The First Schools Our modern schools are the successors of the ancient Roman and Greek schools. Initially in Greece the teachers taught only a single pupil at a time in fact the singular teacher and pupil relationship existed elsewhere in the world as well. Over a period of time these teachers began to hold teaching classes where more than one pupil was taught at the same time. As a result of...

Mathematics It is difficult to imagine our modern way of life without mathematics, imagine what would happen if we could not measure things or calculate amounts. We would not be able to even weigh the vegetables we would like to buy or for that matter calculate the price payable for them. The need to measure how long or how much or how many is so great in our daily life that...

Stock Exchanges To collect money, to finance projects, companies and governments sell shares in those companies to the public. In exchange for pre-determined amounts, certificates of holdings in these companies are issued, these are known as shares, stocks and bonds. One may buy a share for a company for a small amount initially but if the company becomes profitable then the value of the share may multiply and people may be...

The First Banks Banks were originally meant to perform the services of accepting deposits from people and lending money on interest and they began in ancient Greece, Babylon and Egypt. In those days the deposits were made in the temples and it was much later, around 200 B.C., that the Romans passed laws which made banks and money changers official. The Italian money , changer’s carried out their business from benches...

Coins Coins are used as currency or money and are pieces of metal of a specific weight and bearing the seal or stamp of the issuing authority. The Lydians made the first coins in the 7th century B.C. and were called ‘staters’. Other people also saw the utility of these coins and they too started making their own and within the next century almost the entire Asia minor and Europe had...