-
banking
1600 - Chartering a trading company in 1600, the government not only backed it up with money, but when, in the eighteenth century the East India Company had come to be a great power, had by money domination, backed by the British government, which has always made the cause ... -
Banking
1608 - As to early appearances of the name in Ireland 'Seagerson' appears on the Hearth Money Rolls for Co. Armagh in the 7th century, and Sigerson of Halveston is found as a constable of Co. Kildare in 1608. Today it is most often considered a name of Co. Kerry and ... -
Banking
1619 - The Sephardic jews who settled in Hamburg at the end of the 16th century, were wealthy merchants with extensive trading connections oversees. Not only because of their involvement in the Hamburg Bank, founded in 1619, they supported the rise of Hamburg to an ... -
Banking
1633 The earliest extant English goldsmith's note is issued
Goldsmith's notes come to be used not only as receipts for reclaiming deposits but also as evidence of ability to pay. -
banking
1645 Paris mint is fully mechanised and starts production of milled coins
With the replacement of the ancient technique of hammering coins, minting has become fully mechanised. Improved productivity is not the only advantage. The milled edges prevent clipping and cutting and make counterfeiting more difficult. -
banking
1672 Charles II introduces the Stop of the Exchequer The goldsmiths refuse to lend more money to the king who has already borrowed huge sums and therefore he prohibits most payments from the exchequer, initially for a year and later ind -
banking
1698 Coins form less than half the English money supply
Davenant, a contemporary writer, estimates that the total value of coins in circulation is less than that of tallies, bills, banknotes etc. Increasingly the power of money creation is passing from the King, in charge of the mint, to the London money market and provincial banks. Political and constitutional power is also affected by this transfer of financial power. -
banking
1718 French Regent reorganizes Law's bank
Law's bank becomes the Banque Royale and is given a new charter placing the lucrative note-issuing business more directly under the control of the Regent. -
continentai currency
The Continetal congress issued paper currency to finance the revolutionary war. continental currency was denominated in spamish milled dollars. without solid backing and easilycounterfeited the notes quickly lost their value, giving rise to the phrase "not worth a continental" -
banking
1834 Sep 16, The Bank of the US abandoned its policy of loan curtailment as Nicholas Biddle moved to secure a new charter from the state of Pennsylvania. -
banking
1879 James Ritty (1836-1918) and his brother invented the 1st cash register. It was to combat stealing by bartenders in his Dayton, Ohio, saloon. The first model looked like a clock, but instead of the hands indicating hours and minutes, they indicated dollars and cents. Behind the dial two adding discs accumulated the total of the amounts recorded. Known as "the incorruptible cashier," with no cash drawer, it would show anyone within sight how much had been recorded. They received a pa -
banking
1910 Financiers in support of federal supervision of the banking system in the US held a clandestine meeting at the exclusive Jekyll Island Club off the coast of Georgia that eventually led to the formation of the Federal Reserve System. -
banking
1950 Feb, Frank McNamara paid for a meal at Major’s Cabin Grill in NYC with his newly invented Diners Club card. The cardboard card was the first charge card that could be used at multiple establishments. -
banking
1997 - The new $50 bill is introduced. The second note to be redesigned to include new security features, the reverse side also includes an enlarged number 50 in the lower right-hand corner to aid the low-vision community. -
banking
?The Treasury Department is looking to enhance the designs of bills every 7-10 years. This began with the $20 bill in October 2003. -
banking
On March 6th, 2004, Alice Regina Pike tried to pass a $1,000,000 bill at a Wal-Mart in Georgia (the largest bill in use is the $100). She might have gotten away if she only used a $200 bill!
