StoryNote logo

Are complex financial instruments like derivatives a strictly modern phenomenon? I.e., are there examples of civilizations in other time periods with complex financial systems? Or is this strictly a byproduct/facet of modern capitalism?

by /u/shane_4_us in /r/AskHistorians

Upvotes: 71

Favorite this post:
Mark as read:
Your rating:
Add this post to a custom list

StoryNote©

Reddit is a registered trademark of Reddit, Inc. Use of this trademark on our website does not imply any affiliation with or endorsement by Reddit, Inc.