Banks Between The 17th And The 19th Century - Deepstash
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Banks Between The 17th And The 19th Century

  • London was where the biggest action was in the banking world, with the Goldsmiths of London being the first proper bank. Services like vaults, bank debts, deposits (made inside the bank) and loans became popular.
  • Banknotes were first offered by the Bank Of England and were called promissory notes. Soon other services like cheques and overdrafts followed.
  • The Rothschilds started their financing business in the 19th century, eventually becoming the richest family in history.

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Banking Systems In The Medieval Period

Brokerage and loans started in an advanced form with merchant banks, though crop loan was still used for lending and credit activities.

Italy was the home of the earliest banks (which evolved into the modern banks), and even the word ‘bankrupt’ comes from the Italian word ...

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The Earliest Banking Systems

The Earliest Banking Systems

  • The earliest banking systems date back to 8000 BCE when trade was recorded in a log, keeping a written note of the transactions.
  • Mesopotamia was the home of the first proper banks, with lending activities in temples and palaces. As cash wasn’t inve...

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Banks In The 20th Century

  • Post-WWII, banks started lending money to other countries (like World Bank) and retail banking flourished across the country.
  • Technology started being a part of banking with SWIFT payments and ATM machines coming in the picture.

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"My adversary is the world of finance." ~ Francois Hollande

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Modern perfumery began in the 20th century and was dominated by synthetic essences that give unique notes to fragrances and from the invention of aldehydes fragrances like the famous Chanel n.5. In Europe, as well as in America, fragrances become real artworks and original creati...

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