Before electronic banking, how did wealthy businessmen keep track of their earnings?

Question

Before electronic banking, how did wealthy businessmen keep track of their earnings?

In: 399

Answer 1

Fun fact prior to the wide spread adoption of calculators and digital computers the math for things like loans and insurance had to all be done by hand. This was a job primarily done by women, and the term for this career was Computers. That’s where the term originated.

Prior to digital Computers banks, businesses, business men, etc relied on Accountants just like they do today but everything was done on ledgers with pen and paper.