42 History of Everything: The Wacky Story of Banking

History of Everything

Education, History, Society & Culture

4.8 • 691 Ratings

🗓️ 9 September 2022

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Banks have existed since at least the 14th century. They provide a safe place for consumers and business owners to stow their cash and a source of loans for personal purchases and business ventures. In turn, the banks use the cash that is deposited to make loans and collect interest on them. The basic business plan hasn't changed much since the Medici family started dabbling in banking during the Renaissance, but the range of products that banks offer has grown drastically. Join me and Bard as we go through this story Bonus episodes as well as ad-free episodes on Patreon. Find us on Instagram. Join us on Discord. Submit your relatives on our website Join the Book Club on Chirp Get some delicious COFFEE Podcast Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media podcast.
0:06.4	Hello, this is Matt and McKinley from History Dispatches.
0:12.3	We are the father-son duo bringing you the weird, the wild, the wacky, and the craziest tales from across time.
0:17.8	From the ice bowl to the great heathen army.
0:20.4	And the head of Oliver Cromwell, the same head
0:22.7	they kept on a pike for three years?
0:24.7	Yep.
0:25.3	All here on History Dispatches.
0:27.3	New episodes every weekday.
0:29.2	Find out more at history dispatches.com or wherever you get your podcast app.
0:34.9	Hello, everyone.
0:36.0	Suckoo-you here and welcome back to the podcast.
0:38.5	I am actually joined here today by one of the head admins here of my Discord, Austin,
0:44.8	also known as Bard if you happen to be a member of the Discord.
0:48.6	But the reason why I brought him on board today is that today we were going to be talking
0:54.1	about the history of banking,
0:56.4	which I guess mind you is a thing.
0:58.0	It's a very specific thing to be talking about, but please note from anything that we have
1:02.8	talked about on this channel, you know that we are very specific from like the history of
1:08.0	potatoes to a very niche weapon to we did the fur trade like if we're
1:12.6	talking economics i did a whole history of the fur trade but that wait no hold on that wasn't
1:17.3	for that wasn't for the main podcast that was a patron exclusive yeah that was for your patrons
	...

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