The end of the Cold War put the planet on a new track, abruptly
replacing the familiar world of bipolarity, red phones, and
intercontinental ballistic missiles with the strange new world of the
Internet, e-commerce, and Palm Pilots. The "New World Order" was
defined by the first U.S.-led war against Iraq, bloody ethnic strife
in Bosnia and Rwanda, and religious turmoil in Central Asia. This
evolving global system, however, overlooked the powerful role of
credit, which functions as a critical building block for developing
greater national and individual wealth. This volume examines the
evolution of credit in the Western world and its relationship to
power. Spanning several centuries of human endeavor, it focuses on
Western Europe and the United States and also considers how the
Western system became the global credit system. Now available in
paperback, A History of Credit and Power in the Western World is a
highly accessible and well-written volume that will engage historians
and economists alike.
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