Why is the place where money was saved in ancient times called a bank, and now it is called a money house?

It is called Qianzhuang because some people in ancient times liked to deposit their money in some manors, so the place where they saved money was called Qianzhuang. The origin of Qianzhuang is also very interesting, because in the Qing Dynasty or previous dynasties, the currency circulating in the market was mainly silver. What about in the late Qing Dynasty? Silver? The word means silver, and then what? Okay？ It represents these ancient commercial banks or money houses, so the combination of these two words is a bank, and a bank has become a financial organization similar to a money house, which can provide people with the basic business of deposits and loans. Until the contemporary society, financial institutions in the market or around the world have been called banks, while the ancient financial institution Qianzhuang has disappeared.

The origin of ancient money houses in China is very representative, because at that time, due to the development of ancient economy, many folks had a lot of loose money at home, but they didn't want to leave their money at home and want to take it out to earn a little interest, so they concentrated their money in a place with the function of keeping money, which was called money houses or money houses.

By depositing money in the bank, people can earn some interest, which is a good way to manage money. As time goes by, these banks become stronger and stronger, absorbing a lot of idle private funds, and they also use these funds to invest and get rich.

In the late Qing Dynasty, the business of these banks was impacted by some foreign banks. Under the impact of these foreign banks, many banks closed down one after another because there were too many foreign capitals. Under the impact of these banks, they gradually disappeared. Instead, many banks founded by China people appeared on the land of the Qing Dynasty, such as Daqing Bank, the first bank in China.