Written by Christophe Cieters. During the 14th century Renaissance in Northern Italy, banks as we know them today started to form in earnest. Gold and silver were still the dominant media of exchange; people used precious metals in their daily transactions and banks acted as highly secured storage facilities and intermediaries between potential lenders and creditors. When it came to gold and silver, a “bank” had usually simply been a gold smith at first. Due Read More
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