Editing Briefcase (section)

== History ==
Briefcases are descendants of the limp [[satchel]] used in the fourteenth century for carrying money and valuables. It was called a "budget", derived from the Latin word "bulga" or Irish word "bolg", both meaning leather bag (in Irish it also means 'stomach'), and also the source of the financial term "[[budget]]".

Godillot of Paris{{Citation needed|date=August 2022|reason=An anonymous user added this name in May 2006, without any explanation or source. A Google search finds many pages, but they seem to be derived from Wikipedia, not the other way.}} was the first to use a hinged iron frame on a [[carpet bag]] in 1826. There then followed the [[Gladstone bag]] and the Rosebery, an oval-top bag. Eventually these became the modern metal-framed briefcase. The first of what is known as the modern rectangular briefcase is said to have been invented in the late 1850s. In 2014, the global business bag market was $9.4 billion.<ref>{{cite news|last1=Bain|first1=Mark|title=The story behind the red box that Lee Kuan Yew carried everywhere|url=https://qz.com/369188/the-story-behind-the-red-box-that-lee-kuan-yew-carried-everywhere/|access-date=25 March 2015|work=[[Quartz (publication)|Quartz]]|date=25 March 2015}}</ref>