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Greek locks, nevertheless, had been generally viewed as unsecure. It was the Romans who improved upon Greek and Egyptian locks by introducing metals as their main materials. Along with offering greater energy, Roman locks had been much smaller and keys may very well be worn in pockets or across the neck. Banking has since developed as a result of trade and commerce which, in turn, created wealth that required safe locations for storage. Given the financial tasks of banks and the development of their relationship with wealthy customers, these monetary institutions became the pure storage house for the valuables of their customers. The historical past of safekeeping by banks is best documented in the United States. The first American industrial financial institution, the Bank of North America, was founded in 1782, shortly adopted by the Bank of new York and the Bank of Massachusetts. None of these banks have been then concerned in safekeeping since commerce was still transacted via barter and little or no wealth was monetised or capable of storage.

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