Show bank of venice formed in 1157 was first bank recognition was given even in ancient civilization to the benefits obtained from the organization of a system designed to facilitate pecuniary transactions promissory notes bills of exchange and transfer checks not unlike the modern bank check were used in assyria phoenicia and egypt long before they gained fuller development in greece and rome home it was not until after the ascendancy of athena and rome home that banking cattle came under tinder official regulation in its earliest form banking consisted primarily of money changing which was important due to the lack of uniform coinage and to the need for receipts and money transfers used to evade the danger of robbers the progress of blinking banking was checked during the middle ages but with the revival of trade in the eleventh and twelfth centuries its practice was resumed the bank of venice formed in 1157 Is generally given as the first bank it was only a transfer office of a national debt at first and not a bank in the real sense until after the sixteenth century it was destroyed by the F rench french invasion of 1707 keeping depositors po money safe but accessible was perli perhaps aps first undertaken on a large 8 scale cale by the bank of amsterdam founded in agoo indianapolis news |