Financial history refers to the study of how money, banking, and financial systems have evolved over time. It examines the development of currencies, the rise of financial institutions, and the impact of economic events on societies. Key milestones include the establishment of central banks, the creation of stock markets, and the introduction of credit systems. Understanding financial history helps us grasp the complexities of modern economies. It reveals how past financial crises, such as the Great Depression and the 2008 financial crisis, shaped current regulations and practices. By analyzing these events, we can learn valuable lessons to prevent future economic downturns.