Answer the question with citation and references NO PLAGIARISM.
As the world continues to struggle to find its footing amid rising unemployment, constricted credit, and crumbling banks and industries — raising questions about how the economic system collapsed — PBS presents Niall Ferguson’s ASCENT OF MONEY. This ground-breaking four-part series examines the creation of the economic system by taking viewers on a global trek through the history of money. Watch Part 3 of the video and answer the following questions:
- How has modern insurance evolved from its original roots in Scotland? Has this evolution been to the benefit of the modern insurance customer?
- How do the concepts of credit and interest, as incorporated into banking and money lending, help to stimulate economic growth?
- Give one example of how you think it may have stimulated growth in medieval times and one example of how it works today.
Ferguson, N. (2009). The ascent of money [Video file]. Retrieved from https://www.youtube.com/watch?v=KdENsIkBpiY
Shows an understanding of the underlying concept that was described in the video.
Provides an answer to the specific question asked in the assignment
Provides examples to reinforce their answer