The History of the Man-Made Invention of Money.
History About The Internet Banking Marketing Essay. 3892 words (16 pages). This is not an example of the work produced by our Essay Writing Service. You can view samples of our professional work here. Any opinions, findings,. Online banking is not out to alter your money habits.
Money and Banking Essay .0 The use of money and its transmission through the economy by means of a banking system characterise modern economies. Money has been used for thousands of years, but has evolved to more sophisticated forms and its transmission has improved over time.
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The History of Banking. Banking has been around in one form or another throughout recorded history, as issuers of currency and as stores of wealth. Even before currency emerged, starting with the first minted coins, and then adding what were known as banknotes, paper currency, banks still were around to manage the accumulation of assets.
Telephone banking, debit and credit cards, and automatic teller machines are commonplace, and electronic money and banking are evolving. The techniques of bank examination have changed, too. Today OCC examiners use computers and technology to help ensure that the banks they supervise understand and control the risks of the complex new world of financial services.
The history of banking began with the first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumeria.Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money.
A History of money by Glyn Davies, revised by Duncan Connors, 4th. ed. Cardiff:. This essay covers conflicts from the wars between Ancient Greece and Persia to World War II.. The development of modern banking and paper money broke the government monopoly of money creation and fostered the growth of democracy.