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What is History and Evolution of Banking about?

Banking has evolved significantly over time from early moneylenders to modern joint stock banks. Early forms of banking existed in ancient civilizations like Babylon and Rome, where moneychangers and bankers accepted deposits and made loans. During the middle ages in Europe, banking developed further with establishments like the Bank of Venice founded in 1157. Banking grew in importance in places like Florence in the 14th century, though fractional reserve lending and misuse of deposits also led to economic

Author
Mani Krish
Language
EN

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