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Myth of the 20th Century

Technology

BANKING CRISIS – After Dark

2023-03-17

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The English word ‘bank’ meaning a depository and lending institution, derives from the Italian word ‘banca’, or ‘bench.’ This belies the origins of modern finance in Renaissance Italy, where deals initially struck at coffee house benches evolved into the great trading and banking houses of the Medicis, where double-entry book keeping enabled the matching of...

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