Learning Track
Economics & Finance
Trace the development of economic institutions from early trade networks to modern global finance.
14 entries ยท Chronological order
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Sumerian Temple Economy
3500 BCEInstitutional FormAncient Mesopotamian system where temples served as economic centers managing agriculture, labor, and redistribution
Hanseatic League
1150 CEMedieval commercial confederation that dominated Baltic and North Sea trade for centuries
Medici Bank
1397 CERenaissance banking dynasty that pioneered international finance and funded the Italian Renaissance
The Corporation
1600 CEInstitutional FormLegal entity enabling collective ownership, limited liability, transferable shares, and perpetual existence
British East India Company
1600 CETrading company that became a colonial power, ruling much of India and shaping global commerce for over two centuries
Dutch East India Company
1602 CEFirst multinational corporation and publicly traded company, pioneering modern capitalism
Amsterdam Stock Exchange
1602 CEWorld's first official stock exchange, creating the template for modern securities markets
Central Banking
1668 CEInstitutional FormInstitutional form for managing national monetary policy, currency issuance, and financial stability
Lloyd's of London
1688 CEWorld's oldest and leading insurance marketplace, pioneering risk assessment and underwriting practices
Bank of England
1694 CEThe world's most influential central bank model, shaping modern monetary systems
Federal Reserve
1913 CEUnited States central bank controlling monetary policy and serving as lender of last resort
World Bank
1944 CEInternational development institution providing loans and grants to reduce poverty in developing countries
International Monetary Fund
1944 CEGlobal institution promoting international monetary cooperation and financial stability
World Trade Organization
1995 CEInternational body governing global trade rules and resolving disputes between trading nations