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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