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What was the first electronic creation of money?

What was the first electronic creation of money? There seems to be some confusion as to what I'm asking. I read about quantitative easing and as far as I can tell that's something different. I'm not ...
10
votes
2answers
2k views

What was the effect of the Panic of 1837 on financial/banking policy?

Were there any direct or immediate financial/banking policies made because of this recession? I've read that a combination of factors helped get America out of the Panic, but it never mentioned a ...
50
votes
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 ...
11
votes
3answers
5k views

Why is Alexander Hamilton considered the father of modern banking?

I've been hearing the phrase recently that Alexander Hamilton is considered the "father of modern banking", but haven't really come up with any explanation or definition that I can really understand ...
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?