Question

ALL THE MONEY IN THE WORLD TO THE SMART KID THAT CAN GIVE ME AN ANSWER TO THIS STUPID QUESTION:

Using examples from the lessons, defend or reject the following statement in two to three complete paragraphs:

"Medieval guilds and banking systems helped to usher in a modern market economy."

(PS don't tell me to post it in history ;))

Answer 1

hard to answer seeing how we didnt take the lesson

Answer 2

welcom e to os

Answer 3

the fu'cking lessons don't tell you anything

Answer 4

@soobored im weak

Answer 5

this needs to be closed :)

Answer 6

Your mouth needs to be closed

Answer 7

@phi could you close this. Thanks! :)

Answer 8

People waste their time on this site

Answer 9

they could be selling lemonade instead of "helping" people on this site

Answer 10

i dont even need help that much

Answer 11

then close this question :)

Answer 12

i remember when i wasted all my time getting to level 99 lmao

Answer 13

hey phi

Answer 14

i remember you l0l

Answer 15

Basically, the guilds were the people who generated the money, and the bankers were the ones who stored the money either or "safe keeping" (ha ha ha) or for lending (ha ha ha - at interest rates so to make MORE money ha ha ha), and, of course, for SMILING at people whilst they raked in the loot, based on their "risk" compared to the risk of a merchant sponsoring a ship to sail somewhere, rip someone else off for some desirable goodies, and return a hero, and sell it and get rich. Since health and sanitation were a big issue - bubonic plague etc - things like spices, and maybe some disinfectant were popular things on the trade routes. The cheaper the better for the merchants - hence slave labour which was free - biggest risk was the journey, maybe, so get insurance for the journey.

the word "bank" comes from the italian word "banco" which mean a "bench" on which traders and merchants would do "insurance bartering" to try to limit the damage if one of the MANY merchant ships sank or didn't make it back to port. "The merchant of Venice" is a play which sort of sort of sort of deals with this, sort of (get the message ?).
They used to write down their money transactions on very large bits of paper (spread sheets ?), and then some Italian had the idea of making the papers more ORDERED. This was maybe the start of DOUBLE ENTRY BOOK KEEPING. From then, the money lenders and the money borrowers kept going, as they would 'cos there was MONEY involved, and with ELECTRONIC COMMS and computers, they could replace writing with typing, and sending papers by post with doing the same thing by what's now called email.
http://perendis.webs.com

Answer 16

i don't think that's gonna work

Answer 17

._.

Answer 18

you didnt even say if you agreed or disagreed

Answer 19

@answerordie If you referring to my post ... why won't it work ? ...

Answer 20

;-;

Answer 21

well in the first paragraph you made merchants and bankers sound pretty evil >.>

Answer 22

and what does the second paragraph have to do with anything l0l

Answer 23

The money world is pretty ruthless, and pretty rich. You are more than free to edit it or delete it as you like, it's just what I think I've gleaned over watching various money crises throughout the world from US to UK to Europe to Greece, and the use made of diamonds, and other goodies in "third world countries".
The word "bank" comes from Italy. The Italians were key developers of a money system. Modern day stuff is the electronic version of what they did.
It was buying and selling insurance, and the various goodies.
Was it "evil" ? Well, I've not met any former slaves ...