Talk about the history of banking and how has it changed over time

1 answer:

3 0

Banking establishments had been created out of a need to satisfy the marketplace to offer loans to most people. As economies grew banks allowed most of the people to increase their credit and make huge purchases.

traditionally temples have been considered the earliest varieties of banks as they have been occupied through monks and feature come to be a haven for the rich.

The earliest Roman legal guidelines allowed for taking up land in lieu of mortgage payments which have been owed among debtors and lenders.

A well-known economist, Adam Smith all through the 18th century theorized that a self-regulated economic device might allow for markets to reach balance

You might be interested in

Which country lawyer from Ashtabula, Ohio, argued that criminals are not born, but are made by the unjust condition of human lif

nikitadnepr [17]

Clarence Darrow was a country lawyer from Ashtabula, Ohio, who argued that criminals are not born. He believes that criminals are made by the unjust condition of human life

4 0

3 years ago

5. What five rights are guaranteed in the 5th Amendment:

Daniel [21]

Explanation:

Right to indictment by the grand jury before any criminal charges for felonious crimes, a prohibition on double jeopardy, a right against forced self-incrimination, a guarantee that all criminal defendants have a fair trial, and a guarantee that government cannot seize private property without making a due compensation at the market value of the property.

8 0

3 years ago

Read 2 more answers

Which two of the following views did America's Founding Fathers hold?

Allushta [10]

It seems that you have missed providing the given options for this question to be answered. But I hope this will help you. The America's Founding Fathers are considered as the members of the Thirteen British Colonies in North America who led the American Revolution against the authority of the British Crown and established the United States of America. These people worked on the committee to draft the Declaration of Independence.

5 0

2 years ago

What was it like being a monarch 500 years ago

alexira [117]

Developments in European culture fuelled by the Renaissance.

- Changes in the Christian religion fuelled by German Martin Luther.

- The race begins between Christian Europeans to find new trade routes to China for silk and Indonesia for spices as the Muslim Ottomans block the Mediterranean sea to all Christian shipping.English and other European Explorers.

500 years ago the English started exploring the world in sailing ships. (This was the first step to England creating a world wide empire.) The catalyst to explore at this time was the blockade of the Mediterranean sea in 1448 by the Islamic Ottoman (Turks) thus closing access to the only known trade route to the east (India and China.)

3 0

3 years ago

What event occurred in 1957 and how is it associated with the above cartoon?

Keith_Richards [23]

Answer:

Louis newspaper sums up America's despair over the successful Soviet launch of Sputnik, the first satellite to orbit the earth. This cartoon alludes to the warming relations between the Soviet Union and India, a formerly neutral country in the Cold War.

Explanation:

8 0

3 years ago