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We should be able to look at how well institutions last and see in gradually grow, modulo certain black swan events. Before the 1900s, how many banks lasted mor

We should be able to look at how well institutions last and see in gradually grow, modulo certain black swan events. Before the 1900s, how many banks lasted more than a hundred years? Now many of our banks can trace their lineage that far back. Constitutions and national borders also seem to be growing more stable over time.

Jensson 5y ago
> Before the 1900s, how many banks lasted more than a hundred years? Lots of banks. Honestly, I have a hard time finding a bank that is large today that were created in the 1900s. Most seems to come from 1700s and early 1800s. https://en.wikipedia.org/wiki/List_of_oldest_banks_in_continuous_operation https://en.wikipedia.org/wiki/List_of_oldest_banks_in_contin... I think the biggest reason you don't see more banks is that the concept of a bank is fairly novel, and they exploded in popularity with the printing press and industrialization. World war 1 and 2 didn't end these big banks, and if they can survive those then they can survive most things.