The History of Finance
From the invention of writing for managing agricultural surpluses through to modern pensions and computerized markets, the financial systems used to coordinate our resources have been essential to the rise of civilization and the long-term success of nations. This course explores the emergence, evolution, and future of the tools and organizations that made it possible. By studying the history of money, debt, banking, corporations, stock markets, pensions, insurance companies, investment funds and more students will learn why such institutions are organized as they are today and how we might design better versions to tackle the challenges of the twenty-first century. Though the history of finance is global, this course also considers the unique economic history of Canada to help students better navigate the constraints, opportunities, policies, and relationships that shape the modern business environment.
- Prerequisite: F650