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The Origin of Banking: Religious Finance in Babylonia

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  • Bromberg, Benjamin

Abstract

The economic importance of the sanctuaries of antiquity has long JL been recognized. The Babylonian shrines were no exceptions; not only were the chief Mesopotamian temples religious centers, law courts, schools, and archive depositories, but they were also banks and mercantile establishments. Indeed, as fiscal institutions of the Babylonian economy, the importance of the sanctuaries cannot be overemphasized: “In financial or monetary transactions the position of the Babylonian temples was not unlike that of national banks; they carried on their business with all the added weight of official authority.”

Suggested Citation

  • Bromberg, Benjamin, 1942. "The Origin of Banking: Religious Finance in Babylonia," The Journal of Economic History, Cambridge University Press, vol. 2(1), pages 77-88, May.
    • Handle: RePEc:cup:jechis:v:2:y:1942:i:01:p:77-88_05
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    Cited by:

    1. Vojtěch Müllner & František Svoboda, 2020. "První teorie úvěru a její instituce: dobročinné úvěrové instituce v hospodářských dějinách západu [First Theory of Credit and its Institutions: Benevolent Credit Institutions in an EconomicHistory ," Politická ekonomie, Prague University of Economics and Business, vol. 2020(2), pages 213-236.
    2. Cristina Lidia MANEA, 2016. "Financial products as alternatives to traditional deposits," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(137), pages 526-526, April.

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