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The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples … See more
The shift from a reliance on hunting and gathering of foods to agricultural practices, starting sometime after 12,000 BCE, resulted in increased stability of economic relations. Such changes in socio-economic conditions began … See more
The roots of modern banking are traceable to medieval and early Renaissance Italy, to rich northern cities such as Florence, Venice, and Genoa.
Emergence of merchant banks
The original banks were "merchant banks" that Italian grain … See moreBy the end of the 16th century and during the 17th, the traditional banking functions of accepting deposits, moneylending, money changing, … See more
Asia
Mesopotamia and Persia
Banking as an archaic activity (or quasi-banking ) is thought to have begun as early as the latter part of the 4th millennium BCE, to the 3rd millennia BCE.
Prior to the reign of See moreItaly
Between 1527 and 1572 a number of important banking family groups arose, such as the Grimaldi, Spinola and Pallavicino families, … See moreThe first decade of the 20th century saw the Panic of 1907 in the US, which led to numerous runs on banks and became known as the bankers panic.
Great Depression See moreWikipedia text under CC-BY-SA license - See more
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