From the bestselling author of The Ascent of Money and The Square and the Tower Is America an empire? Certainly not, according to our government. Despite the conquest of two sovereign states in as many years, despite the presence of more than 750 military installations in two thirds of the world’s countries and despite his stated intention "to extend the benefits of freedom...to every corner of the world," George W. Bush maintains that "America has never been an empire." "We don’t seek empires," insists Defense Secretary Rumsfeld. "We’re not imperialistic." Nonsense, says Niall Ferguson. In Colossus he argues that in both military and economic terms America is nothing less than the most powerful empire the world has ever seen. Just like the British Empire a century ago, the United States aspires to globalize free markets, the rule of law, and representative government. In theory it’s a good project, says Ferguson. Yet Americans shy away from the long-term commitments of manpower and money that are indispensable if rogue regimes and failed states really are to be changed for the better. Ours, he argues, is an empire with an attention deficit disorder, imposing ever more unrealistic timescales on its overseas interventions. Worse, it’s an empire in denial—a hyperpower that simply refuses to admit the scale of its global responsibilities. And the negative consequences will be felt at home as well as abroad. In an alarmingly persuasive final chapter Ferguson warns that this chronic myopia also applies to our domestic responsibilities. When overstretch comes, he warns, it will come from within—and it will reveal that more than just the feet of the American colossus is made of clay.
From the bestselling author of The Ascent of Money and The Square and the Tower “A dazzling history of Western ideas.” —The Economist “Mr. Ferguson tells his story with characteristic verve and an eye for the felicitous phrase.” —Wall Street Journal “[W]ritten with vitality and verve . . . a tour de force.” —Boston Globe Western civilization’s rise to global dominance is the single most important historical phenomenon of the past five centuries. How did the West overtake its Eastern rivals? And has the zenith of Western power now passed? Acclaimed historian Niall Ferguson argues that beginning in the fifteenth century, the West developed six powerful new concepts, or “killer applications”—competition, science, the rule of law, modern medicine, consumerism, and the work ethic—that the Rest lacked, allowing it to surge past all other competitors. Yet now, Ferguson shows how the Rest have downloaded the killer apps the West once monopolized, while the West has literally lost faith in itself. Chronicling the rise and fall of empires alongside clashes (and fusions) of civilizations, Civilization: The West and the Rest recasts world history with force and wit. Boldly argued and teeming with memorable characters, this is Ferguson at his very best.
Niall Ferguson's acclaimed bestseller on the highs and lows of Britain's empire 'A remarkably readable précis of the whole British imperial story - triumphs, deceits, decencies, kindnesses, cruelties and all' Jan Morris Once vast swathes of the globe were coloured imperial red and Britannia ruled not just the waves, but the prairies of America, the plains of Asia, the jungles of Africa and the deserts of Arabia. Just how did a small, rainy island in the North Atlantic achieve all this? And why did the empire on which the sun literally never set finally decline and fall? Niall Ferguson's acclaimed Empire brilliantly unfolds the imperial story in all its splendours and its miseries, showing how a gang of buccaneers and gold-diggers planted the seed of the biggest empire in all history - and set the world on the road to modernity. 'The most brilliant British historian of his generation ... Ferguson examines the roles of "pirates, planters, missionaries, mandarins, bankers and bankrupts" in the creation of history's largest empire ... he writes with splendid panache ... and a seemingly effortless, debonair wit' Andrew Roberts 'Dazzling ... wonderfully readable' New York Review of Books 'Empire is a pleasure to read and brims with insights and intelligence' Sunday Times
From the bestselling author of The Ascent of Money and The Square and the Tower "Even those who have read widely in 20th-century history will find fresh, surprising details." —The Boston Globe "A fascinating read, thanks to Ferguson's gifts as a writer of clear, energetic narrative history." —The Washington Post Astonishing in its scope and erudition, this is the magnum opus that Niall Ferguson's numerous acclaimed works have been leading up to. In it, he grapples with perhaps the most challenging questions of modern history: Why was the twentieth century history's bloodiest by far? Why did unprecedented material progress go hand in hand with total war and genocide? His quest for new answers takes him from the walls of Nanjing to the bloody beaches of Normandy, from the economics of ethnic cleansing to the politics of imperial decline and fall. The result, as brilliantly written as it is vital, is a great historian's masterwork.
Ferguson tells the human story behind the evolution of money, from its origins in ancient Mesopotamia to the latest Wall Street upheavals. The author shows that finance is, in fact, the foundation of human progress.
From a bestselling historian, a daringly revisionist history of World War I The Pity of War makes a simple and provocative argument: the human atrocity known as the Great War was entirely England's fault. According to Niall Ferguson, England entered into war based on naive assumptions of German aims, thereby transforming a Continental conflict into a world war, which it then badly mishandled, necessitating American involvement. The war was not inevitable, Ferguson argues, but rather was the result of the mistaken decisions of individuals who would later claim to have been in the grip of huge impersonal forces. That the war was wicked, horrific, and inhuman is memorialized in part by the poetry of men like Wilfred Owen and Siegfried Sassoon, but also by cold statistics. Indeed, more British soldiers were killed in the first day of the Battle of the Somme than Americans in the Vietnam War. And yet, as Ferguson writes, while the war itself was a disastrous folly, the great majority of men who fought it did so with little reluctance and with some enthusiasm. For anyone wanting to understand why wars are fought, why men are willing to fight them and why the world is as it is today, there is no sharper or more stimulating guide than Niall Ferguson's The Pity of War.
From the bestselling author of The Ascent of Money and The Square and the Tower "Even those who have read widely in 20th-century history will find fresh, surprising details." —The Boston Globe "A fascinating read, thanks to Ferguson's gifts as a writer of clear, energetic narrative history." —The Washington Post Astonishing in its scope and erudition, this is the magnum opus that Niall Ferguson's numerous acclaimed works have been leading up to. In it, he grapples with perhaps the most challenging questions of modern history: Why was the twentieth century history's bloodiest by far? Why did unprecedented material progress go hand in hand with total war and genocide? His quest for new answers takes him from the walls of Nanjing to the bloody beaches of Normandy, from the economics of ethnic cleansing to the politics of imperial decline and fall. The result, as brilliantly written as it is vital, is a great historian's masterwork.
From the bestselling author of The Ascent of Money and The Square and the Tower, a searching and provocative examination of the widespread institutional rot that threatens our collective future What causes rich countries to lose their way? Symptoms of decline are all around us today: slowing growth, crushing debts, increasing inequality, aging populations, antisocial behavior. But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutions—the intricate frameworks within which a society can flourish or fail—are degenerating. With characteristic verve and historical insight, Ferguson analyzes the causes of this stagnation and its profound consequences for the future of the West. The Great Degeneration is an incisive indictment of an era of negligence and complacency—and to arrest the breakdown of our civilization, Ferguson warns, will take heroic leadership and radical reform.
The instant New York Times bestseller. A brilliant recasting of the turning points in world history, including the one we're living through, as a collision between old power hierarchies and new social networks. “Captivating and compelling.” —The New York Times "Niall Ferguson has again written a brilliant book...In 400 pages you will have restocked your mind. Do it." —The Wall Street Journal “The Square and the Tower, in addition to being provocative history, may prove to be a bellwether work of the Internet Age.” —Christian Science Monitor Most history is hierarchical: it's about emperors, presidents, prime ministers and field marshals. It's about states, armies and corporations. It's about orders from on high. Even history "from below" is often about trade unions and workers' parties. But what if that's simply because hierarchical institutions create the archives that historians rely on? What if we are missing the informal, less well documented social networks that are the true sources of power and drivers of change? The 21st century has been hailed as the Age of Networks. However, in The Square and the Tower, Niall Ferguson argues that networks have always been with us, from the structure of the brain to the food chain, from the family tree to freemasonry. Throughout history, hierarchies housed in high towers have claimed to rule, but often real power has resided in the networks in the town square below. For it is networks that tend to innovate. And it is through networks that revolutionary ideas can contagiously spread. Just because conspiracy theorists like to fantasize about such networks doesn't mean they are not real. From the cults of ancient Rome to the dynasties of the Renaissance, from the founding fathers to Facebook, The Square and the Tower tells the story of the rise, fall and rise of networks, and shows how network theory--concepts such as clustering, degrees of separation, weak ties, contagions and phase transitions--can transform our understanding of both the past and the present. Just as The Ascent of Money put Wall Street into historical perspective, so The Square and the Tower does the same for Silicon Valley. And it offers a bold prediction about which hierarchies will withstand this latest wave of network disruption--and which will be toppled.
All disasters are in some sense man-made." Setting the annus horribilis of 2020 in historical perspective, Niall Ferguson explains why we are getting worse, not better, at handling disasters. Disasters are inherently hard to predict. Pandemics, like earthquakes, wildfires, financial crises. and wars, are not normally distributed; there is no cycle of history to help us anticipate the next catastrophe. But when disaster strikes, we ought to be better prepared than the Romans were when Vesuvius erupted, or medieval Italians when the Black Death struck. We have science on our side, after all. Yet in 2020 the responses of many developed countries, including the United States, to a new virus from China were badly bungled. Why? Why did only a few Asian countries learn the right lessons from SARS and MERS? While populist leaders certainly performed poorly in the face of the COVID-19 pandemic, Niall Ferguson argues that more profound pathologies were at work--pathologies already visible in our responses to earlier disasters. In books going back nearly twenty years, including Colossus, The Great Degeneration, and The Square and the Tower, Ferguson has studied the foibles of modern America, from imperial hubris to bureaucratic sclerosis and online fragmentation. Drawing from multiple disciplines, including economics, cliodynamics, and network science, Doom offers not just a history but a general theory of disasters, showing why our ever more bureaucratic and complex systems are getting worse at handling them. Doom is the lesson of history that this country--indeed the West as a whole--urgently needs to learn, if we want to handle the next crisis better, and to avoid the ultimate doom of irreversible decline.
Is America the new world empire? Presidents from Lincoln to Bush may have denied it but, as Niall Ferguson's brilliant and provocative book shows, the US is in many ways the greatest imperial power of all time. What's more, it always has been an empire, expanding westwards throughout the nineteenth century and rising to global dominance in the twentieth. But is today's American colossus really equipped to play Atlas, bearing the weight of the world on its shoulders? The United States, Ferguson reveals, is an empire running on empty, weakened by chronic defecits of money, manpower and political will. When the New Rome falls, he warns, its collapse may come from within. 'One of the timeliest and most topical books to have appeared in recent years' Literary Review 'Yet another tour de force from a writer who displays all his usual gifts of forceful polemic, unconventional intelligence and elegant prose ... guaranteed to spark fierce debate' Irish Times 'A bravura exploration of why Americans are not cut out to be imperialists but nonetheless have an empire. Vigorous, substantive, and worrying' Timothy Garton Ash
In this groundbreaking biography, based on more than 10,000 hitherto unavailable letters and diary entries, Niall Ferguson returns to his roots as a financial historian to tell the story of the extraordinary Siegmund Warburg. A refugee from Hitler's Germany, Warburg rose to become the dominant figure in the post-war City of London and one of the architects of European financial integration. Seared by events in the 1930s, when the long-established Warburg bank was first almost destroyed by the Depression and then 'Aryanized' by the Nazis, Warburg was determined that his own bank would learn from the past and contribute to the economic recovery of Britain, the unity of Western Europe and the birth of globalization. Siegmund Warburg was a complex and ambivalent man, as much a psychologist, politician and actor-manager as a banker. In High Financier Niall Ferguson reveals Warburg's idiosyncracies but above all he recaptures the meticulous business methods and strict ethical code that set Warburg apart from the mere speculators and traders who inhabit today's financial world.
SPECTATOR, NEW STATESMAN, TELEGRAPH, SUNDAY TIMES and FINANCIAL TIMES BOOKS OF THE YEAR 2015 No American statesman has been as revered and as reviled as Henry Kissinger. Hailed by some as the "indispensable man", whose advice has been sought by every president from John F. Kennedy to George W. Bush, Kissinger has also attracted immense hostility from critics who have cast him as an amoral Machiavellian - the ultimate cold-blooded "realist". In this remarkable new book, the first of two volumes, Niall Ferguson has created an extraordinary panorama of Kissinger's world, and a paradigm-shifting reappraisal of the man. Only through knowledge of Kissinger's early life (as a Jew in Hitler's Germany, a poor immigrant in New York, a GI at the Battle of the Bulge, an interrogator of Nazis, and a student of history at Harvard) can we understand his debt to the philosophy of idealism. And only by tracing his rise, fall and revival as an adviser to Kennedy, Nelson Rockefeller and, finally, Richard Nixon can we appreciate the magnitude of his contribution to the theory of diplomacy, grand strategy and nuclear deterrence. Drawing not only on Kissinger's hitherto closed private papers but also on documents from more than a hundred archives around the world, this biography is Niall Ferguson's masterpiece. Like his classic two-volume history of the House of Rothschild, Kissinger sheds dazzling new light on an entire era.
In ALWAYS RIGHT historian Niall Ferguson offers a characteristically original, incisive and witty account of Margaret Thatcher's reign – the word seems appropriate – as British Prime Minister. Denounced by her enemies as divisive and dictatorial, Thatcher was the greatest leader Britain has produced since Winston Churchill. The standard bearer for a decisive economic regime-change, she was also a social revolutionary who shook up the stagnant English class system. Yet she was a foreign policy realist, who restored her country’s standing in the world. And far from being an over-bearing prime minister, she ultimately fell victim to the machinations of Cabinet government. ALWAYS RIGHT is a fittingly frank assessment of a great woman who made history.
What if there had been no American War of Independence? What if Hitler had invaded Britain? What if Kennedy had lived? What if Russia had won the Cold War? Niall Ferguson, author of the highly acclaimed The Pity of War, leads the charge in this historically rigorous series of separate voyages into “imaginary time” and provides far-reaching answers to these intriguing questions.Ferguson's brilliant 90-page introduction doubles as a manifesto on the methodology of counter-factual history. His equally masterful afterword traces the likely historical ripples that would have proceeded from the maintenance of Stuart rule in England. This breathtaking narrative gives us a convincing, detailed “alternative history” of the West—from the accession of “James III” in 1701, to a Nazi-occupied England, to a U.S. Prime Minister Kennedy who lives to complete his term.
This grand narrative history of the world's first experiment in globalization offers lessons for an ever-expanding American Empire--from England's most talented young historian.
Few economic events have had a more profound or enduring impact than the German hyperinflation of 1923, still remembered popularly as a root cause of Hitler's rise to power. Yet many historians have argued that inflationary policies were, on balance, advantageous to post-1918 Germany, both boosting growth and helping to reduce reparations. The scholarly consensus is that there was no viable alternative to inflation. In Paper and Iron Niall Ferguson takes a different view. He argues that inflation was indeed an economic and political disaster, and further that there were alternative economic policies which could have stabilised the German currency in 1920. To explain why these were not adopted he points to long-term defects in the political institutions of the Reich which went back as far as the 1890s and which persisted beyond 1918. The book therefore reveals the Wilhelmine origins of Weimar's failure, as well as casting light on the origins of the Third Reich.
Historians love to write about rulers - kings, emperors, presidents - or about vast social forces - migration, industrialisation - but what if they are all missing the point? Thinking about our own lives, isn't it clear that what makes the world go round are families, colleagues, teams, associations- in other words, networks? Many old Italian towns have the same central structure- a large square where people gather and a tower where the town's elite ruled from. Throughout history you can express the battle between the two as a battle of networks - who knows who, who works with who- guilds, families, fellowships, clans, cabals all cooperating to make sometimes huge changes. Sometimes the power lies with those lurking in the tower and sometimes with those in the square. Access to information, to credit, to ideas, to news - all constantly shift. Whether in the Renaissance or in the present day what makes the world work is an astonishing tangle of networks - and this was as true for the effort that went into discovering the New World as it is now for fighting elections or just talking to friends online. In his enormously enjoyable new book, Niall Ferguson celebrates the myriad ways in which the battle between rival networks makes history happen.
With an Introduction by Niall Ferguson 'Kill the buggers! Kill the bloody fucking swine! Kill them!' Bourne is a private fighting on the front. He is under pressure to accept a commission and become an officer, but he prefers to be among the ranks, drawn into the universal struggle for survival in a world gone mad. Manning's startling work is unlike any other First World War novel in its portrayal of the lives of ordinary British soldiers: the trauma of the Somme; the moments of bloodlust; the camaraderie, rivalry, alcohol and boredom. Considered obscene for its language and previously published in censored form as Her Privates We, The Middle Parts of Fortune appears here in its raw, unexpurgated version.
Excerpted from Niall Ferguson’s sprawling bestseller The War of the World, The Abyss now stands on its own as one of the most thrilling short histories of World War I ever written. This is not a conventional military history about battles and generals. Rather, The Abyss examines how World War I saw the birth of total war—fought between societies as much as armies—and must therefore be understood in terms of the financial crises it unleashed, the multinational empires it destroyed, and the hateful ideas it propagated. The most remarkable thing about the war, Ferguson shows us, is how shockingly unexpected it was. At a time when economic integration and technology seemed to be rendering war between great powers impossible, World War I was the moment when that process went into reverse and the lethal forces of ethnic disintegration took over. Now, on the cusp of the 100th anniversary of its outbreak, we can see World War I as much more than just four years of industrialized slaughter. Weaving together the economics of empire and the ideology of race—and featuring an original preface by the author as well a teaser from his new paperback Civilization—The Abyss is world history at its finest.
1st complete history of the Rothschild banking dynasty with full access to worldwide archives. Ever since the Rothschild's spectacular rise to preeminence in European finance during the last, turbulent years of the Napoleonicwars, a mythology has grown up around the family and it's firms. It is no exaggeration to say that the Rothschilds became 1 of theliving legends of the 19th century: the personfication of a new era in which money determined status and power, an era in which 5 Jewish brothers born into the wretchedness of the Frnakfurt Ghetto could rise by their own ingenuity to become ' the worlds bankers' - dominating the international financial markets, rubbing shoulders with the social elite, patronising the great artists and architects of the era and above all exerting a decisive, if veiled, influence over the world's monarchs and statesmen. Using a wealth of archival sources as well as a vast amount of little known contemporary and more recent secondary literature, Niall Ferguson's definitive study will finally hold the mirror of reality up to the face of myth. The result promises not only to do justice to the history of Rothschilds, but to revolutionise the history of the years of their rise and preeminence, and to reveal fascinating continuities from the 19th century to our own time.
From the bestselling author of The Ascent of Money and The Square and the Tower In his rich and nuanced portrait of the remarkable, elusive Rothschild family, Oxford scholar and bestselling author Niall Ferguson uncovers the secrets behind the family's phenomenal economic success. He reveals for the first time the details of the family's vast political network, which gave it access to and influence over many of the greatest statesmen of the age. And he tells a family saga, tracing the importance of unity and the profound role of Judaism in the lives of a dynasty that rose from the confines of the Frankfurt ghetto and later used its influence to assist oppressed Jews throughout Europe. A definitive work of impeccable scholarship with a thoroughly engaging narrative, The House of Rothschild is a biography of the rarest kind, in which mysterious and fascinating historical figures finally spring to life.
A major work of economic, social and political history, Niall Ferguson's The House of Rothschild: The World's Banker 1849-1999 is the second volume of the acclaimed, landmark history of the legendary Rothschild banking dynasty. Niall Ferguson's House of Rothschild: Money's Prophets 1798-1848 was hailed as a "great biography" by Time magazine and named one of the best books of the year by Business Week. Now, with all the depth, clarity and drama with which he traced their ascent, Ferguson - the first historian with access to the long-lost Rothschild family archives - concludes his myth-breaking portrait of once of the most fascinating and power families of all time. From Crimea to World War II, wars repeatedly threatened the stability of the Rothschilds' worldwide empire. Despite these many global upheavals, theirs remained the biggest bank in the world up until the First World War, their interests extending far beyond the realm of finance. Yet the Rothschilds' failure to establish themselves successfully in the United States proved fateful, and as financial power shifted from London to New York after 1914, their power waned. "A stupendous achievement, a triumph of historical research and imagination."—Robert Skidelsky, The New York Review of Books "Niall Ferguson's brilliant and altogether enthralling two-volume family saga proves that academic historians can still tell great stories that the rest of us want to read."—The New York Times Book Review "Superb ... An impressive ... account of the Rothschilds and their role in history."—Boston Globe Niall Ferguson's new book The Square and the Tower: Networks and Power, from the Freemasons to Facebook will be published in January 2018.
Ever since the house of Rothschild first rose to pre-eminence in the turbulent era of the Napoleonic wars, mythology has surrounded the family and its firms. Conservative aristocrats, radical democrats, socialists from Marx onwards, anti-semites from Wagner to Hitler - all have reserved a special place in their critiques of modern capitalism for the Rothschilds. They have been portrayed as the power behind not just one throne but many. They have been charged with financing revolutions and counter-revolutions. They have been seen as the final arbiters of war and peace in Europe. This book is the first of two volumes presenting a history of the house of Rothschild that reveals the phenomenal economic success of this secretive family.
Presents the text of a debate between former U.S. Secretary of State Henry Kissinger and CNN's Fareed Zakaria against historian Niall Ferguson and Chinese economist David Daokui Li about the emergence of China as a global force.
The twentieth semi-annual Munk Debate pits Niall Ferguson against Fareed Zakaria to debate the end of the liberal international order. Since the end of World War II, global affairs have been shaped by the increasing free movement of people and goods, international rules setting, and a broad appreciation of the mutual benefits of a more interdependent world. Together these factors defined the liberal international order and sustained an era of rising global prosperity and declining international conflict. But now, for the first time in a generation, the pillars of liberal internationalism are being shaken to their core by the reassertion of national borders, national interests, and nationalist politics across the globe. Can liberal internationalism survive these challenges and remain the defining rules-based system of the future? Or, are we witnessing the beginning of the end of the liberal international order? The twentieth semi-annual Munk Debate, held on April 28th, 2017, pits prominent historian Niall Ferguson against CNN’s Fareed Zakaria to debate the future of liberal internationalism.
Conventional wisdom has long claimed that economic change is the prime mover of political change, whether in the age of industry or Internet. But is it? Ferguson thinks it is high time we re-examined the link-the nexus, in Thomas Carlyle's phrase-between economics and politics. His central argument is that the conflicting impulses of sex, violence, and power are together more powerful than money. Among Ferguson's startling claims are: · Nothing has done more to transform the world economy than war, yet wars themselves do not have primarily economic causes. · The present age of economic globalization is coinciding-paradoxically-with political and military fragmentation. · Financial crises are frequently caused by unforeseen political events rather than economic fluctuations. · The relationship between prosperity and government popularity is largely illusory. · Since political and economic liberalization are not self-perpetuating, the so-called triumph of democracy worldwide may be short-lived. · A bold synthesis of political history and modern economic theory, Cash Nexus will transform the landscape of modern history and draw challenging conclusions about the prospects of both capitalism and democracy.
From the bestselling author of The Ascent of Money and The Square and the Tower In his rich and nuanced portrait of the remarkable, elusive Rothschild family, Oxford scholar and bestselling author Niall Ferguson uncovers the secrets behind the family's phenomenal economic success. He reveals for the first time the details of the family's vast political network, which gave it access to and influence over many of the greatest statesmen of the age. And he tells a family saga, tracing the importance of unity and the profound role of Judaism in the lives of a dynasty that rose from the confines of the Frankfurt ghetto and later used its influence to assist oppressed Jews throughout Europe. A definitive work of impeccable scholarship with a thoroughly engaging narrative, The House of Rothschild is a biography of the rarest kind, in which mysterious and fascinating historical figures finally spring to life.
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