{"id":2621,"date":"2012-04-06T09:22:54","date_gmt":"2012-04-06T09:22:54","guid":{"rendered":"http:\/\/monochromist.com\/2012\/04\/06\/behind-each-great-historical-phenomenon-there-lies\/"},"modified":"2012-04-06T09:22:54","modified_gmt":"2012-04-06T09:22:54","slug":"behind-each-great-historical-phenomenon-there-lies","status":"publish","type":"post","link":"https:\/\/monochromist.com\/notes\/2012\/04\/06\/behind-each-great-historical-phenomenon-there-lies\/","title":{"rendered":""},"content":{"rendered":"<blockquote><p>Behind each great historical phenomenon there lies a financial secret, and this book sets out to illuminate the most important of these. For example, the Renaissance created such a boom in the market for art and architecture because Italian bankers like the Medici made fortunes by applying Oriental mathematics to money. The Dutch Republic prevailed over the Habsburg Empire because having the world\u2019s first modern stock market was financially preferable to having the world\u2019s biggest silver mine. The problems of the French monarchy could not be resolved without a revolution because a convicted Scots murderer had wrecked the French financial system by unleashing the first stock market bubble and bust.<\/p><\/blockquote>\n<div class='attribution'>Niall Ferguson<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Behind each great historical phenomenon there lies a financial secret, and this book sets out to illuminate the most important of these. For example, the Renaissance created such a boom in the market for art and architecture because Italian bankers like the Medici made fortunes by applying Oriental mathematics to money. The Dutch Republic prevailed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2621","post","type-post","status-publish","format-quote","hentry","category-video_graphics","post_format-post-format-quote"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5sGHy-Gh","jetpack-related-posts":[{"id":3820,"url":"https:\/\/monochromist.com\/notes\/2011\/03\/10\/facto-diem-self-organized-criticality\/","url_meta":{"origin":2621,"position":0},"title":"Facto Diem: Self-Organized Criticality","author":"monochromist","date":"March 10, 2011","format":"link","excerpt":"Facto Diem: Self-Organized CriticalityMost learned people are aware that there is some sort of a connection between financial markets and biological evolution, between earthquakes and stock market crashes. They know it all has something to do with fractals and chaos, and that such connections are the subject of the relatively\u2026","rel":"","context":"In &quot;motion&quot;","block_context":{"text":"motion","link":"https:\/\/monochromist.com\/notes\/category\/video_graphics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5090,"url":"https:\/\/monochromist.com\/notes\/2011\/06\/02\/mobile-number-portability-in-south-asia-by-tahani\/","url_meta":{"origin":2621,"position":1},"title":"Mobile Number Portability in South Asia by Tahani Iqbal","author":"monochromist","date":"June 2, 2011","format":"link","excerpt":"Mobile Number Portability in South Asia by Tahani Iqbal\u201cMobile Number portability (MNP), a feature present in most developed telecom markets around the\u00a0world, is now making its way into the developing telecom markets of South Asia. Unlike the conditions\u00a0that exist in the mature environments of the western world, however, market structures,\u2026","rel":"","context":"In &quot;motion&quot;","block_context":{"text":"motion","link":"https:\/\/monochromist.com\/notes\/category\/video_graphics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3978,"url":"https:\/\/monochromist.com\/notes\/2011\/02\/27\/hyperallergic-piero-manzoni-merda-dartista\/","url_meta":{"origin":2621,"position":2},"title":"hyperallergic: Piero Manzoni, \u201cMerda d\u2019Artista\u201d\u2026","author":"monochromist","date":"February 27, 2011","format":"gallery","excerpt":"hyperallergic: Piero Manzoni, \u201cMerda d\u2019Artista\u201d (1961) From Tate, Etc: Merda d\u2019artista is an edition of 90 signed and numbered works that Manzoni said he made from his own excrement. Each is a 30-gram can of shit, measuring 4.8x6.5cm, \u201cfreshly preserved, produced and tinned\u201d, as stated on the label. This information\u2026","rel":"","context":"In &quot;motion&quot;","block_context":{"text":"motion","link":"https:\/\/monochromist.com\/notes\/category\/video_graphics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/monochromist.com\/notes\/wp-content\/uploads\/2011\/02\/tumblr_lf8s5qPFfQ1qzaos7o1_1280.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4706,"url":"https:\/\/monochromist.com\/notes\/2010\/02\/20\/the-road-to-the-horizon-the-worlds-most-shameful\/","url_meta":{"origin":2621,"position":3},"title":"The Road to the Horizon: The world&#8217;s most shameful events in 2009","author":"monochromist","date":"February 20, 2010","format":"link","excerpt":"The Road to the Horizon: The world's most shameful events in 2009","rel":"","context":"In &quot;motion&quot;","block_context":{"text":"motion","link":"https:\/\/monochromist.com\/notes\/category\/video_graphics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":250,"url":"https:\/\/monochromist.com\/notes\/2014\/09\/14\/slavoj-zizek-the-liberal-utopia-the-market\/","url_meta":{"origin":2621,"position":4},"title":"Slavoj Zizek &#8211; The Liberal Utopia: The Market Mechanism for the Race of Devils","author":"monochromist","date":"September 14, 2014","format":"link","excerpt":"Slavoj Zizek - The Liberal Utopia: The Market Mechanism for the Race of Devils","rel":"","context":"In &quot;motion&quot;","block_context":{"text":"motion","link":"https:\/\/monochromist.com\/notes\/category\/video_graphics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":204,"url":"https:\/\/monochromist.com\/notes\/2014\/09\/16\/french-concludes-that-chinese-migration-to-the\/","url_meta":{"origin":2621,"position":5},"title":"French concludes that Chinese migration\u2026","author":"monochromist","date":"September 16, 2014","format":"quote","excerpt":"French concludes that Chinese migration to the continent falls within a wider tradition of foreign powers establishing spheres of economic influence in Africa, and he doesn\u2019t doubt that China\u2019s political demands on Africa will grow. 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