Friday, April 6, 2012

Key Dates in the History of Banking


Mesopotamia, 3,000 B.C. - Banking developed

Lydia, 640 B.C. - First coins produced

China, 1024 A.D. - First state-backed paper money introduced

Amsterdam, 1602 - Establishment of first stock exchange

Sweden, 1668 - First central bank founded

Osaka, 1700 - First commodities futures trading (rice)

Netherlands, 1774 - First mutual fund created

Massachusetts, 1780 - First inflation-linked bonds issued

London, 1967 - First ATM installed

1994 - First credit-default swap

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