Skip to main content

Posts

Showing posts with the label Economic history

About the Arab

   The region of the practice of Islam and the auspicious life of its last Prophet Muhammad About the Arab is the country called Arabia.  For this reason, it is also called the cradle and homeland of Islam, there are the Qiblah and Kaaba and many other important monuments and centers of Islam.  Therefore, it is important that we get the necessary information about this country. Arabic causative adjective: There are opinions about the name Arab: One is that Arab means desert and desert.  That is why this country got its name and the inhabitants of this place also gave it their own name.  Another opinion is that Arab means  The most eloquent and eloquent speakers, as the people living here considered the language to be the most eloquent and eloquent and themselves the best language speakers, so their country and they themselves were called Arabs.  He called the rest of the people Mujam, meaning speechless and dumb.  The second opinion is not mo...

History of Banks in the World. Learn about the emergence and development of banks

The history of the world's banks has blended with the history of commerce, from the time when the first money changers worked on terraces, until the emergence of luxury banking branches in the twentieth century. The history of the emergence of banks in the world The term bank (derived from the word "banc" meaning "terrace") appeared around the eighth century, generally referring to Jews who moved from town to town to sell goods and to exchange for municipalities or princes, in particular. This practice remained the main concern of financiers for many centuries, because trade was not very active. This is until the period when the era of the Lombards began, who were merchants and moneylenders at the same time, settled in many cities, and controlled all commercial activities. They therefore very quickly became influential persons, both commercially and financially, which is why the princes granted them many privileges to which they responded, in return, by granting...

History of Money in the United States. From worthlstem

 Nowadays, many do not use coins or papers, and reliance on credit, debit or even mobile cards has increased significantly, but before all that, all currencies, especially the US currency, have undergone transformations associated with important economic and political events, according to Business Insider. The dollar tended to redden instead of the current green color and the currency was almost worthless after the Revolutionary War, and the US currency was associated with shaping the framework of the financial industry and the economy in the United States until it dominated the world. 1- Continental currency (1775 – 1790) In order to finance the Revolutionary War, the Continental Congress (a grouping of representatives of 13 colonies who later formed the U.S. administration) issued paper currency backed by (expected) tax revenues, the first to be federally issued. Without strong support and easy counterfeiting, the continental currency collapsed so quickly that there was a phrase ...