Medieval Money and Currency Systems #history #medievalhistory ‪@Stories.BeforeSleep‬
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Medieval Money and Currency Systems #history #medievalhistor…
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Before banks, how did people store and borrow money? During the Middle Ages, the traditional place to store your wealth was on your property. Kings would even keep the national treasury stored in their castles. Those who were forbidden to own land—primarily Jewish populations—had to be more creative. Since they couldn’t invest in property, Jews had to hold their profits in cash. They could then loan out this cash with interest—something Christians weren't allowed to do. This service would be cen
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