Questions tagged [banking]

Questions related to the history of financial institutions accepting deposits from the public, creating credit, and often including lending activities.

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2answers
8k views

Where did the Romans store their cash?

In the era before banking was invented, where did wealthy Romans store their cash? The emperor probably could store it somewhere in the imperial palace thanks to the Praetorian guard, but what about ...
12
votes
4answers
4k views

How did New York become the financial hub of America?

Why did New York become the financial hub of America, rather than one of the other big cities?
3
votes
3answers
328 views

How did Islamic finance under the early Caliphates profit or take loans if charging interest wasn't legal?

Under Islamic Law, any type of interest is considered usury and therefore illegal (in the religious context). How did lenders make money under this restriction? I am asking in the time frame from ...