Picture from Encarta
 
Italian Banking in the 14th Century Italian Banking in the 14th Century
Stock Market Crash Stock Market Crash

Italian Banking in the 14th Century

Italian Banking in the 14th Century
Banks first emerged in the Middle Ages when people grew tired of carrying around all their gold and began leaving their money with the goldsmith. The Medici family, one of the most prominent banking families in Europe during this time, became quite wealthy from its banking and moneylending practices. This 14th-century painting depicts people depositing and withdrawing money in an Italian bank.
Hulton Deutsch
Appears in these articles:
Renaissance; Banking; Medici
* Exclusively for MSN Encarta Premium Subscribers. Join Now
MSN Encarta Premium
Upgrade your Encarta experience
Encarta RSS Feeds
© 2008 Bell Inc., Microsoft Corporation and their contributors. All rights reserved.