Avignon Exchange
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Avignon Exchange
The Avignon Exchange was one of the first foreign exchange markets in history, established in the ''Comtat Venaissin'' during the Avignon Papacy. The Exchange was composed of the agents (''factores'') of the great Italian banking-houses, who acted as money-changers as well as financial intermediaries between the Apostolic Camera and its debtors and creditors. The most prosperous quarter of the city of Avignon, where the bankers settled, became known simply as the Exchange. According to de Roover, "Avignon can be considered an Italian colony, since the papal bankers were all Italians". Avignon was the first legal body to regulate fiduciary transactions: a statute of Avignon, of 1243, contains a paragraph entitled ''De Litteris Cambii'', "of bills of exchange". Background Unlike most medieval rulers who levied funds from sources of taxation relatively nearby, the papacy's primary source of income was constituted from taxes and tributes collected across Europe. Moreover, the papacy ...
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Avignon
Avignon (, ; ; oc, Avinhon, label=Provençal dialect, Provençal or , ; la, Avenio) is the Prefectures in France, prefecture of the Vaucluse Departments of France, department in the Provence-Alpes-Côte d'Azur Regions of France, region of Southeastern France. Located on the left bank of the river Rhône, the Communes of France, commune had a population of 93,671 as of the census results of 2017, with about 16,000 (estimate from Avignon's municipal services) living in the ancient town centre enclosed by its Walls of Avignon, medieval walls. It is Functional area (France), France's 35th largest metropolitan area according to Institut national de la statistique et des études économiques, INSEE with 336,135 inhabitants (2019), and France's 13th largest urban unit with 458,828 inhabitants (2019). Its urban area was the fastest-growing in France from 1999 until 2010 with an increase of 76% of its population and an area increase of 136%. The Communauté d'agglomération du Grand Av ...
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Hungary
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and Slovenia to the southwest, and Austria to the west. Hungary has a population of nearly 9 million, mostly ethnic Hungarians and a significant Romani minority. Hungarian, the official language, is the world's most widely spoken Uralic language and among the few non-Indo-European languages widely spoken in Europe. Budapest is the country's capital and largest city; other major urban areas include Debrecen, Szeged, Miskolc, Pécs, and Győr. The territory of present-day Hungary has for centuries been a crossroads for various peoples, including Celts, Romans, Germanic tribes, Huns, West Slavs and the Avars. The foundation of the Hungarian state was established in the late 9th century AD with the conquest of the Carpathian Basin by Hungar ...
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Rieti
Rieti (; lat, Reate, Sabino: ) is a town and ''comune'' in Lazio, central Italy, with a population of 47,700. It is the administrative seat of the province of Rieti and see of the diocese of Rieti, as well as the modern capital of the Sabina region. The town centre stands on a small hilltop, commanding from the southern edge the wide Rieti valley, at the bottom of the Sabine hills and of monti Reatini, including mount Terminillo. The plain was once a large lake, drained by the ancient Romans, and is now the fertile basin of the Velino River. Only the small Ripasottile and Lungo lakes remain of the larger original. History Prehistory According to the legend, Reate was founded by Rea, a divinity (that would be the origin of the town name). It was founded at the beginning of the Iron Age (9th–8th century BC). Probably in earlier times the lands around Rieti were inhabited by Umbri, then by Aborigines and later on by Sabines, who reached the lands sited in the nearby of Te ...
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Viterbo
Viterbo (; Viterbese: ; lat-med, Viterbium) is a city and ''comune'' in the Lazio region of central Italy, the capital of the province of Viterbo. It conquered and absorbed the neighboring town of Ferento (see Ferentium) in its early history. It is approximately north of GRA (Rome) on the Via Cassia, and it is surrounded by the Monti Cimini and Monti Volsini. The historic center of the city is surrounded by medieval walls, still intact, built during the 11th and 12th centuries. Entrance to the walled center of the city is through ancient gates. Apart from agriculture, the main resources of Viterbo's area are pottery, marble, and wood. The town is home to the Italian gold reserves, an important Academy of Fine Arts, the University of Tuscia, and the Italian Army's Aviation Command headquarters and training centre. It is located in a wide thermal area, attracting many tourists from the whole of central Italy. History The first report of the new city dates to the eighth century ...
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Rome
, established_title = Founded , established_date = 753 BC , founder = King Romulus (legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption = The territory of the ''comune'' (''Roma Capitale'', in red) inside the Metropolitan City of Rome (''Città Metropolitana di Roma'', in yellow). The white spot in the centre is Vatican City. , pushpin_map = Italy#Europe , pushpin_map_caption = Location within Italy##Location within Europe , pushpin_relief = yes , coordinates = , coor_pinpoint = , subdivision_type = Country , subdivision_name = Italy , subdivision_type2 = Region , subdivision_name2 = Lazio , subdivision_type3 = Metropolitan city , subdivision_name3 = Rome Capital , government_footnotes= , government_type = Strong Mayor–Council , leader_title2 = Legislature , leader_name2 = Capitoline Assemb ...
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Roman Commerce
Roman commerce was a major sector of the Roman economy during the later generations of the Republic and throughout most of the imperial period. Fashions and trends in historiography and in popular culture have tended to neglect the economic basis of the empire in favor of the lingua franca of Latin and the exploits of the Roman legions. The language and the legions were supported by trade and were part of its backbone. The Romans were businessmen, and the longevity of their empire was caused by their commercial trade. Whereas in theory members of the Roman Senate and their sons were restricted when engaging in trade, the members of the equestrian order were involved in businesses despite their upper-class values, which laid the emphasis on military pursuits and leisure activities. Plebeians and freedmen held shop or manned stalls at markets, and vast numbers of slaves did most of the hard work. The slaves were themselves also the subject of commercial transactions. Probably becaus ...
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Bologna
Bologna (, , ; egl, label= Emilian, Bulåggna ; lat, Bononia) is the capital and largest city of the Emilia-Romagna region in Northern Italy. It is the seventh most populous city in Italy with about 400,000 inhabitants and 150 different nationalities. Its metropolitan area is home to more than 1,000,000 people. It is known as the Fat City for its rich cuisine, and the Red City for its Spanish-style red tiled rooftops and, more recently, its leftist politics. It is also called the Learned City because it is home to the oldest university in the world. Originally Etruscan, the city has been an important urban center for centuries, first under the Etruscans (who called it ''Felsina''), then under the Celts as ''Bona'', later under the Romans (''Bonōnia''), then again in the Middle Ages, as a free municipality and later ''signoria'', when it was among the largest European cities by population. Famous for its towers, churches and lengthy porticoes, Bologna has a well-preserved ...
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Florin (Italian Coin)
The Florentine florin was a gold coin struck from 1252 to 1533 with no significant change in its design or metal content standard during that time. It had 54 grains (3.499 grams, 0.113 troy ounce) of nominally pure or 'fine' gold with a purchasing power difficult to estimate (and variable) but ranging according to social grouping and perspective from approximately 140 to 1,000 modern US dollars. The name of the coin comes from the ''Giglio bottonato'' ( it), the floral emblem of the city, which is represented at the head of the coin. History The ''fiorino d'oro'' (gold florin) was used in the Republic of Florence and was the first European gold coin struck in sufficient quantities since the 7th century to play a significant commercial role. The florin was recognized across large parts of Europe. The territorial usage of the '' lira'' and the florin often overlapped, where the lira was used for smaller transactions (wages, food purchases), the florin was for larger transactions ...
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Venice
Venice ( ; it, Venezia ; vec, Venesia or ) is a city in northeastern Italy and the capital of the Veneto Regions of Italy, region. It is built on a group of 118 small islands that are separated by canals and linked by over 400 bridges. The islands are in the shallow Venetian Lagoon, an enclosed bay lying between the mouths of the Po River, Po and the Piave River, Piave rivers (more exactly between the Brenta (river), Brenta and the Sile (river), Sile). In 2020, around 258,685 people resided in greater Venice or the ''Comune di Venezia'', of whom around 55,000 live in the historical island city of Venice (''centro storico'') and the rest on the mainland (''terraferma''). Together with the cities of Padua, Italy, Padua and Treviso, Italy, Treviso, Venice is included in the Padua-Treviso-Venice Metropolitan Area (PATREVE), which is considered a statistical metropolitan area, with a total population of 2.6 million. The name is derived from the ancient Adri ...
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Bruges
Bruges ( , nl, Brugge ) is the capital and largest City status in Belgium, city of the Provinces of Belgium, province of West Flanders in the Flemish Region of Belgium, in the northwest of the country, and the sixth-largest city of the country by population. The area of the whole city amounts to more than 13,840 hectares (138.4 km2; 53.44 sq miles), including 1,075 hectares off the coast, at Zeebrugge (from , meaning 'Bruges by the Sea'). The historic city centre is a prominent World Heritage Site of UNESCO. It is oval in shape and about 430 hectares in size. The city's total population is 117,073 (1 January 2008),Statistics Belgium; ''Population de droit par commune au 1 janvier 2008'' (excel-file)
Population of all municipalities in Belgium, as of 1 ...
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Money Market
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in money markets is done over the counter and is wholesale. There are several money market instruments in most Western countries, including treasury bills, commercial paper, banker's acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities. The instruments bear differing maturities, currencies, credit risks, and structures. A market can be described as a money market if it is composed of highly liquid, short-term assets. Money market funds typically invest in government securities, ce ...
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