How did Medieval Banking Work? Documentary
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Date: 2022-07-19
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Comments and reviews: 19
Nigel
Even before the late middle ages, during the Crusades the Knights Templar became the first truly International bankers, pilgrims could deposit money with Templar houses in various European countries and receive a certificate of deposit that could be exchanged for cash as and when needed. The actual financial details were always in the Templar's own sophisticated code to ensure security.
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Even before the late middle ages, during the Crusades the Knights Templar became the first truly International bankers, pilgrims could deposit money with Templar houses in various European countries and receive a certificate of deposit that could be exchanged for cash as and when needed. The actual financial details were always in the Templar's own sophisticated code to ensure security.
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Jeff
One stone crumbles and another takes its place and the temple holds its form for a thousand years or more. And that's what the Medici Bank is, a temple. We all live in its shadow and almost none of us know it. You can't run from them, you can't cheat them, you can't sway them with excuses. If you owe them money and you don't want to crumble yourself, you pay it back.
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One stone crumbles and another takes its place and the temple holds its form for a thousand years or more. And that's what the Medici Bank is, a temple. We all live in its shadow and almost none of us know it. You can't run from them, you can't cheat them, you can't sway them with excuses. If you owe them money and you don't want to crumble yourself, you pay it back.
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Jolly
A great example was the bankng system used by the Knights Templar. People going on pilgrimages could deposit their money in Paris and get it out in the Holy land. The Templars were allowed to lend money and charge interest. This made the Templars rich and they loaned huge sums to the French king. who had them all tortured and burned alive as heretics.
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A great example was the bankng system used by the Knights Templar. People going on pilgrimages could deposit their money in Paris and get it out in the Holy land. The Templars were allowed to lend money and charge interest. This made the Templars rich and they loaned huge sums to the French king. who had them all tortured and burned alive as heretics.
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Ray
I wonder how banking families survived the Middle Ages in they were forced to lend large sum of money to Kings and had no recourse if the loan wasn't returned, maybe because the King lost the war.
May be they invented the Fiat Money before anyone could know?
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I wonder how banking families survived the Middle Ages in they were forced to lend large sum of money to Kings and had no recourse if the loan wasn't returned, maybe because the King lost the war.
May be they invented the Fiat Money before anyone could know?
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Jeff
One of the few occupations allowed to medieval Jews was banking, specifically because of the Christian prohibition on charging interest. Shakespeare's play The Merchant of Venice is all about this situation.
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One of the few occupations allowed to medieval Jews was banking, specifically because of the Christian prohibition on charging interest. Shakespeare's play The Merchant of Venice is all about this situation.
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Ray
Reminded me of the Banking Clan in Star Wars, and their ugly faces. They begun the fight, but in reality they were in cahoots with Sheev Palpatine, which was known to them as Darth Sidious.
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Reminded me of the Banking Clan in Star Wars, and their ugly faces. They begun the fight, but in reality they were in cahoots with Sheev Palpatine, which was known to them as Darth Sidious.
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AdamESD
Once, I borrowed money on really good terms and remarked Thank you so much. I dont know how I will ever repay you. No, really, I dont. They werent quite as amused as I was by the joke.
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Once, I borrowed money on really good terms and remarked Thank you so much. I dont know how I will ever repay you. No, really, I dont. They werent quite as amused as I was by the joke.
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Till
I think that as a follow-up and companion piece a video on the rise of the house of the Fuggers might be interesting. Jakob Fugger was probably as rich or even richer than Bezos is today.
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I think that as a follow-up and companion piece a video on the rise of the house of the Fuggers might be interesting. Jakob Fugger was probably as rich or even richer than Bezos is today.
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Dna
You can place your money, travel to the other side of the worls and retreive the money no problem.
Tell that to Bank of America. I dont think they knew it was possible.
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You can place your money, travel to the other side of the worls and retreive the money no problem.
Tell that to Bank of America. I dont think they knew it was possible.
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JoseRicardo
I mean, is the same today as well. Politicians use their power to force bankers to do what they want even if the bank go bankrupt (like in the 2008 recession)
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I mean, is the same today as well. Politicians use their power to force bankers to do what they want even if the bank go bankrupt (like in the 2008 recession)
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Rafael
Questions Did the templars loan money to the french king? Did the king cooked the rumors of witchcraft with the Pope to steal and kill them and steal their money?
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Questions Did the templars loan money to the french king? Did the king cooked the rumors of witchcraft with the Pope to steal and kill them and steal their money?
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moismyname
Banking hasn't changed all too much throughout European history?
The entire monetary system has changed massively throughout European history.
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Banking hasn't changed all too much throughout European history?
The entire monetary system has changed massively throughout European history.
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Catbird
It always amazes me how things that today seem to require minute technology were maintained in time periods with signficantly less technology
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It always amazes me how things that today seem to require minute technology were maintained in time periods with signficantly less technology
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Creative
Banks havent changed that much? Are you joking? The ENTIRE principal of banking has completely changed with the fractional reserve system.
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Banks havent changed that much? Are you joking? The ENTIRE principal of banking has completely changed with the fractional reserve system.
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Daniel
You don't hear Christians or Jews worrying much about the sin of usury anymore. In fact, it is now the core principle of our entire economy.
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You don't hear Christians or Jews worrying much about the sin of usury anymore. In fact, it is now the core principle of our entire economy.
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dmfuerte
Bankers: what if we got rid of the aristocracy and established some kind of new world order where we centrally planned world affairs.
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Bankers: what if we got rid of the aristocracy and established some kind of new world order where we centrally planned world affairs.
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History
Getting blacklisted by banks because you pay your debts on time and in general are a good customer has to be the funniest shit
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Getting blacklisted by banks because you pay your debts on time and in general are a good customer has to be the funniest shit
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William
0: 00 - 0: 06 lol, there are 195 countries on earth from which to choose, and you chose the one where this is no longer true.
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0: 00 - 0: 06 lol, there are 195 countries on earth from which to choose, and you chose the one where this is no longer true.
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calimanduff
So does the lack of kings in reneissance Italian republics help explain why the bank families there were so successful?
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So does the lack of kings in reneissance Italian republics help explain why the bank families there were so successful?
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