Great Financial Collapses in History
Jumat, 28 Oktober 2011
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What’s more, early modern and feudal economies are not based on money transactions as we think of them today, and less than 5% of the population would have any money. The first promissory notes used in Medieval Italy would have been entirely used by merchants to transfer money long distances, and were not used by ordinary people until very recently.Apparently we’ve been living in some horrific financial...
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