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Russia, Austria-Hungary, Portugal, the Latin Monetary Union, Germany and Switzerland
The Bank of Russia Paper currency was first issued in Russia in 1768. It was offered greater convenience than the copper money, which it...
Nature and Ideas
Dec 22, 202412 min read
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A History of Banking: Hamburg and Sweden
The idea of bank notes can be best understood by tracing the history of the banking practices of the Bank of Amsterdam , the Bank of...
Nature and Ideas
Dec 1, 20245 min read
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A History of Banking: The Bank of Amsterdam
At the end of the 16th century, Amsterdam was a major hub for international trade. ¹ The city attracted foreign merchants due to its...
Nature and Ideas
Dec 1, 20246 min read
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A History of Banking: Florence
The Tuscan region in Italy was known for its wool and silk industries. ¹ In the late 11th century, Florentine merchants began...
Nature and Ideas
Dec 1, 20247 min read
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A History of Banking: Venice
The prosperity of the Italian city-states during the second half of the Middle Ages was based on a simple plan: collecting money from...
Nature and Ideas
Dec 1, 20246 min read
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A History of Banking: Early Banking
Before the founding of the Bank of Venice in 1171, there was hardly any form of institution that could be called a bank. ¹ Even the Bank...
Nature and Ideas
Dec 1, 20246 min read
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