Need an argumentative essay on Banker institutions. Needs to be 8 pages. Please no plagiarism.Download file to see previous pages... Banker institutions play as an intermediary. It provides different

Need an argumentative essay on Banker institutions. Needs to be 8 pages. Please no plagiarism.

Banker institutions play as an intermediary. It provides different types of financial services to both. Banker institutions contribute enormously and significantly in the expansion of economy of any country and development. It facilitates trade, savings and investment. These institutions work as intermediaries and with the help of several instrument and products for different segments of the population and facilitate their customers to grow all-round. The financial market consists of money market and capital market. The former consists of buying/selling of lending/borrowing instruments whereas the later concerns with share, equity etc.

Human being is often called as social animal. As the society progresses needs of human being increased leaps and bounds. The earliest financial system comes into knowledge is the' Barter system' in which goods were exchanged. Later on when money comes into existence some sort of informal banking comes into the society. Banking history holds evidences way back to Babylonian civilization. Greeks hold further evidences of banking. Romans later on perfected the administrative aspect of banking and saw greater regulation of financial institutions. Modern economic and financial history is usually traced back to coffee houses of London. The London royal exchange was established in 1565. Banking offices were usually located near centers of trade and in the late 17th century the largest centers for commerce and trade were the ports of Amsterdam, London and Hamburg. By the early 1900s New York was beginning to emerge as a world financial center. Companies and individuals acquired large investments in (other) companies in the US and Europe, resulting in the first true market integration. This comparatively high level of market integration proved especially beneficial when World War I came-both sides in the conflict sought funds from the United States, by issuing new securities and selling existing holdings, though the Allied Powers raised by far the larger amounts. Being a lender to the world resulted in the largest growth of a financial economy to that point. Banks during the 1920s were with either the crash or the subsequent depression of the 1930s. Nonetheless, there were three prominent results from these events that had great effect on American banking. The first was the passage of the Banking Act of 1933 that provided for the Federal Deposit Insurance system and the Glass-Steagall provisions that completely separated commercial banking and securities activities. Second was the depression itself, which led in the end to World War II and a 30-year period in which banking was confined to basic, slow-growing deposit taking and loan making within a limited local market only. And third was the rising importance of the government in deciding financial matters, especially during the post-war recovery period. As a consequence, there was comparatively little for banks or securities firms to do from the early 1930s until the early 1960s.