Question

In: Finance

report ........history bank ? the the topic is clearly history of banks please dont ask me...

report ........history bank ?
the

the topic is clearly history of banks
please dont ask me again I don't want to lose time

Solutions

Expert Solution

The history of banking goes back to 2000BC.

The first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending.

Many histories position the crucial historical development of a banking system to medieval and Renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa. The Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. The most famous Italian bank was the Medici bank, established by Giovanni Medici in 1397. The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.

Development of banking spread from northern Italy throughout the Holy Roman Empire, and in the 15th and 16th century to northern Europe. This was followed by a number of important innovations that took place in Amsterdam during the Dutch Republic in the 17th century, and in London since the 18th century. During the 20th century, developments in telecommunications and computing caused major changes to banks' operations and let banks dramatically increase in size and geographic spread. The financial crisis of 2007–2008 caused many bank failures, including some of the world's largest banks, and provoked much debate about bank regulation.


Related Solutions

PLEASE DONT COPY FROM INTERNET PLAGIRISM IS PROHIBITED WRITE 2000 WORDS ON THE TOPIC. TOPIC: INTERNATIONAL...
PLEASE DONT COPY FROM INTERNET PLAGIRISM IS PROHIBITED WRITE 2000 WORDS ON THE TOPIC. TOPIC: INTERNATIONAL TRADE AND DYNAMIC OF UAE (REQUIRE 2000 WORDS) 1. Introduction of the topic 2. Review of literature 3. Data, methodology 4. Analysis & Findings of the study 5. Conclusion 6. Reference
java.. please dont change the format and give me an output sample! user need to input...
java.. please dont change the format and give me an output sample! user need to input k. public class Josephus {    /**    * All persons sit in a circle. When we go around the circle, initially starting    * from the first person, then the second person, then the third...    * we count 1,2,3,.., k-1. The next person, that is the k-th person is out.    * Then we restart the counting from the next person, go...
PLEASE ANSWER ALL I HAVE AN EXAM TODAY AND THESE DONT MAKE SENSE TO ME Hyperalbumenia...
PLEASE ANSWER ALL I HAVE AN EXAM TODAY AND THESE DONT MAKE SENSE TO ME Hyperalbumenia may result in __levels of a drug that demonstrates strong protein binding a) Increased b) Decreased c) No change is observed When you have a patient with decreased renal function what modifications may have to be made to drug dosing a) Increasing the dose b) Increasing the frequency of the dose c) Decreasing the dose d) Decreasing the frequency of the dose c) More...
give me an example of fully funded defined benefit plan please dont use hand writing
give me an example of fully funded defined benefit plan please dont use hand writing
Plagirism is prohibited please dont copy from internet. Write individual report on the challenges and opportunities...
Plagirism is prohibited please dont copy from internet. Write individual report on the challenges and opportunities of doing business in different countries and relate culture to the management of an organization.
PLEASE DONT COPY FROM INTERNET PLAGIRISM IS PROHIBITED WRITE 2000 WORDS ON THE TOPIC. QUESTION 01:...
PLEASE DONT COPY FROM INTERNET PLAGIRISM IS PROHIBITED WRITE 2000 WORDS ON THE TOPIC. QUESTION 01: World Rankings of UAE and its Implications (REQUIRE 2000 WORDS) 1. Introduction of the topic 2. Review of literature 3. Data, methodology 4. Analysis & Findings of the study 5. Conclusion 6. Reference
Topic accounting (If you dont know the answer please quit) Question 1 (12 marks) a) Differentiate...
Topic accounting (If you dont know the answer please quit) Question 1 a) Differentiate between the 'definition of assets' and the criteria for recognition of assets' provided in the conceptual framework. b) If an asset is expensed in one financial year because future economic benefits were not deemed to be 'probable', can the same asset be reinstated in future periods if the benefits are subsequently assessed as probable? In this respect, does the ability to reinstate assets apply to all...
What are the main ratios used to evaluate Banks performance ? Please give me an explanation...
What are the main ratios used to evaluate Banks performance ? Please give me an explanation of how each ratio measure the performance of banks
Can you give an example in the U.S. history about deregulation of banks? And please describe...
Can you give an example in the U.S. history about deregulation of banks? And please describe the likely (positive or/and negative) effect of your example on banking industry.
Could you please explain this quote for me? “Although impact investing is clearly focused on producing...
Could you please explain this quote for me? “Although impact investing is clearly focused on producing desirable solutions to social and environmental problems- what we call being outcomes driven- it should not be considered an end itself in most cases, but simply a means, alongside other means that may be more efficacious.”
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT