History and Evolution of Banking Free Essay, Term Paper and Book Report
Banks have a long history, and have influenced economies and politics for centuries. A simple form of banking was practiced by the ancient temples of Egypt, Babylonia, and Greece, which loaned at high rates of interest the gold and silver deposited for safekeeping. Private banking existed by 600 B.C. and was considerably developed by the Greeks, Romans, and Byzantines. The Jews and Levantines dominated medieval banking. The forerunners of modern banks were frequently chartered for a specific purpose, e.g., the Bank of Venice (1171) and the Bank of England (1694), in connection with loans to the government; the Bank of Amsterdam (1609), to receive deposits of gold and silver. Banking developed rapidly throughout the 18th and 19th century accompanying the expansion of industry and trade, with each nation evolving the distinctive forms peculiar to its economic and social life.
2.1 Before Banking
As some form of banking has existed for most of written history, there isn't very much information available about what life was like before banking of any form existed.
Most likely there wa......
Word Count: 715
Page Count: 2.8 (250 words a page / double spaced)
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