Medieval Banking: The Influence of the Crusader States on European Banking

Tim Harford offers a short but useful piece on the medieval origins of modern banking—in the Knights Templar, the great fair of Lyon, and so on.* The Templars dedicated themselves to the defence of Christian pilgrims to Jerusalem. The city had been captured by the first crusade in 1099 and pilgrims began to stream in, […]

via Banking and value — occasional links & commentary

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