Token accounting in ancient Mesopotamia

Map of the Middle East showing the Fertile Cresent circa. 3rd millennium BC The earliest accounting records were found amongst the ruins of ancient Babylon, Assyria and Sumeria, which date back more than 7,000 years. The people of that time relied on primitive accounting methods to record the growth of crops and herds. Because there [...]

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History of banking

The Washington Mutual Tower in Seattle, Washington The first banks were probably the religious temples of the ancient world, and were probably established in the third millennium B.C. Banks probably predated the invention of money. Deposits initially consisted of grain and later other goods including cattle, agricultural implements, and eventually precious metals such as gold, [...]

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