May 9, 2025

Banking History

**Banking History** refers to the chronological account and development of banking institutions, practices, and regulations over time. It encompasses the evolution of financial services, including the establishment of banks, the introduction of banking systems, the various forms of currency, and the impact of economic policies on banking activities. Banking history examines significant events such as the formation of central banks, the emergence of commercial banking, the effects of major financial crises, and the advent of banking technology. It explores how banking has adapted to changes in society, technology, and the global economy, influencing financial practices and consumer behavior. Understanding banking history is crucial for grasping the current structure of financial systems and the regulatory frameworks that govern them.