In the Victorian era, money played a central role in novels, with characters like Mr. Micawber and Augustus Melmotte facing financial struggles. While popular nonfiction books about money are rare, David McWilliams attempts to tell the history of the world through money in his book “Money: A Story of Humanity.”
McWilliams argues that money is the story of humanity itself, tracing its impact from 18,000BC to the present. The author, a former economist, presents well-researched anecdotes that bring a dry subject to life. Stories range from Dutch tulip mania to Hitler’s plot to destroy the British economy using counterfeit banknotes.
The book covers a wide range of historical references, from King Midas to Gutenberg, with a brisk pace that keeps the reader engaged. However, there are some contrived historical references and excessive details that may detract from the central theme.
While the book’s deep dive into commercial banks creating money may be challenging for lay readers, its exploration of key historical events like the global financial crisis of 2008 adds context. Overall, “Money: A Story of Humanity” offers an engaging and informative look at the role of money in shaping human history, with strengths that outweigh its flaws.
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