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a gain inside their history,their duties and responsibilities and functions.

Helen Ewald

on 27 January 2014

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Transcript of Banks

18th BC
Early civilizations used temples as "banks"
Temples were the safest refuge:
- Solid Buildings
- Constantly attended by priests
- Holy/sacred place
5. History of Banks
Babylon: first records of loans made by priests -> first known concept of banking
4th BC
Greece: more mixed and sophisticated banking activities than in any culture before

Not only temples but private entrepreneurs and public body made financial transactions

took deposit, made loans, changed money, booked transactions

2. AD
Rome: used the whole banking system developed by Greece in addition with debts

Collapse of the Roman Empire -> collapse of the trading system -> bankers became less necessary

Christian church prohibited the charging of interest rates
Christian prohibition on usury, therefore bankers changed their religion

Jews supplied this need (because the European prosperity needed finance)

Such as the templars

Both were victims of rumors, suspicion and persecution

Therefore profitable business of banking transferred back into the hands of the ordinary Christian folk
What is a bank?
Banks in the “money flow”
Duties and responsibilities
History of banking

1.What is a bank ?
Banks are companies
Makes its business with money
Special permission is required
Bank is the mediator between depositors and debtors
They are an important part of the national economy

2.Banks in the "money flow"
3.Main duties and responsibilities
Financial transactions
Redistribution of money
Depositors get interest rates and debtors have to pay them, the difference between both is called the marginal of interest (+charges/subscriptions and commissions =profit of a bank)

High safety requirements
Protection of depositors and restriction of risks
Banks have to have enough liquidity
Large credits are limited
Banks are watched and controlled by special supervisors
A special license is required


-->alle zuletzt angesehen am 23.10.2013
13th-14th century
Bankers from north Italy replaced the Jews and Templars as money lenders
Managed to avoid the prohibition on interests
Italy´s cities profited from this new trade
Banking families/dynasty established
but soon became bankrupt because of debts of monarchs

15th-16th century (the Fugger dynasty)
Fugger dynasty usurped the role as leading bankers from the Medici family
Started in the textile business and became rich through different loans made to important people (high loan securities)
Changed their business to trade with precious metals
Helped to elect a king
Withdrew by the end of the 16th century

16th century (banks and cheques)
First bank opened as a state initiative
Was an attempt to provide a measure of security in the business of trading money (bills of exchange and cheques)
Other cities followed this example
Cheques started to replace the complicated bills of exchange

17th century
Profit potential of banks was discovered
Banks transformed from moneylenders into private banks (as we know them today)
17th-18th century (national banks)
1617 "Banco Giro", the Venetian government was one of its debtors
Government creditors accepted payment in form of credit from the bank
Partnership between state and bank leaded to a national bank

1661-1821 (bank notes)
Through national banks, paper money or bank notes are invented

1801-1815 (the Rothschild dynasty)
Mayer Amschel Rothschild was a banker and a merchant
Trough friendship with William IX he was able to contact with other European rulers
Soon established as Europe´s most powerful bankers
Family stood up against Napoleon
Where able to make loans during wartime

a gain insight their history, duties, responsibilities
and function
from Greece to Rome
from Rome to Venice
from Venice to Berlin
from Berlin to Amsterdam
after Amsterdam it spreads through Europ
and America
Full transcript