BANCA MONTE DEI PASCHI DI SIENNA

We know of modern banking to be easy and accessible, and safe. The words comes to our mind when we hear banking: ATM, deposit, withdraw, check, bills, credit cards, and such. What would be like without banking, or what would it be like when you were the one to establish the first ever bank and will continue to serve for 547 years and still counting!

Principles of banking were used to ancient civilizations like Rome, like lending and borrowing money or such. At the time, Roman Empire is expanding, thus the development of banking also widened.

But not until March 4, 1472, the first ever established bank was in the city state of Sienna, Italy by its magistrates. In fact, it is the 3rd largest bank in Italy and the oldest surviving bank in the world! The name of the bank is Banca Monte dei Paschi di Siena. Continuing its service and operation since the year it was founded.

Published: January

Comments

FAIRY TALES ORIGIN

Peoples of many faces and nationalities have enchanted in hearing and telling tales that carries someone away into wonders and a delightful land of make-believe where handsome knights rescue beautiful princess, where ogres and ugly witches are put to demise by charming champions and where a petite seed becomes a giant beanstalk that reaches high up into the sky where another world dwells with gold and treasures. Fragments of a 4000-year-old papyrus found in Egypt tells that Egyptians enjoyed hearing stories that sound much like those we read and tell today. Adults and children passed winter nightfall sitting around the fireplaces of their homes, listening to a beloved tale bearer relate secretive and magical tales of escapade and horror, long before the printing press was invented. These tales were repeated again and again. The more people hear these stories, the more familiar they become to the ears. Consequently, more and more hearers loved to hear them. Parents of...

MECHANICAL CHEMISTRY

Questions were asked if the Mechanical Engineering profession deals with pure mechanical alone, or does also study chemistry and other sciences. The big answer is YES! Mechanical engineers also study the chemistry behind the different materials they use in designing. Talking about Material Science, mechanical engineers delves into determining the best matetial for different applications. Though this is of material stength, but this mostly dependa on the chemistry of the material like the amount of Carbon, Zinc, Copper, Iron, and many more for testing support loads, stiffness, brittleness, and the like properties - which is very crucial for many construction, automobile, and medical materials. Published: February 10, 2019

History Challenged

Search This Blog