Encyclopedia of Early Modern History Online

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Savings bank
(1,156 words)

1. Idea and beginnings

Savings banks are financial institutions that emerged in the late 18th century, inspired by the Enlightenment. There had been similar projects in Northern Europe earlier, such as the mont-de-piété (mount of piety, a public pawn shop as a charitable institution based on an Italian ecclesiastical model) of Hugues Delestre in Paris (1611) and Daniel Defoe’s project of a “pension office” in England (1697), conceived on the …

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North, Michael and Bracht, Johannes, “Savings bank”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 02 June 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_027738>
First published online: 2015
First print edition: 20210601

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