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Click on the link below to view the second episode of the Ascent of Money. This second episode will give you an idea of how the debt market grew and how the debt market and the ability to get credit effected the outcomes of wars and political events such as the French Revolution. Answer the following questions and post them in the class discussion. Feel free to comment if you agree with Dr. Ferguson or donât agree with him. After you post your discussion look at what other students are posting and comment on their postings.
http://video.pbs.org/video/1170857928
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Answer these Questions â Be sure and give opinion if you agree with Dr. Fergusonâs interpretation of history.
How did the French stock market cause the French Revolution? How did the bond market effect the Napoleonic wars and the American Civil War? What lessons can we learn today from these events?
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