The History of Banking
Language: English
Published by Independently Published, 2024
- Softcover
- New
Seller: Rarewaves.com USA, London, London, United KingdomRarewaves.com USA
AbeBooks seller since June 11, 2025
Condition: New
£ 9.19
Quantity: Over 20 available
Add to basketSeller Inventory # LU-9798343390087
- Title
- The History of Banking
- Author
- S Parvez
- Publisher
- Independently Published
- Publication year
- 2024
- Condition
- New
- Binding
- Paperback
- Language
- English
- ISBN 13
- 9798343390087
- Item weight
- 118 grams
- Dimensions
- 15.24 x 0.46 x 22.86 cm
In ancient Greece and Rome, banking activities became more sophisticated, with temples and private individuals offering deposits, loans, and currency exchange services. The Roman Empire further developed banking with formal institutions, setting the stage for future financial systems. However, it was during the medieval and Renaissance periods in Italy that the foundations of the modern banking system were laid. Italian cities like Florence, Venice, and Genoa became the hubs of financial activity, with influential families such as the Bardi, Peruzzi, and most notably, the Medici, establishing banks that had branches across Europe.
The Medici Bank, founded by Giovanni Medici in 1397, is often cited as a pivotal institution in the history of banking due to its innovative practices, including the use of double-entry bookkeeping and letters of credit for merchants engaging in trade. The development of banking continued to evolve, spreading from Italy to other parts of Europe, with significant innovations occurring in Amsterdam during the Dutch Republic in the 17th century and in London in the 18th century.
The establishment of the Bank of England in 1694 marked a significant milestone, introducing the concept of central banking and laying the groundwork for modern financial systems
"Synopsis" may belong to another edition of this title.
Rarewaves.com USA
London, London, United Kingdom
AbeBooks seller since June 11, 2025
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