Advertisement

Money, Trade, and Payments in Preindustrial Europe

  • Meir KohnEmail author
Reference work entry
  • 38 Downloads

Abstract

The means of payment and remittance initially available in preindustrial Europe—coin and bullion—were quite inadequate to the needs of commerce. So commerce developed its own system of payment and remittance based on the transfer of IOUs. We will examine how this system of payment and remittance evolved—first its initial development during the Commercial Revolution, and then its continuing evolution in subsequent centuries. We will conclude by considering how the evolution of this system contributed to the development of commerce and to economic progress in general.

Keywords

Payments Remittance Pre-industrial Europe Banks Bills of exchange 

References

  1. Abulafia D (1997) The impact of Italian banking in the late middle ages and renaissance, 1300–1500. In: Teichova A, van Hentenryk GK, Ziegler D (eds) Banking, trade, and industry: Europe, America, and Asia from the thirteenth to the twentieth centuries. Cambridge University Press, Cambridge, pp 17–34Google Scholar
  2. Ashtor E (1983) Levant trade in the later middle ages. Princeton University Press, PrincetonGoogle Scholar
  3. Barber M (1994) The new knighthood: a history of the order of the temple. Cambridge University Press, Cambridge/New YorkGoogle Scholar
  4. Blockmans W (1992) Bruges, a European trading center. In: Vermeersch V (ed) Bruges and Europe. Fonds Mercator, AntwerpGoogle Scholar
  5. Blomquist TW (1990) Some observations on early foreign exchange banking based upon new evidence from thirteenth century Lucca. J Eur Econ Hist 19(2):353–375Google Scholar
  6. Boyer-Xambeu M-T et al (1994) Private Money & Public Currencies: the 16th century challenge. M.E. Sharpe, ArmonkGoogle Scholar
  7. Braudel F (1984) The perspective of the world. Harper & Row, New YorkGoogle Scholar
  8. de Roover R (1944) Early accounting problems of foreign exchange. Account Rev 19:381–407Google Scholar
  9. de Roover R (1948) Money, banking and credit in mediaeval Bruges. The Mediaeval Academy of America, CambridgeGoogle Scholar
  10. de Roover R (1954) New interpretations of the history of banking. J World Hist 2:38–76Google Scholar
  11. de Roover R (1974) Business, banking, and economic thought. University of Chicago Press, ChicagoGoogle Scholar
  12. Farmer D (1991) Marketing the produce of the countryside, 1200–1500. In: Miller E (ed) The Agrarian history of England and Wales, vol III. Cambridge University Press, London, pp 1348–1500Google Scholar
  13. Grafe R (2001) Northern Spain between the Iberian and Atlantic worlds: Trade and regional specialization, 1550–1650. In: Economic History. London School of Economics and Political Science, LondonGoogle Scholar
  14. Lane FC (1937) Venetian bankers, 1496-1533: a study in the early stages of deposit banking. J Polit Econ 45:187–206CrossRefGoogle Scholar
  15. Mueller RC (1997) The venetian money market: banks, panics, and the public debt 1200–1500. Johns Hopkins University Press, BaltimoreGoogle Scholar
  16. Nicholas D (1979) The English trade at Bruges in the last years of Edward III. J Mediev Hist 5:23–61CrossRefGoogle Scholar
  17. Nicholas D (1992) Medieval Flanders. Longman, LondonGoogle Scholar
  18. Parker G (1977) The emergence of modern finance in Europe 1500–1730. In: Cipolla CM (ed) The Fontana Economic History of Europe. Volume 2: The Sixteenth and Seventeenth Centuries. Harvester Press, New York, pp 527–594Google Scholar
  19. Pressnell LS (1956) Country banking in the industrial revolution. Clarendon Press, OxfordGoogle Scholar
  20. Spufford P (1988) Money and its uses in medieval Europe. Cambridge University Press, CambridgeCrossRefGoogle Scholar
  21. Usher AP (1934) The origins of banking: the primitive banks of deposit 1200–1600. Econ Hist Rev 4:399CrossRefGoogle Scholar
  22. van der Borght R (1896) The history of banking in the Netherlands. In: A history of banking in all the Leading nations, vol IV. The Journal of Commerce and Commercial Bulletin, New York, pp 191–371Google Scholar
  23. Van der Wee H (1963) The growth of the Antwerp market and the European economy. Martinus Nijhoff, The HagueGoogle Scholar
  24. Van der Wee H (1977) Monetary, credit and banking systems. The Cambridge economic history of Europe. In: Rich EE, Wilson CH (eds) The Economic Organization of Early Modern Europe, vol V. Cambridge University Press, Cambridge, pp 290–393Google Scholar
  25. Van der Wee H (1993) The low countries in the early modern world. Variorum, AldershotGoogle Scholar
  26. van Dillen JG (1934) The Bank of Amsterdam. In: van Dillen JG (ed) History of the Principal Public Banks. Martinus Nijhof, The Hague, pp 79–123Google Scholar

Copyright information

© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  1. 1.Department of EconomicsDartmouth CollegeHanoverUSA

Personalised recommendations