Category Archives: Trading

Soldier money

Soldier refers to a paid fighter. The sol (plural soldi) was a unit of money used as currency in Venice, for example, in paying workers at the Arsenal in 1534, and in Orleans in 1525, with sub-denomination in deniers. A … Continue reading

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Genoa money trade

Genoa This medieval Ligurian city-state also referred to as the city of Saint George, evolved as a merchant port and city before Venice, and also organised itself as a republic. It minted gold coins before Florence Florin coins came out … Continue reading

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Peso – Spanish coin

Peso was a silver coin, worth 450 maravedis in Spain of the 15th century, later becoming the standard Spanish currency. The peso was replaced by the Euro. Tags: money

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European Banking Trade History

Trade required credit which led to banking which led to accounting. By 1100AD, spices, cinnamon, pepper, ginger, saffron, alum, sulphur, camphor, incense, myrrh, velvet, sandalwood, dyes, perfumes and tafetta from the Muslims were traded by Italians towns for woollen cloth, … Continue reading

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Capitalism origin and impact

Capitalism stems from a range of financial facilities that enable control of economic activities to accumulate in the hands of the elite segment of society. That those who supply labour fall below the suppliers of capital and financial instruments, is … Continue reading

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Commission Commissioner

Commissionaire Commission trading consisted of an order by one trader – the principal or Commettant given to someone – the commission agent or commissionaire to help him trade or perform specified transactions, a service paid for with a commission – … Continue reading

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Dollar history

Dollar as currency was made popular by the USA – the American Dollar, but some other countries also have their own dollar valued differently this days. There is the Australian dollar, and the Canadian dollar for example. How did the … Continue reading

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Stock Exchange Chamber of Commerce Exchange Board

Exchange Boards The origin of Boards of Exchange like the Stock Exchange, chamber of commerce and even the exchange of ambassadors now common between nations can be traced to Europe’s early merchant trading centres like Venice where credit/debit and balance-sheet … Continue reading

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Florin Florence

Florence gold coin the florin came out in 1250 after Genoa’s own. The first cheques were issued in Florence where double-entry book-keeping started, and the first holding companies also emerged. There too maritime insurance procedures first eliminated the need for … Continue reading

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Pound Sterling Silver

Since Roman times, the word pound has normally referred to a unit of weight. The currency unit Pound Sterling was stabilised by queen Elizabeth I in 1560 by fixing its value at the equivalent of four ounces of sterling silver. … Continue reading

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