John Law and stack market bubbles

Write a 3- 4 paragraph paper on one of the following concepts from the Niall Ferguson’s Ascent of Money, episode 1. This is not a research paper so don’t worry about formatting or citation of sources. But please send it in Word format.

Any one cane be chosen.

1. Foundation of money-lending

2. The Medici family and the foundation of banking

3. Foundation of the bond market

4. Foundation of the limited liability corporation

5. John Law and stock market bubbles

Address these questions in relation to that concept:

•In what context does Ferguson introduce and use this concept?
•What is Ferguson’s main argument related to this concept?
•What is the impact on today’s society or economy of the concept in question?

To refer back to the videos, episode 1 is located at:

http://www.pbs.org/video/the-ascent-of-money-the-ascent-of-money-episode-1-from-bullion-to-bubbles/

Episode 2 (for the last part of the John Law story) is located at:

http://www.pbs.org/video/the-ascent-of-money-the-ascent-of-money-episode-2-bonds-of-war/