son 4-The Boy and the Bank officer Part Two Backgroumd Iformation W BTL E ENTER
W B T L E Lesson 4—The Boy and the Bank Officer Part Two ENTER
son 4-The Boy and the Bank officer Background Information Contents I。 Author I。 Cultural Background W BTL E BAC
W B T L E Lesson 4—The Boy and the Bank Officer I. Author II. Cultural Background Background Information
son 4-The Boy and the Bank officer . Author About the Author Philip Ross(1939-)is an American writer based in New York. After working as a newspaper reporter for four years, he turned to freelance(自由职业作家) writing Many of his articles have appeared in the New yorker(《纽约人》), Reader' s Digest 《读者文摘》) and New york Times(《纽约时 报》). This text is taken from Strategies for Successful Writing: A Rhetoric and Reader, 3rd edition published by Prentice Hall, Inc. in 1993 in Englewood Cliffs, New Jersey. W BTL E The end of author
W B T L E Lesson 4—The Boy and the Bank Officer About the Author Philip Ross (1939— ) is an American writer based in New York. After working as a newspaper reporter for four years, he turned to freelance (自由职业作家) writing. Many of his articles have appeared in the New Yorker (《纽约人》), Reader’s Digest (《读者文摘》) and New York Times (《纽约时 报》). This text is taken from Strategies for Successful Writing: A Rhetoric and Reader, 3rd edition published by Prentice Hall, Inc. in 1993 in Englewood Cliffs, New Jersey. I. Author The end of Author
son 4-The Boy and the Bank officer II. Cultural Background Italian Banking in the 14th Century Banks first emerged in the Middle Ages when people grew tired of carrying around all their gold and began leaving their money with the goldsmith. The Medici family, one of the most prominent banking families in Europe during this time, became quite wealthy from its banking and money lending practices. This 14th-century painting depicts people depositing and withdrawing money in an Italian bank. W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer Italian Banking in the 14th Century Banks first emerged in the Middle Ages when people grew tired of carrying around all their gold and began leaving their money with the goldsmith. The Medici family, one of the most prominent banking families in Europe during this time, became quite wealthy from its banking and money lending practices. This 14th-century painting depicts people depositing and withdrawing money in an Italian bank. II. Cultural Background To be continued on the next page
son 4-The Boy and the Bank officer II. Cultural Background HISTORY OF BANKS Functions performed by banks today have been carried out by individuals, families, or State officials for at least 4,000 years. Clay Tablets dated from about 2000 Bc indicate that the Babylonians deposited personal valuables for a service charge of one 6oth of their worth Interest charges on loans ran as high as one third W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer HISTORY OF BANKS Functions performed by banks today have been carried out by individuals, families, or State officials for at least 4,000 years. Clay Tablets dated from about 2000 BC indicate that the Babylonians deposited personal valuables for a service charge of one 60th of their worth. Interest charges on loans ran as high as one third. II. Cultural Background To be continued on the next page
son 4-The Boy and the Bank officer II. Cultural Background The widespread commerce of Rome required a well-developed banking system. Roman authorities set aside the Street of Janus in the Forum for money changers. These individuals not only bought and sold foreign coins; they accepted deposits, made loans, issued bills of exchange and bills of credit (similar to today 's checks), and bought mortgages. W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer The widespread commerce of Rome required a well-developed banking system. Roman authorities set aside the Street of Janus in the Forum for money changers. These individuals not only bought and sold foreign coins; they accepted deposits, made loans, issued bills of exchange and bills of credit (similar to today's checks), and bought mortgages. To be continued on the next page. II. Cultural Background
son 4-The Boy and the Bank officer II. Cultural Background A 16th-century painting depicts a money changer and his wife The Justinian Code of the 6th century AD included laws that governed the lending and trading in money. During the Middle Ages banking activities were curbed by severe restrictions on lending practices. But during the early Renaissance, as international trade revived, italian money changers once again appeared. They did business in the streets from a bench(banca in Italian; hence the word bank). Florence, Italy, became a great banking center, dominated by the Medici family. W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer A 16th-century painting depicts a money changer and his wife. The Justinian Code of the 6th century AD included laws that governed the lending and trading in money. During the Middle Ages banking activities were curbed by severe restrictions on lending practices. But during the early Renaissance, as international trade revived, Italian money changers once again appeared. They did business in the streets from a bench (banca in Italian; hence the word bank). Florence, Italy, became a great banking center, dominated by the Medici family. To be continued on the next page. II. Cultural Background
son 4-The Boy and the Bank officer II. Cultural Background Built in the style of ancient Greek temple, the Bank of United States had its headquarters in Philadelphia. It was the nations first experiment with central banking. Bankof America Hig igher Standards W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer Built in the style of ancient Greek temple, the Bank of United States had its headquarters in Philadelphia. It was the nation’s first experiment with central banking. To be continued on the next page. II. Cultural Background
son 4-The Boy and the Bank officer II. Cultural Background Banking as it is now practiced dates from the Banco di rialto, founded in Venice in 1587. It accepted demand deposits and permitted depositors to transfer their credits by checks. It could not make loans, however, or pay interest on deposits. Its services were free since its expenses were paid by the city. The Banco Giro was formed in venice in 1619 The two banks merged in 1637 and continued to operate under the name Banco Giro until Napoleon liquidated it in1806 W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer Banking as it is now practiced dates from the Banco di Rialto, founded in Venice in 1587. It accepted demand deposits and permitted depositors to transfer their credits by checks. It could not make loans, however, or pay interest on deposits. Its services were free since its expenses were paid by the city. The Banco Giro was formed in Venice in 1619. The two banks merged in 1637 and continued to operate under the name Banco Giro until Napoleon liquidated it in 1806. To be continued on the next page. II. Cultural Background
son 4-The Boy and the Bank officer II. Cultural Background With the growth of commerce and trade in Northern Europe, the Netherlands became chartered public bank was opened in. K an international financial center The ban of Amsterdam was organized in 1609 Sweden in 1656. It was probably the first financial institution in the world to issue standard-size payable-on-demand bank bills, which eliminated the handling of copper coins. This bank was merged with the bank of sweden in 1668 W BTL E To be continued on the next page
W B T L E Lesson 4—The Boy and the Bank Officer With the growth of commerce and trade in Northern Europe, the Netherlands became an international financial center. The Bank of Amsterdam was organized in 1609. A chartered public bank was opened in Sweden in 1656. It was probably the first financial institution in the world to issue standard-size payable-on-demand bank bills, which eliminated the handling of copper coins. This bank was merged with the Bank of Sweden in 1668. To be continued on the next page. II. Cultural Background