did it evolve? If he was created, we can assume he will die. If money has evolved, we can assume that the future is unknown. In his book The Ascent of Money, A Financial History of the World, Neil Ferguson's historical analysis of money answers many of these questions. Ferguson believes that money essentially reflects humanity, magnifying our progress, our failures, our values ​​and our weaknesses. (The Rise of Money, 358) The history of money shares many similarities with the history of man; Ferguson draws a parallel between finance and Darwinism, illustrating the natural mechanism of our financial ecosystem that evolves, creates, competes and dies. Money has evolved over time and reflects human progress. In the beginning, money itself was a physical commodity, grain, gold or silver. During the vital phase, more symbolic forms of money such as certificates of deposit, bank notes, checks, letters of credit, bonds, and other forms of marketable securities grew in importance. Social development has turned money into a trust, “In God We Trust” is written on the back of the ten dollar bill. (The Rise of Money, 27) Money today is faith in the one who pays us and belief in the person who issues the money he uses or the institution that honors his money . This trust has no end; it can extend to a larger number of individuals. The establishment of liberated money...... middle of paper ...... and invention, Therefore money like man is more powerful than when he was born, this power only makes grow. I believe this growth will lead to many solutions to the problems we face today. The problems seem impossible to solve, but the story speaks for itself. It is indifferent, it is the same, man must adapt, must conform. Works Cited Ferguson, Niall. The Rise of Money: A Financial History of the World. 1st ed. New York: Penguin, 2008. Print. Ferguson, Niall. "The Gresham Special Lecture - The Rise of Money: An Evolutionary Approach to Financial History | Gresham College." Free public lectures | Gresham College. Internet. March 2011. Zakaria, Fareed. The post-American world. 1st ed. New York: WW Norton &, 2008. Print.