Discussion:
Response the question with citation and references:
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:
Q1: How has modern insurance evolved from its original roots in Scotland? Has this evolution been to the benefit of the modern insurance customer?
Q2: How do the concepts of credit and interest, as incorporated into banking and money lending, help to stimulate economic growth?
Q3: Give one example of how you think it may have stimulated growth in medieval times and one example of how it works today.