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Banking
Banking is the study of the business conducted or services offered by a bank.
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“
In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in
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― Debt: The First 5,000 Years
― Debt: The First 5,000 Years
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Not even ten additional years of slavery could have done so much to throttle the thrift of the freedmen as the mismanagement and bankruptcy of the series of savings banks chartered by the Nation for their especial aid.
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― The Souls of Black Folk
― The Souls of Black Folk
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Group for all those interested in reading about banking / investing / business / economics
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For all of those interested in economic mutualism; its history and its application to our modern…more
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...January 17, 2014 to February 16, 2014...
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