History of Banking
History of Banking
MONETARY
The history of banking depends on the history of money- Two of the earliest things understood as available to barter are
-Grain-Money -Food Cattle-Money
((((Grain-money and food cattle-money are used from at least 9000 BC))))
Anatolian Obsidian as a raw material for stone-age tools being distributed as early as 12,500 B.C., with organized trade occurring in the 9th millennium.
((((In Sardinia one of the four main sites for sourcing the material deposits of obsidian within the Mediterranean, trade of this were replaced in the 3rd millennia by trade in copper and silver.))))
Stable economic improved with the change from the reliance on hunting and gathering of foods to agricultural practice, during periods dated as beginning sometime after 12,000 BC, at approximately 10,000 years ago in the Fertile Crescent, in northern China about 9,500 years ago, about 5,500 years ago in Mexico and approximately 4,500 in the eastern parts of the contemporary United States.
Earliest Form of Banking
-Deposited in temples ("treasure houses") and treasuries.
(((Wealth was usually deposited in temples ("treasure houses") and treasuries. The earliest banks were used exclusively by rulers to fund the more important and larger festivals and for building expenses.)))))
Archaeological Evidence
-Tokens -Code of Hammurabi
((((Objects called tokens made of clay have been recovered from within Near East excavations dated to a period beginning 8000 B.C.E and ending 1500 B.C.E., made as records of the counting of agricultural produce)))))
(((A very early writing on clay tablet called the Code of Hammurabi, refers to the regulation of a banking activity of sorts within the civilization))))
Mesopotamia
-Banking as understood as in an archaic state (or quasi-banking) is thought to have begun during a period as early as the second part of the fourth millennia to as late as the third to second millennia BC. Reign of Sargon I of Akkad (2335-2280)
MONETARY
The history of banking depends on the history of money- Two of the earliest things understood as available to barter are
-Grain-Money -Food Cattle-Money
((((Grain-money and food cattle-money are used from at least 9000 BC))))
Anatolian Obsidian as a raw material for stone-age tools being distributed as early as 12,500 B.C., with organized trade occurring in the 9th millennium.
((((In Sardinia one of the four main sites for sourcing the material deposits of obsidian within the Mediterranean, trade of this were replaced in the 3rd millennia by trade in copper and silver.))))
Stable economic improved with the change from the reliance on hunting and gathering of foods to agricultural practice, during periods dated as beginning sometime after 12,000 BC, at approximately 10,000 years ago in the Fertile Crescent, in northern China about 9,500 years ago, about 5,500 years ago in Mexico and approximately 4,500 in the eastern parts of the contemporary United States.
Earliest Form of Banking
-Deposited in temples ("treasure houses") and treasuries.
(((Wealth was usually deposited in temples ("treasure houses") and treasuries. The earliest banks were used exclusively by rulers to fund the more important and larger festivals and for building expenses.)))))
Archaeological Evidence
-Tokens -Code of Hammurabi
((((Objects called tokens made of clay have been recovered from within Near East excavations dated to a period beginning 8000 B.C.E and ending 1500 B.C.E., made as records of the counting of agricultural produce)))))
(((A very early writing on clay tablet called the Code of Hammurabi, refers to the regulation of a banking activity of sorts within the civilization))))
Mesopotamia
-Banking as understood as in an archaic state (or quasi-banking) is thought to have begun during a period as early as the second part of the fourth millennia to as late as the third to second millennia BC. Reign of Sargon I of Akkad (2335-2280)