WHAT IS THE HISTORY OF FINANCE ?

 Finance has a long and rich history that dates back to ancient times.

Here are some of the major milestones in the history of finance:

• Mesopotamia: One of the earliest examples of finance can be found in Mesopotamia, where merchants used clay tablets to record transactions and debts.
• Ancient Greece and Rome: During this time, banking and lending practices began to emerge, and the first forms of currency were introduced.
• Middle Ages: Banking and lending continued to evolve, with the introduction of bills of exchange and the emergence of early stock markets.
• Renaissance: This period saw a significant expansion in finance, with the development of modern accounting and the establishment of the first central banks.
• Industrial Revolution: The growth of industry and trade led to the development of modern capital markets, with the emergence of stock markets, bond markets, and other financial institutions.
• 20th century: The 20th century saw major developments in finance, including the establishment of the Federal Reserve system, the growth of international trade and finance, and the emergence of new financial instruments such as derivatives.