Economics

History of Money, Banking and Finance

The history of money, banks, payment systems and financial institutions

32 questions · 7 topics
How does today’s banking system differ from banking 25 years ago?Jun 9, 2023History of BankingHow did banks transmit international payment instructions before SWIFT existed?Aug 11, 2020History of Payment SystemsHow did large money transfers happen before modern banks and coinage?Dec 8, 2019Financial HistoryWho built the first electronic payment processing system?Nov 12, 2019History of Payment SystemsWhat did the United States attempt to buy for $100 million in 1946?Aug 5, 2019Economic HistoryHow did banks transfer money bank-to-bank before telex or SWIFT existed?Apr 6, 2019History of BankingWhat conditions does a society need before it can successfully implement fiat currency?Aug 6, 2018Financial HistoryBefore credit cards and global banks, how did travelers (like aristocrats on continental tours) access funds safely without ATMs?Jul 6, 2018Financial HistoryWhy are salaries usually paid monthly instead of continuously?Jan 11, 2018History of Payment SystemsWhat did the Dutch banking system look like in the 18th century?Dec 1, 2016Financial HistoryBefore wire-transfer technology existed, how were funds moved from one person to another?May 5, 2016History of Payment SystemsHistorically, what final trigger causes a fiat currency to collapse?Mar 6, 2016History of MoneyWho invented the credit card, and how did it become a widely used payment method in the United States?Mar 5, 2016History of Payment SystemsWhy is the bank icon typically designed the way it is?Feb 3, 2016History of BankingIs there a historical or current example of a country recognizing two currencies as legal tender at the same time?May 2, 2015History of MoneyWho invented the ATM, and in what way?Apr 8, 2015History of Payment SystemsHow did banks send funds to other banks before the telegraph was introduced around 1832?Apr 7, 2015History of BankingWhat is the most valuable banknote ever issued to date?Feb 10, 2015Financial HistoryHistory: How did wealthy Europeans move assets to the New World during the colonial era?Feb 8, 2015Economic HistoryWhen did societies begin using currency to trade goods across borders?Feb 8, 2015Economic HistoryHow was the standard size for credit cards and business cards determined?Dec 1, 2014History of Payment SystemsWhat is the best method to determine the historical value of currency, such as the worth of 1,000 francs in France in 1830?Aug 9, 2014Economic HistoryWhy are U.S. coins printed with the obverse facing upside-down relative to the reverse?Apr 10, 2014History of MoneyIf Bitcoin aims to decentralize finance, why did financial systems become centralized in the first place?Apr 1, 2014History of Payment SystemsHave banks ever been looted or seized during wars or periods of unrest?Oct 11, 2013Financial HistoryWhat is the historical origin of the dollar symbol ($)?Oct 6, 2013Financial HistoryWhat is the origin of the dollar sign ($)?Oct 6, 2013Financial HistoryWhich country first introduced paper money?Jul 10, 2013Origins of Paper MoneyWhich country was the first to introduce paper money?Jul 10, 2013Origins of Paper MoneyWhat was the first currency in history to use the term “dollar”?Jul 5, 2013History of MoneyWhich nation introduced paper money first in history?Dec 12, 2011History of Payment SystemsWas PayPal the first online payment company?Nov 9, 2011History of Payment Systems