Chapter 27: Finance and Industrialization

The Industrial Revolutions - A podcast by Dave Broker

Going back to the 1600s, the development of modern financial systems transformed life on planet earth. Debt markets and stock markets helped industrialization spread and remain ever-growing. They’ve also created a new phenomenon: The boom-and-bust cycle. And it seems that we, as a species, have decided that the key benefits of financial modernization – technological progress and mostly continuous economic growth – outweigh the anxieties and the risks of it.Support the podcast on Patreon: https://www.patreon.com/indrevpod