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To: Ilaine who wrote (17799)4/4/2002 7:13:12 AM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
Lombards? So Venetians copycatted? btw, I know there was Genua, and above all Venice, but Lombards...

I guess Quicken is addictive - especially if its 2002 version. Two twoes and two zeroes, a lot of double-somethings, so double-entries are forced upon the user;).

As next post my tangent these days.

dj



To: Ilaine who wrote (17799)4/4/2002 8:07:03 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 74559
 
cb - lots a fun <g>
I had in memory that the Lombards were bankers. The "Lombard rate" (n. (EN) Rate at which a central bank provides loans to banks secured against first class paper.
glossaries.axone.ch ) is still used in financial lingo. Outside the FOMC <vbg>.

If I am correct, Arabic merchants had a sort of non-written bill of exchange, promisses to pay, that still functions today.

Found an ancient example of bill of exchange economics.utoronto.ca
between Bruges (Belgium) and Barcelona (Spain) dated 1399.

Double-entry bookkeeping came in the same period (Genoa 14th century), but at merchants (no bankers) ams.org
franzarlinghaus.de

EDIT: How did Marco Polo paid the Chinese silk?