Wait Italy is rich?
Wait Italy is rich?
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>new worlder surprised that the people who invented the first bank in world history is able to save money
en.wikipedia.org
Funny to think that Germans are actually much poorer then the southern Europeans they look at with contempt
The fuck is "wealth"
>first bank
The fucking Babylonians had banks
No, the bank of Siena is the oldest bank, not the first
It's the value of all the assets that you own minus your debt
Does it include real estate?
Yes.
you get your bank information written in Roman letters and in numbers that were brought to Europe by an Italian mathematician
this is what a real bank is, if you want to larp then go use an abacus so you can count how many sheep and oxen you own in zambia or something
Where do you "study" history? On Reddit?
>The present era of banking can be traced to medieval and early Renaissance Italy, to the rich cities in the centre and north like Florence, Lucca, Siena, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th-century Florence, establishing branches in many other parts of Europe.[2] Giovanni di Bicci de' Medici set up one of the most famous Italian banks, the Medici Bank, in 1397.[3] The Republic of Genoa founded the earliest-known state deposit bank, Banco di San Giorgio (Bank of St. George), in 1407 at Genoa, Italy.[4]
>In b4 someome mentions the Italian public debt
Most of it is owned by Italian citizens and the total debt (private+public) of Italy is nothing compared to that of other countries.
even the word 'bank' is italian
>The word bank comes from an Italian word banco, meaning a bench, since Italian merchants in the Renaissance made deals to borrow and lend money beside a bench. They placed the money on that bench.
sharing the simple english article here from wikipedia so new worlders can read it better
yeah, and that's why today you're all forced to read 'the merchant of bagdad' by william shakespeare at school
explain yourselves svennepoors
Carige is older
Delete this, we suffer
meme map married with meme data
next
Can i move to italy?
I do not suffer
In the Middleages Italians made up a large amount of the merchants in other countries as well. Lombards also had much the same image as Jews as they were moneylenders and broke the Jewish monopoly on moneylending. Italians in general worked out ways of getting around the prohibition on moneylending.
No we aren't but being frugal is our best trait