If you are doomed to repeat history, let's hope you can pick your era. Once upon a time, business bankruptcies resulted in jail time (if you were lucky), treasurers defended their funds with a sword, and financial planning was tested by plagues and fire. Things improved during the American Revolution, when the father of our country also proved to be one of its best bookkeepers. But accounting couldn't keep up during the Industrial Revolution, with disastrous consequences for workers. If you tend to think of history as the third quarter of the last fiscal year, it may be time to learn a little bit more about your profession's checkered past.
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