HELP QUICK..renaissance banking?

Question

PLS HELP QUICK IM STUK ON H.W...what are the toolS needed for simple banking in the renaissance

Answer 1

Some of this goes back before the Renaissance, but should help the context.

First, in the 12th to 13th century we see the foundations of the modern system of investment, including stock companies and "limited liability" (basis of wealth-producing sytems, including modern capitalism)
http://en.wikipedia.org/wiki/Stock_market#History


"Origins of the Joint-Stock Company"
by Nick Szabo
(an excerpt from a history of commercial institutions)
http://szabo.best.vwh.net/jointstock.html

"Social Origins of Democracy" -- in which the growth of commerce and related institutions (beginning esp in the latter part of the middle ages) played a signifiicant role. This article includes a discussion of the growth of political institutions in Italy from the 11th century through the Renaissance.
http://www.icpd.org/democracy/index.htm

For how Italy came to be important in banking in the period preceding the Renaissance, see:
http://en.wikipedia.org/wiki/Italian_Renaissance#European_economy

And for banking in Renaissance Italy (the importance of Florence, the Medicis, etc) see:
http://www.associatedcontent.com/article/22936/renaissance_banking.html
http://www.learner.org/exhibits/renaissance/florence.html

Answer 2

Most important, be a Jew or other non-Christian. Somewhere in the Old Testament, I think in Leviticus, there is a ban on charging interest on a loan. An early Pope had pronounced that this made it a sin for Christians to do it. Jews didn't take this view, and up to about 1500 AD they were the bankers of Europe. After 1500 there were also Protestants, who didn't pay much attention to anything that any Pope had ever said.