Money and Banking

Banks and their role in the Economy

What is a bank
where did banks come from
History of Banks
Famous Black Banks
What is a an investment bank

Banks have been around since the middle ages.

Banks role in the Economy

Historically banks have provided two services:

The have provided a secure place to save money (physical security) and later (government backed security against failure) and they have transferred the savings from individuals to investments in business and home mortgages.

All of that changed in the 1980's with the repeal of the Glass-Stegall law.

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