Banking History In world

 History of Banking 

History of Banking being with the first prototype bank of merchants of the ancient world, which made grain loans o farmers and traders who carried goods between cities. This began around 2000 BC in assyria

and babylonia later, in ancient Greece and during the Roman Empire, lenders based in temples made loans and added two important innovations: they accepted deposited and changed money. Archaeology form this period in ancient China and india , also shows evidence of money lending activity. 

Banking, in the modern sense of the word, can be traced to medieval and early Renaissance Italy, to the rich cities in north such as Florence, Venice and Genoa. The bardi and peruzzi families of Europr. Perhaps the most famous Italian bank was the medici bank, established by Giovanni Medici in 1397. 

The development of banking spread from northern Italy through Europe and a member of important innovations took place in Amsterdam during the dutch republic in the 16th century , and in London  in the 17th century. During the 20th  century , development in telecommunication and computing caused major changes to bank operations and let banks dramatically increase in size and the worlds largest banks and much debate about bank regulation.

Major Event in the  history  of banking in the world 

#  Florentine banking -  the medicis and pittis among others.

#1100 - 1300 -  knight templar run earliest Euro wide/Mideast Banking 

#1542-1551 - The Great Debasement refers to the English Crown,s policy of coement during the reigns of Henry VIII and Edward VI.

#1553- First joint-Stock company, the company of Merchant Adventurers to New Lands, is Chartered in London. 

#1602-The Amsterdam stock Exchange was established by the Dutch East India Company for dealings in it is printed stocks and bonds 

#1609- The Amsterdamsche WissIbank (Amsterdam Exchange Bank ) was Founded.

#1656 The first European bank to use bank notes opened in sweden for private clientele, during 1668 the institution converted to a public bank.

# 1690- The Massachusetts Bay colony was the first of the  Thirteen Colonies to issue permanently circulating bank notes.

#1694 - The bank Of England was set up to supply money to the king.

#1695 - The parliament of Scotland creates the bank of Scotland. 

#1716 - John law open BanqueGenerale 

#1717 - Master of The Royal Mint sir Isaac  Newton established a new mint ratio between silver and gold that hand the effect of driving silver of circulation (biaetalism) and putting Britain on a gold standard.

#1720 the South Sea Bubble and john law,s Mississippi Scheme, Which caused a European Financial crisis and Forced many banker out of business 

#1775 - The first Building society , ketley ,s Building society , was establish in Birmingham, England  

#1782- The Bank of North America opens. 

# 1791- The first bank of united States was a bank chartered by the United States Congress The charter was for 20 years.