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A History of Lending: Part II- The Emergence of Modern Banking

A History of Lending: Part II- The Emergence of Modern Banking

By the late 16th and early 17th century, the traditional banking functions that we know today had developed.  The more standardized issuance of bank debt grew from the practice of goldsmiths owning private vaults where they would charge a fee to wealthy merchants for holding precious metals.  Eventually, the goldsmiths began to lend money outRead more about A History of Lending: Part II- The Emergence of Modern Banking[…]