#500 nations episode 3 summary full#
#500 nations episode 3 summary series#
#500 nations episode 3 summary tv#

Nothing illustrates more clearly than the history of stock market bubbles how hard human beings find it to learn from history. Cooked books? Stock prices rigged? Been there. Indeed, theyвЂ™ve been a key cause of the financial crisis weвЂ™re living through now. And the shady practices it epitomised live on. But Enron was very far from the only corporate scam since shares were first bought and sold 400 years ago. Enron became the biggest corporate fraud in modern American history. The exuberance was especially irrational and the burst especially painful for the company that proposed those vast projects in Latin America. We never quite know when theyвЂ™re gonna burst. So stock markets really can be like soap bubbles.

When prices here on the New York Stock Exchange surge upwards in synch, itвЂ™s as if investors are gripped by a kind of collective euphoria вЂ“ what the former chairman of the Federal Reserve, Alan Greenspan, once famously called вЂњirrational exuberanceвЂќ. But we human beings are prone to over-optimism. But as we have discovered in recent months of financial turmoil, stock markets can also be shock markets. The price that people are prepared to pay for a companyвЂ™s shares in the market tells you how much money they think itвЂ™ll make in the future. But the ability of the company to transform our lives would depend on another innovationвЂ¦ The stock market.

If the 16th century had seen a revolution in money and credit, and the 17th had witnessed the birth of the bond market, then the next step in the story of the ascent of money was the rise of the joint stock limited liability company. Such schemes exemplify the vaulting ambition of modern capitalism, but theyвЂ™re only possible because of one invention вЂ“ the joint stock company. By running gas along the longest pipeline in the world 4,000 miles from the tip of Patagonia to the Argentine capital Buenos Aires. By constructing a 1.5 billion dollar gas pipeline from Bolivia right across the South American continent to the Atlantic coast of Brazil. ItвЂ™s pretty hard to believe that any kind of human organisation could tame the vast natural barriers of South America. Some people today say that companies вЂ“ and particularly multinational corporations вЂ“ rule the world. He shows why humans have a herd instinct when it comes toВ investment, and why no one can accurately predict when the bulls might stampede. He draws telling parallels between theВ Great RecessionВ and the 18th centuryВ Mississippi BubbleВ of ScottishВ financierВ John LawВ and the 2001В Enron bankruptcy. Majestic Films and Television International.Д®ric Schweig, Gordon Tootoosis, Wes Studi, Castulo Guerra, Tony Plana, Edward James Olmos, Patrick Stewart, Gary Farmer, Tom Jackson, Tantoo Cardinal, Dante Basco, Sheldon Wolfchild, Tim Bottoms, Michael Horse, Graham Greene, Floyd Red Crow Westerman, Amy Madigan, Frank Salsedo, Kurtwood Smith.Why doВ stock marketsВ produceВ bubblesВ and busts? Professor Ferguson goes back to the origins of theВ joint stock companyВ inВ AmsterdamВ and Paris. composer, Peter Buffett edited by Susan Crutcher, Rick Blue, Edgar Burcksen. Invasion of the coast : the first English settlementsД®xecutive producers, Jim Wilson, Kevin Costner head of research, Lee Miller directors of photography, Dyanna Taylor. Clash of cultures : the people who met Columbus - episode 4. Although we currently maintain these headings to adhere to descriptive standards used by libraries worldwide, we and other Canadian libraries are working to replace them with ones that are acceptable to Indigenous Peoples in Canada.Д®pisode 3. Toronto Public Library recognizes that the term вЂњIndians,вЂќ used in subject headings such as вЂњIndians of North America,вЂќ is offensive to many people.

#500 nations episode 3 summary series#

Special features: new series introduction and closing remarks by Kevin Costner, CGI insight with director Jack Leustig, bonus CD-ROM disc of extensive archival and making-of material. produced by Roberta Grossman produced and directed by Jack Leustig.Д¬losed captioned for the hearing impaired.

#500 nations episode 3 summary tv#

Spoken language: English subtitles: English, French, Spanish closed-captioned for the hearing impaired.ДЎ videodiscs (approximately 93 min.) : sound, color 4 3/4 in.ДЄ Tig Productions presents in association with RCS Films & TV and Majestic Films and Television International a Jack Leustig film written by Jack Leustig.

#500 nations episode 3 summary full#

Full Bibliographic Record Publication information:Д«urbank, Calif.