(Voice Alejandra Sande Belmonte). This is the seventh chapter of History of Economics in Half Hour.
In the eighteenth century large financial groups like Rothschild were born. They extended their power and influence along the world and their financial support determined the success or failure of the European monarchies.
The last cartoon encourages to consider that 180 years ago, an infected pimple int the back ends the life of the world’s richest man while nowadays we could get the cure for it in a pharmacy, any day of the week, for less than an euro.
The diagrams show the gold pattern and how its functioning gave stability to the world for centuries.
Finally, the modern welfare state is thought to have been born with Bismark at the end of the nineteenth century and it meant a revolution in the conditions of the citizens’s social welfare.
economía colaborativa History of Economics in half an hour. Chapter 7. The Financial System | |
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