Success in Business, Vol. 2 PDF
By:Seymour Eaton
Published on 2017-05-27 by Forgotten Books
Excerpt from Success in Business, Vol. 2: Banking, Transportation, Insurance and Foreign Trade The antiquity of banks is very great. In the Metropolitan Museum of Art, in New York, are Babylonian tablets bearing distinct records of transactions in banking that took place in the reign of Nebuchadnezzar. The origin of modern banking may be traced to the money dealers of Florence, who were in high repute as receivers and lenders of money in the fourteenth century. The name bank is derived from the Italian banco, a bench, the Jews in Lombardy having benches in the market place for the exchange of money. When a banker failed his bench was broken by the populace, and from this circumstance we have our word bankrupt. The business of borrowing and lending money was undertaken first by goldsmiths, although the two had no direct connection. In the process of the separation of employments, which is characteristic of an advancing society. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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