July 16, 1661
The first banknotes in Europe are issued by the Swedish bank Stockholms Banco.
Commentary
Commentary
On July 16, in the year 1661:
The first banknotes in Europe are issued by the Swedish bank Stockholms Banco.
A banknote or bank note – also called a bill or simply a note – is a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand.
Why July 16, 1661 matters:
The first banknotes in Europe are issued by the Swedish bank Stockholms Banco.
What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.
Historical context: July 16, 1661
The Early Modern era accelerated global exchange of ideas, goods, and technologies, expanding science, navigation, and everyday material culture.
The event on this day: The first banknotes in Europe are issued by the Swedish bank Stockholms Banco.
Source: https://en.wikipedia.org/wiki/Banknote (Wikipedia, CC BY-SA)
Sources: Wikipedia (CC BY-SA)
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