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World's First Thing

Monday, Dec 23, 2013, 4:31 pm




#12 First Bank

The first bank, as we would recognize it, was in Italy and was called Monte Dei Paschi di Siena. It was founded in 1472 and indeed parts of it still survive to this very day. It followed rules and regulations that we would generally recognize and it certainly helped to regulate a growing industry and turn it into what we know today.

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