who was the first money lender who charged interest going back to bibilical times?
971077
The Knight's Templar were the first to have a system that was the closest to how current banks work. I'm unsure as to whether there was any interest...
293751
Why would *you* charge interest on money *I* borrow?
112716
Speculation in the 1920s caused many people to by stocks with loaned money and they used these stocks as collateral for buying more stocks. Broker's loans went from under $5 million in mid 1928 to $850 million in September of 1929. The stock market boom was very unsteady, because it was based on borrowed money and false optimism. When investors lost confidence, the stock market collapsed, taking them along with it.\n\n\ncheck out the source, it has more information
832104
Prior to the Euro the Italian currency was the Lira. Prior to the Lira it was the "livres" - which was used in Italy during Napoleon's rule - from the late 1700 and well into the early/mid 1800's.\nHope this helps.
1070826
First USA Bank became Bank One and Bank One is now Chase.\nBest Answer Enjoy.
783682
Who was the idiot who told you to borrow money to build credit? to build your credit pay all of your bills on time.
1113698
they borrowed the money, they should pay it back.
331671
.\n.\n.\nIn the beginning the Bank was the Government's banker; managing the Government's accounts and providing and arranging loans to the Government. It was also a commercial bank, dealing in bills - the then total equivalent of overdraft finance, furnishing finance for trade and took deposits and issued notes. The concept 'credit' or imaginary money' emerged during this period also. It was realised that money could take on new forms, possess no intrinsic value and yet still retain qualities to fulfil payment obligations. Therefore at the same time that the National Debt was born, paper money came into existence. \n\nDuring the 18th and early 19th centuries great demands were placed on the Bank for finance; the National Debt grew from £12 million in 1700 to £850 million by 1815, the year of Napoleon's defeat at Waterloo. However, in creating credit-issuing notes that were not fully backed by cash (gold) in hand, but were partly supported by credit given to the Government or by commerce - rendered itself liable to its depositors wanting all their money returned at once. The Bank therefore, needed to retain a prudent reserve of gold to ensure liabilities could be met on demand. This can be seen as the beginning of a policy of monetary stability. \n\nEventually, though, prudence and discretion proved insufficient. The Bank was the nation's bank, and at times of natural crisis its gold reserve was needed for national purposes.\n\n.\n.\n.\n\n1946: Bank of England nationalised\nNationalisation, after the Second World War, made little immediate practical difference to the Bank. The Bank remained the Treasury's adviser, agent and debt manager. During and for years after the war it administered exchange control and various borrowing restrictions on the Treasury's behalf. However, a revival of interest in monetary policy during the high inflation period of the seventies ultimately led to a re-evaluation of the role of the Bank of England.\n\n1997: Bank now responsible for monetary policy and the creation of the United Kingdom Debt Management Office\nIn 1997 the Government announced its intention to transfer full operational responsibility for monetary policy to the Bank of England. The Bank was given its independence as a central bank. Debt Management on behalf of the government was continued through the creation of the UK Debt Management Office, an executive agency of HM Treasury. The Bank's regulatory functions passed to the Financial Services Authority. ( http://www.dmo.gov.uk/bginfo/bofe.htm )
1040534
The question so simplified that I don't think anyone can give you a name.  I'm sure that the first person who ever bought and sold a product of any kind , at the end of the day, sat down and totaled his outlay, cost of all his goods, subtracted that from all the money he had received that day, and presto knew how much profit he derived.  "Profit" in this context is a misnomer and\nis too simplified to function in the real business world.\nThat's another world.
948195
Go to www.ft.com, (England, Financial times)\n\nThere is an archive section there for you to go back and\ncheck this sort of stuff
448988
1966 I  THINK\nSame time pounds changed to dollars
707928
Template letter for claiming back your bank charges here ---> http://www.moneytowers.com/2006/banking-credit/template-for-claiming-back-unfair-bank-charges/\n\nWorked well for me :)
233582
"9,000 -- 6,000 BC: Cattle\nCattle, which include anything from cows, to sheep, to camels, are the first and oldest form of money. With the advent of agriculture came the use of grain and other vegetable or plant products as a standard form of barter in many cultures."\n\nhttp://www.pbs.org/wgbh/nova/moolah/history.html
53957
The old Greece.They had first improvised banks in history.
900883
You are correct; \n\nIf you borrow ₤1500 at the interest of 14%\n\nYou will be paying back ₤1710 as the interest is ₤210 (value of 14% of ₤1,500)\n\nYou will be paying the Principal (₤1,500) plus the interest (₤210)\ngiving you a total of ₤1710.\n\nYou are not stupid, no one knows it all.
620163
name the bank and country...
812156
you can have a negative amortization loan where unpaid interest is added to principal