Banking An Old Aged Idea - 1501 Words

Banking is an old aged idea. It was around in the ancient Mesopotamia era. Martin A. Armstrong states, Mesopotamia illustrated all the modern practices such as, deposits, interests, loans, and letters of credit.† Armstrong also mentions how the ancient Egyptians showed signs of the banking. To quote Armstrong, â€Å"Egyptian sources also show that a vibrant banking industry emerged whereby the state provided warehouses in which farmers deposited their grain. In turn, the farmer would receive a â€Å"deposit receipt† reflecting how much wealth was held by the bank in question. Such written receipts eventually became used as a general method of making payment of debts to third parties during the Ptolemy era including trade, taxes and donations to the gods.† These banking ideas can be linked to money and how money has changed the power of people and countries. It can be proven throughout the history of that money, power, and banks are directly related. The banks and money relate to power because the more economic strength a country has the more they can do military wise. It can also be proved over time that money and power create issues that can be counterproductive to society. In Niall Ferguson’s book, The Ascent of Money, Ferguson connects the conquering of the Incas to the start of the money mountain. When Pizarro and the Spaniards landed in the Inca territory for the second time, they came with a plan. Their plan was to conquer the Incas and strip them dry from their golden temples.Show MoreRelatedCase Analyses - the Global Baby Bust992 Words   |  4 Pagesalone can even affect where people shop. * Households without children are the majority Related to the overall decline in the fertility rate is the fact that Canadian women who have children do so at a later age: women aged 30 to 34 now have a higher birth rate than do women aged  20 to 24.The increasing age at which women have their first child reflects the tendency of women today to first complete their education and/or establish themselves in the work force before raising a family. 2. WhatRead MoreThe New Deal1023 Words   |  5 Pageschange he made for the nation was radical, the plan would create a lasting impact that benefitted the country for years to come. 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