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re: History question re: banks
Posted on 12/27/12 at 2:57 pm to Doc Fenton
Posted on 12/27/12 at 2:57 pm to Doc Fenton
Thanks. I was watching a documentary about the temple of Artemus. 17th Century B.C.
People brought gold, jewelry, etc. to the Goddess. So, what is the Goddess to do with all this gold? The keeper of the Temple apparently loaned out the treasure to whomever who wanted to wage war or build something and then promised to give it back in interest. Sounded rather like a bank.
People brought gold, jewelry, etc. to the Goddess. So, what is the Goddess to do with all this gold? The keeper of the Temple apparently loaned out the treasure to whomever who wanted to wage war or build something and then promised to give it back in interest. Sounded rather like a bank.
1
Posted on 12/27/12 at 3:03 pm to Zach
quote:
17th Century B.C.
Gotta be 7th. The ancient Greeks weren't much of anything until they had that link to Egypt with the trading colony of Naukratis near the mouths of the Nile.
quote:
Sounded rather like a bank.
Yeah, or Don Corleone. Just because you have money and decide to lend it out, that doesn't necessarily make you a commercial bank where people store their savings and expect regular returns from it.
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