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A Brief History of Banking

A Brief History of Banking
By Andrew Regan
Although the general perception may be that organised banking is a relatively new phenomenon that has only developed over the last few centuries, the reality is that has been in thriving in one form or another for almost 3,750 years.

It was during the heyday of the Babylonian Empire from 1728 - 1686 BC that the Code of Hammurabi, named after the sixth and most successful king of Babylon, was devised and written. Details of the country's laws and financial regulations were carved on tablets of stone six feet high, including details of how loans, interest and guarantees would operate according to a set of standardised procedures. However, the Code of Hammurabi established some important principles, namely that organised banking cannot exist without the essential quartet of rules, regulations, political stability and a developed economy.

Both Ancient Greeks and later the Romans developed their own domestic banking systems based on the use of a universal currency and credit notes. But as countries' borders were crossed and travel throughout the globe became more common, a need for international banking arose.

By having such a resolute banking system foreigners outside the empire could also trade with Romans with confidence, knowing that definite rules applied. So, even though the Greeks had successfully operated a credit-based banking system with the Egyptians several centuries earlier, it was the Romans who crucially introduced legislation to regulate financial institutions and practices.

Their successful and respected international banking model existed in the Mediterranean until the fall of the Roman Empire in the sixth century after which Europe entered a dark period of political instability and mistrust. As a result, this meant that banking could not operate in the same formalised way. It wasn't until almost a millennium later, during the 16th century that westernised banking emerged and with it the false impression that banking itself was an entirely new concept. However, it developed from the same essential needs that drove first the Babylonians, Greeks and finally the Romans to establish their banking rules, regulations and standards and led to the formation of the London Royal Exchange in 1565; generally regarded as the formation of UK banking. It was from those renewed beginnings that standardised systems for deposits, loans and guarantees evolved and eventually were copied throughout the world.

Over the past four centuries westernised banking principles have become firmly established across the globe and although King Hammurabi of ancient Babylon wouldn't recognise it now, international banking is most firmly rooted in his initial concepts devised almost four thousand years ago.

Andrew Regan writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

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Free Government Funding Programs
By Charles Nash
I wanted to take the time to talk to you about free government funding programs. I'm sure you've heard the buzz words used around Washington like stimulus. The government is pumping a lot of money into the economy. They're not handing it all out to failed banks and bureaucrats. A lot of the money is being injected into the economy through grants and other programs designed to help people pay their bills. There are a lot of different grants for a lot of different people and most people don't even recognize the existence of them. I'm going to talk to you about free government funding programs.

If you own a house, then you have a huge opportunity to get some of this money. The crash in the housing market is what has led to this entire problem. The government is very scared it will get worse if more people go into foreclosure, so they have grants available to you to pay down your mortgage. Let me say that again. They have free money available for you to pay down your mortgage. They don't want to see you go into foreclosure because that would make the problem even worse.

There is other free government funding programs available for many different things. Education is another big area for grants. They are available for children going to school, all the way to college students. They offer money to help pay for textbooks and things of this nature. The government knows that a well educated work force is the key to economic prosperity, so they want to continue this tradition.

Learn about the Federal Gov Grants

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Learn About Government Grant Funding
By Charles Nash
We are coming into very unprecedented times and I feel the need to talk about government grant funding. I'm sure you've heard that the government is going to stimulate the economy and pull us out of this recession. More and more money is being pushed into the economy, but what you may not realize is how they plan on doing that. A lot of this money is being made available for grants. These grants are available to all citizens. The real problem is that most people don't even know they exist. Since they don't exist, only a small group of people are collecting all this free money. I'm going to talk to you about government grant funding.

The housing market is what has led us into this problem. There is literally a meltdown occurring and people are having a hard time paying their mortgage. Guess what? The government has grants to help you pay your mortgage down. They don't want to see another house go into foreclosure because they know that will make things even worse.

A lot of parents are having trouble sending their children to school. Well the government has grants to help pay for supplies, textbooks and even tuition if you send them to a private school. They know the economy is based on educated people and they want to see people continue to get an education.

Government grant funding is growing in just about every way. They offer grants for single parents, to college students, to people in specific trades, to businesses, to minorities and just about everything in between. The money is there waiting for you, you just need to apply for it.

Learn about the Federal Gov Grants


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Internet Banking - Then and Now
By Adam Singleton
For some years now, the internet has been simplifying the way we approach everyday tasks - whether it's shopping for gifts or even groceries, checking cinema times, or finding driving directions. But what never ceases to amaze the world is the rate at which the abilities of the internet advance.

When the internet first started gaining popularity in the early 90s, most people never even dreamed that they'd one day be able to find their next car, their next house, or even their next date online. But today, it seems that anything is possible within the fast-paced world of the internet.

However, while the World Wide Web drew the public eye almost instantaneously, certain aspects of the internet - while well established now - took some time to gain credibility. And even today, many of these realms continue to raise questions and concerns from users of the web. Often, these are areas of the web that deal with sensitive or confidential material, and those which require heightened security - such as banking.

For many people, the fact that they could pay bills, transfer money, check their account activity and simply manage their money online seemed too good to be true. Indeed, could they really achieve all those things, without having to worry about someone hacking into their account or stealing their identity? The answer today is yes. Glitches have appeared along the way, and improvements are always being made - but the fact of the matter is that the security of services such as internet banking has climbed to an unprecedented level.

Aside from helping people organise their finances, internet banking has offered users a great deal of flexibility. It's now possible to use such services from anywhere in the world - whether it's at home, at work, at a coffee shop or while travelling. What's more, internet banking services are usually available 24 hours a day, 7 days a week - so even if the bank is closed, users can access their account information, make payments, transfer money, or manage standing orders.

Indeed, the internet is responsible for much of today's conveniences - a fact that is perhaps most apparent with services like internet banking. Within today's fast paced society, being able to manage ones finances with a few clicks of a button - and being able to do it all securely and with peace of mind - may prove to be a useful option to have.

Adam Singleton writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.

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Government Money Funds
By Charles Nash
I want to talk to you about government money funds because there has never been a better time in history for you to get your share. The fact is the government is spending more money than it has ever done before. It's really amazing when you look at how many zeros are in the budget this year. A lot of the stimulus spending designed to boost the economy comes in the way of grants and funding to ordinary people. The only difference is that you have to apply for the grants. Most people don't know anything about grants and don't know where to apply. That's why I'm talking to you about government money funds.

The government wants to see people going to school, staying in their homes and taking care of their children. They don't want to see anyone on the street. If you're having trouble with your mortgage, there are grants to help you pay it. If you're trying to go to university, you can get grants to pay your textbooks. If you're trying to send your children to school, you can help cover the cost of supplies. If you're a single parent, you can get funds to help you with taking care of your children. There is practically a grant for anything that you could possibly struggle at.

Government money funds are in very low competition now because no one knows about them. The average person doesn't realize that a huge chunk of that stimulus spending could go directly into their pocket.

Learn how to get your own grants at Federal Gov Grants

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