ANALYSING TRANSFORMATIONS IN THE BANKING SYSTEM IN HISTORY

Analysing transformations in the banking system in history

As trade grew on a large scale, specially at the international level, banking institutions became required to fund voyages.Humans have long engaged in borrowing and lending. Certainly, there was proof that these tasks occurred so long as 5000 years back at the very dawn of civilisation. However, modern banking systems only emerged into the 14th cen

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