The Medieval Bank, the Medici and the Church! Economics!

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In today’s episode, Sidetrack Episode 71, Today I have a special episode that was previously released as special bonus episode on Patreon, since I am no longer on Patreon, I wanted to release it as a thank you to everyone for listening. This episode is titled The Church and Bank. I explore the development of banking during the middle ages and how the Church was involved in the movement of money and resources throughout Europe. The Popes of Rome had and have a great deal of resources at hand and how they managed those resources is fascinating and important to the development of the Western economy throughout history.
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29 окт 2019

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Комментарии : 119

@studyofantiquityandthemidd4449 4 года назад

What are your thoughts about ancient and medieval economics and their impacts on the banking systems of today? To support The History of the Papacy Podcast at the links in the ''Video Description'' above! To support the Channel check out the links in this comment below! Patreon: www.patreon.com/The_Study_of_Antiquity_and_the_Middle_Ages SPQR/History Merchandise: spqr-emporium.com?aff=3 *Disclaimer the link to SPQR is an affiliate link and that means we will make a small commission off of your purchases, just another way to support the channel! Comment your thoughts on the video!

@lololmandar 4 года назад

Love me some Economic History, thank you for this.

@voidisyinyangvoidisyinyang885 4 года назад

when you mentioned the Nobles, Crusaders and transporting Coin long distance - I think you got this turned around. The Nobles were expanding their blood lust for wealth and so needed to HIRE MERCENARIES and therefore the Nobles needed to take out loans to hire more soldiers to create private armies. The value of currency money has ALWAYS been tied to being enforced by the thug militaries, just as China created the FIRST paper currency with the value enforced by the Chinese military.

@voidisyinyangvoidisyinyang885 4 года назад

four Medici Popes! hilarious.

@studyofantiquityandthemidd4449 4 года назад

The Medici I believe produced four Popes of the Catholic Church being Pope Leo X (1513-1521), Pope Clement VII (1523-1534), Pope Pius IV (1559-1565) and Pope Leo XI (1605.)

@sairadha674 4 года назад

Isn't lending also the reason why Jewish people in middle ages were persecuted from time to time.

@_DarkEmperor 2 года назад

I added this video to my playlist "Trade, Renaissance, Globalization - Road to Modernity"

@kristoffer2250 4 года назад

I read this book called "Gold and Spices" because it inspired Spice and Wolf and I have to say... Medieval trading from a merchants perspective is fascinating. The fact that entire trades of a town can be halted because a new route is discovered is really interesting because a town can literally fall into chaos just because some dude found a route to another town that is easier. There's just a lot in that book, you should check it out.

@ethantaylor6380 3 года назад

Very similar to the US interstate system

@dzee127 3 года назад

I’m gonna check out the book you mentioned. For what it’s worth, I really enjoyed “A Splendid Exchange” by William Bernstein.

@MrChopstsicks 2 года назад

A great anime about trade. Love the series

@sextwister 3 года назад

Thanks for putting out longer videos that don't try to edit as much common information as possible into 5 minutes.

@studyofantiquityandthemidd4449 3 года назад

Glad you like them!

@barbararoca6847 3 года назад

This was a wonderful video. You can do little without commerce! That is why the Renaissance happened in Italy! Great content!

@timbowman1577 Месяц назад

Awesome Video!!! Thank You!!!😊

@Bobbyj438 4 года назад

I would like to see a podcast on the migration and genealogy of these banking family's to the present. and there influence today

@keiserwilhem5543 4 года назад

Bobbyj438 funny how he says they are Italian and calls out Templar Christians but he doesn’t mention the fact that these financier families were Jewish who preyed on Christendom downfall

@shanosantwanos3908 4 года назад

Research venetians and phoenicians. Knights templar usury Knights Templar portugal/ king of spain

@shanosantwanos3908 4 года назад

Also history time utube channel is fantastic And Robert Sepehr/atlantean gardens utube. He is my favourite source

@kalicosmos1509 3 года назад

Same

@quantum19812001 2 года назад

Thought about this too - “Elite Money Trail: From Medici To JP Morgan”

@NomadicCreator 2 месяца назад

I came at this from the perspective of walking away from a ground zero event after seeing the causes of civilization collapse. It just felt to current to what we are seeing right now. Then to go through all those developments as though that is what we may look forward to. To understand the psychology behind the developments is eye-opening! Quite interesting indeed.

@bgtoups 2 месяца назад

Very interesting information- thank you.

@tinadytuco3243 4 года назад

I'm watching all the commercials and clicking thumbs up before even watching! That's how much I love your channel! Keep up the excellent work. :)

@studyofantiquityandthemidd4449 4 года назад

I appreciate that and thank you so much!

@annjoyce579 29 дней назад

I will keep listening to your data, and match your data with my geneological data of Italy. Thanks!

@robsellars9338 28 дней назад

@@annjoyce579 Do you have anything on the Medici that traces them and their movements before they became wool traders and then bankers?

@jeffbrinkerhoff5121 4 года назад

Just discovered your work. Well done, I much enjoy.

@rachel_Cochran 4 года назад

This was all extremely interesting, thank you for your videos! Also, I would totally buy a dukes of Florence t shirt

@Dlugia2 2 месяца назад

Really well done history lesson, TY for creating!

@gzpo 4 года назад

Learned more details on Templar demise cause. Didn't know they were 'bankers' so far flung. Interesting, the way the debtors got out of debt. Perhaps we could do the same, but without the harm to life and property. Hmmmm...

@artofmusic303 3 года назад

Outstanding video - very informative.

@ranjithpowell6791 Год назад

Love these bonus content episodes!

@A_Man_In_His_Van 4 года назад

Very good thank you!

@julzmgrforll7278 4 года назад

Very enjoyable thank you

@1234piano 3 года назад

I could learn a lot from you. Thank you!

@jessicachamaline86 Год назад

Excellent. Assigning this video to my middle schoolers.

@StephenDeagle 4 года назад

Great vid. Very informative. Thanks!

@stevemiller6053 4 года назад

You need to cut the lead in music by 95%. A 5 second clip would be fine.

@wenweisu99 4 года назад

lol i thought so too. although i checked and it was less than 1 min 30 sec, it felt like an eternity. actually the medival music intro is sufficient and appropriate i think.

@jimmyessien8619 11 месяцев назад

Agree

@andrelindor1775 3 месяца назад

Agree! I appreciate it and it looks great. Just too long

@annjoyce579 29 дней назад

Art. Music is time to look at the art, scenes in Italy.

@MrQbaj1 2 года назад

Love it. Keep it up.

@rhmendelson 9 месяцев назад

Yes great info, that explains a lot. More please:)

@matthewperry5121 4 года назад

Cool content thanks

@diabeticalien3584 3 года назад

This is a cool video, I'm glad I stumbled upon it

@wecomfort Год назад

Loved the content! Please do more, subscribing now!

@kimberlyperrotis8962 Год назад

Very interesting, thank you.

@MrsBStacyBattleBorn 46 минут назад

Is there any information covering the beginning of the bankers' guild and trade?

@MrNanah38 7 месяцев назад

Some good stuff here man

@scottdunn6308 4 года назад

I like it thank U

@quantum19812001 3 года назад

Fantastic documentary on history of banking. Some of commentators have asked whether there was any existence of societies without ruling class dominating. Can state research references now. But European history and socioeconomic system was always pyramidal. So it was always based on some ruling class / elites / noble men. It was result of an worldview that’s of control and efficiency (decision making gets easier when things are pyramidal or hierarchical). On the contrary, aboriginals and tribals and natives of colonies often had decentralised system or system of governance rooted upon sustainability and reverence to nature (ex, Australian aboriginals). Problem was that those decentralised governance systems didn’t scale, so hierarchical or pyramidal systems took over in form of institutions or governments or corporations. Initially commoners (“worker class” as it was known those days) thought ill-effects of that pyramidal system wouldn’t affect them. But after abolition of traditional colonisation, with the help of central banks, governments of euro-centric countries started exploiting their own citizens. But now after 6000 years, we finally have the technology where one can create, incentivise and govern decentralised communities at scale, via blockchain.

@matthewmann8969 3 года назад

Some more currencies and policies

@matthewperry5121 4 года назад

More please

@MrChopstsicks 2 года назад

More economic stuff!!

@joethestack3894 4 года назад

I enjoyed this episode very much and I found it very informative. One focus area in history that I am interested in is the histories of the nobility, the aristocracy, the power elite. Historians often seem to take the existence of a ruling class for granted, but I would like to know just exactly who was in control of events at any given time and place, and just exactly how they got into that position. Then ideally I would like to be able to trace things forward to the present day. Has there ever been a time and place where the ruling class disappeared for a non-trivial period? Were the members of a ruling class ever members of that class for reasons other than birth or ancestry? Of course there are always exceptions to a rule or generality, but that is not exactly what I'm asking. For example, if one examines the histories of the European colonies, did a ruling class ever arise that was not based on the ruling class of the home country?

@quantum19812001 3 года назад

Can state research references now. But European history and socioeconomic system was always pyramidal. So it was always based on sole ruling class / elites / noble men. It was result of an worldview that’s of control and efficiency (decision making gets easier when things are pyramidal or hierarchical). On the contrary, aboriginals and tribals and natives often had decentralised system or system rooted upon sustainability and reverence to nature (ex, Australian aboriginals). Problem was that those decentralised governance systems didn’t scale, so hierarchical or pyramidal systems took over in form of institutions or governments or corporations. But now after 6000 years, we finally have the technology where one can create, incentivise and govern decentralised communities at scale, via blockchain.

@oliverstianhugaas7493 2 года назад

This is all good and nice but where is the book list so i can read myself? Been stuck with a list from the University of Liviv on the subject.

@gmac8586 3 года назад

Two books and authors to look up; God and Mammon-Chronicles of American Money by Lance Morrow, and Forgive Them Their Debts by Prof. Michael Hudson.

@zerozilch 4 года назад

You have to ask for a large coffee at seven bucks. Strange you dont really hear about the cathars in these times..how did they go bankrupt again?

@shonesanchez6636 7 месяцев назад

What's the music used ae around @28:00 minutes in?

@EvansdiAl 4 года назад

some of these links aint working, is this audio from "history of the papacy podcast" ?

@studyofantiquityandthemidd4449 4 года назад

Yes that is correct! Which links are not working? And thank you for reporting them!

@EvansdiAl 4 года назад

@@studyofantiquityandthemidd4449 Broken Link: The Study of Antiquity and the Middle Ages RU-vid Channel:

@kurtiszapien2499 2 года назад

I had no idea about the Templar’s side banking hustle

@pataniki8034 4 года назад

yes very not only enjoyable but informative what about 1562 on or around is that within your scope of seeing the past-just looking for clues when we were close to creative wave of humanity and what happened and by whom-like banking and fake credit paper monies-love the partner up thing-networked knowledge like spokes of wheel but just more cosmic=manythxs-keep em coming pls

@gilgalbiblewheel6313 2 года назад

Did the Medici have Templar connections since they have the fleur de Lys on their crest?

@orangejulius8366 3 года назад

Serious question: if Rlman numerals were basically impossible to use for mathematical computation, then how did they plan and build all that stuff, i.e. roads, aqueducts, multi story edifices, domes, arches, etc?

@Kallistos1 2 года назад

Difficult but not impossible. and they used abaci for easier/quick calculation

@robsellars9338 8 месяцев назад

You miss out a major technical concern of your Templar Banking Model. Where did the Templars get their banking know-how from? It cannot have been from the clergy bcuz they absolved themselves from money matters as you correctly state bcuz of usury. The other thing that should be interesting to people is that the Templar knights had a more complex genesis than merely evolving into a multi national bank to finance crusades. More research needed to make this more interesting than any of the other Templar videos.

@annjoyce579 29 дней назад

Military men started Knight's Templar to safeguard holy bloodline and holy gold long ago. Royals wed the line, alot-- Li of China, religious leaders, dukes as Visconti, Sforza, Orsini, then Medici Wed archduke Ferdinand Von habsburg royals then branches wed french, British royals. Eventually wed Von rothschild marriage two adolph carl married 8th duke argyll george campbell the last Commander of the knight's templar (99% family was murdered, as thieves sought to steal gold and banks). You're accurate. Military necessary to safeguard duty.

@robsellars9338 28 дней назад

@@annjoyce579 Thanks, that's a really interesting reply, especially about the Medici involvement. Have you done any research on this? The military knights (the original 9 Templars) all came from France and journeyed to Jerusalem themselves at first, perhaps to recce the route and assess the enemy strengths/vulnerabilities. It would have been a suicide mission to make that trip as a knight with no soldiers as supporting troops, so it's likely that these 9 knights already knew about the route or had a Jewish guide and could travel incognito to Jerusalem. It seems that these knights were connected through the Benedictine priests and the Jewish principality of southern France called Septimania. It would not surprise me at all if these first Templar knights had Jewish Origins and were supported later on by other Jews that managed the banking and logistical operations. Imagine the irony of the situation if this were the case, a whole knightly order set up to defend the faith of Christian Europe but headed and managed by Jews (their sworn enemies). It would make sense of everything about the Templars, where their knowledge came from, why they were motivated to fight the muslims to win back their holy land and also the mystery about why they were disbanded. It was common practice in mediaeval times to default on Jewish loans and if it had been learned that the Templars really were Jewish at the top, then it would explain the king of France wishing to expose this fact. Of course the Pope could not allow this information to go public as it would destroy the Church's credibility with commoners and kings alike, so he had no choice but to disband the order on accusations that were normally made against the Jews before they were burned at the stake.

@keiserwilhem5543 4 года назад

No mention of these banking families not being Christian and somewhat hostile toward Christians and their order

@concerned1 4 года назад

I’m confused. I thought the Templar’s jobs were to help the knights protect their money whilst they fought in the Holy Land. Are you saying the Knights Templar were also fighting? Who looked after their provisions

@Kallistos1 Год назад

They were very effective and disciplined fighters actually. Provisions were done by lay Brothers and non military brothers as well as lessors like other monastic orders. The templars had a large fleet used for logistics

@CrackinJacks138 10 месяцев назад

1:35 start of video

@judithparker4608 8 месяцев назад

INQUISITION RE CONQUISTA

@abelardogreen 2 года назад

Fuck yeah

@doctoruttley 3 года назад

👏🏻😎👏🏻

@christophertadeo6120 2 года назад

I just love to yodel...

@oliviagabriel7023 4 года назад

This why our military coverage, Was taken, along. With Railroad dependent coverage. Investment corporate, health, Coverage. All was taken, and placed. Under : Medi-care, Medi-caid, Medi- cal. Place under, their programs. Then our Trust Funds and, Estate, can be drain. To pay back, their, High Priced. Programs. When we already. Have free coverage: Military Dependent, Railroad Dependent, Corporation Investment Owners, Health Coverage. All was taken, to pay another.

@DJS11811 3 года назад

How did Cosimo builc hid international business?

@sairadha674 4 года назад

Isn't lending also the reason why Jewish people in middle ages were persecuted from time to time.

@studyofantiquityandthemidd4449 4 года назад

SAI RADHA yes that is absolutely correct. The Jews were specifically targeted in the Inquisitions for a variety of reasons including Usury and fake stereotypes.

@studyofantiquityandthemidd4449 4 года назад

Most of these claims are misleading and or were completely uncommon practices, I view the ''claims'' made against Jews in the Inquisition in the manner of the ''accusations'' against the Templars.

@zerozilch 4 года назад

Moving other peoples decimal point .thats that magic trick

@voidisyinyangvoidisyinyang885 4 года назад

@@studyofantiquityandthemidd4449 and the witch hunts? I have a chapter in my book, 2012, Alchemy of Rainbow Heart Music (free online pdf) called Antisemitism and Antiscience. It's the Hellenization of Judaism that really needs to be studied.