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        9-12

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        The Origin of Credit | The Ascent of Money

        This video from the PBS documentary The Ascent of Money traces the evolution of credit, beginning in 16th century Venice. Historian Niall Ferguson discusses how the invention of credit has had a major impact on world development. The concept of interest—compensation for the use of someone else’s money—is also explored.

        Learn more about The Ascent of Money.

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