Early History Of Us Banking (1776-1907)

HISTORY OF BANKING IN THE UNITED STATES FROM 1776-1907To understand the general newspaper publisher of banks in the United States , let s first look at the history of the beginning of banking system . The first institution that resembled what is considered a bank today was first seen in Venice . Its origin is udder on the governments need for loans from individuals with a guarantee of an pursual . With this promise people were attracted to the arouses paid in the loans and began depositing their specie in sleeping room created by the government to collect the loans from people and overseeing the punctual re struggle of the interests and loans . As a result of this , the chambers saw a need for the creation of bills for selling and exchange .

With the promise of interest , the Venetian merchants formed a habit of placing their silver with the chamber for safe keepingThis marked the beginning of the banking business of deposit , a common feature of modern banking procedures . It later occurred that credit for money in the chambers was more than money in the travel , so merchants formed the habit of transferring credit money from the putz of the payer to the receiver . At the beginning of this method of stipend was voluntary but later it was a requirement by the law for payment of large sums of money . This was a forceful way to the invention of bank notes and circulation which forms one of the pillars of modern banking practices . No o ther...If you want to get a full essay, orde! r it on our website: OrderCustomPaper.com

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