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A Financial History of the World - Book Report/Review Example

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The paper “A Financial History of the World” determines the causes of inflation and consequences of the change of money. It explores other methods that businesspersons use to devalue cash and shows a comparison of paper and iron, a denotation of how money comes into existence…
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A Financial History of the World
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"A Financial History of the World"

Download file to see previous pages  He brings out a connection between inflation and the prevailing market status and extending of power that British government has over the rule of influence. Niall’s qualifications come through the various books he has been writing. Some of his books are-The Empire, and The West and the Rest. Finally, he is a contributor to several television programmes and a writer to the newsweekly. This article reveals the messages of the book and an achievement in letting the citizens beware of the main causes of change in currency. The book aims at bringing out the different causes and consequences relating to the valuation of cash. As per the statement of the aim of the article, Ferguson tries to show the gradual advancement of the currency. People have upheaval actions to accept and understand the rising value of money. The author strains to bring it out even though some get the understanding. He indicates how lenders and borrowers find it hard to carry out a smooth transaction. They lack the basic knowledge of the finance they have to attach to various items. In business institutions, financial superiors need to balance the equations and ensure they do not pay more than the income. They should ensure they operate at a surplus and should as much as possible to avoid deficits in their financial statements. However, many obstacles arise in their (businesspersons) trial to get some of the causes hindering a clear study of the subject matter. In as much as Niall tries to educate the businesspersons on the dangers of cash, there is prevailing ignorance on both customers and lenders. Inflation is one of the changes which customers observe resulting from devaluation of the currency. The author fails to achieve his objective due to the political constraints in the countries (Ferguson Np). The increase in the price of commodities and an adverse rise in salaries lead to a low purchase. This leads to a decrease in the sales and hence low profits. Ignorance of the possible effects of money by the business operators leads to slow addressing opinions on how to make the currency earn more value. Therefore, the truth is that the author does not achieve his purpose as he states that they keep on debating on who wishes to end inflation and stop uprising issues. There are no clear conclusions on the development of money. This is because the author keeps on talking much about the how currency has been changing since earlier days. He suggests measures that businesspersons need to consider when carrying out the business operations. In the book, are the various people who face the effects of inflation. There are no specific groups to get to know much about devaluation as the effect is on the whole economy. However, much effect is on the financial institutions, where the managers have the burden of ensuring they operate to maximize profits and no deficit. ...Download file to see next pagesRead More
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