The world had bankers and change machines during thousand years

The world had bankers and change machines during thousand years. The Babylon tablets have been found, which make entry of bank operations which took place in domination Nebuchadnezzar. Modern banking establishments, however, have arisen in the twelfth century. The Bank of Venice was the first establishment of this character in Europe, has based a. d. 1171. It has been based under the compulsory loan of republic. The funds deposited by it, could not be withdrawn, but have been transferred on books in pleasure of owners. The bank of Genoa [216] has been based in 1407, and many years were one of the basic banks
From Europe. It was the first to let out bank notes in circulation; they were contractual only that is, they have not been made by the check payable to bearer. It was long step before earlier system of transfers of the deposit which also was used by this bank. The bank of Amsterdam established in 1607, was the earliest considerable establishment of a kind which looked at trade encouragement. The bank of Hamburg established in 1619, was depositary bank and the reference based on fine silver bars. Deposits have been limited by silver. The state bank of England - is more than 200 years and as today recognise, are the greatest financial institution in the world. Almost all paper money of England is let out by this bank. This currency [217] is based partially
On securities and partially on coin deposits. Is to three or four banks in the United States more than hundred years. In 1781 Robert Morris, then the head of the finance presented to the Congress the plan concerning establishment of Bank of the North America in Philadelphia. In 1784 state of Massachusetts has included Bank of Massachusetts. In 1791 Bank of New York has been diplomaed.
FOOTNOTE: