The long-legged Edward I and his wife arrived in the New Business District with only the faithful vizier Nebel and four clever guards and maids.

He and the queen were both here for the first time, and the loyal minister Neber came many times.

They went in two horse-drawn carriages...... Edward I the long-legged rode in one with his loyal vassal Nebel, and Queen Elena and her daughter-in-waiting rode in another.

Edward I, of course, did not come here to relax, he had to solve important financial problems.

The current situation in the Kingdom of England was terrible, and he was in a worse mood when he recovered from his illness.

The treasury of the Kingdom of England was largely empty, but the Scots had to pay a ransom for the captives.

Pensions are also paid to the families of some officers...... All this was an inevitable expense, a tradition of the Kingdom of England.

Otherwise, who will fight for the king in the future?!

If you win, everyone will get a share of the benefits; Failed, the state will give some compensation anyway.

Nebel, a loyal minister, has always been overstretched in the affairs of the country...... Fortunately, his king finally recovered his health and could govern himself.

The long-legged Edward I did not hesitate to take out the money of the royal family to subsidize the treasury...... But it's still not enough.

Edward I, the long-legged, said lightly: "Borrow money, from the London branch of the Knights Templar or from the banks of Venice or Florence, or you will directly confiscate some Jewish property......"

THE WORD BANK WAS FIRST USED IN THE ITALIAN DIALECT "BANCO", WHICH MEANS CHAIR, BECAUSE IN THE PAST, IN MANY PORT CITIES IN THE ITALIAN REGION, MONEY CHANGERS SAT ON SUCH BENCHES TO EXCHANGE COINS FOR MERCHANTS WHO CAME AND WENT.

IN ENGLISH, THE WORD IS TRANSLATED AS "BANK", WHICH ORIGINALLY MEANT A CASH LOCKER.

The earliest banking industry originated in the currency exchange industry of ancient societies in Western Europe.

Initially, money changers only exchanged money for merchants, but later developed to keep money for merchants, receive and pay cash, handle settlements and remittances, and like the Great Song, they did not pay interest and charged custody fees and handling fees.

With the development of industry and commerce, the business of money changers further developed, and they gathered a lot of money in their hands.

When money changers used the money changers to make more profits, they used the money they had gathered to make loans to earn interest, and the currency exchange industry developed to the present day, and many banks naturally appeared.

The temples of Babylon in 2000 B.C. and the Greek temples in 500 B.C. already had institutions for the custody of gold and silver, the collection and payment of interest, and the issuance of loans.

The area of what is now Italy, due to its special geographical location, made it a trading center at that time.

In 1171, the Bank of Venice was founded, the earliest bank in Europe, similar to the pledge bank opened by the private merchants of the Great Song Dynasty...... Later, banks were established in other cities in Italy, as well as in the Kingdom of France, the Holy Roman Empire, and the Kingdom of England.

Moreover, there was a long precedent for European monastic groups to keep valuable objects and documents for others.

After the start of the Crusades, loans or mortgages were provided to Crusaders and pilgrims.

In contrast, the military nature of the Templars gave it an advantage in this regard.

Due to the large number of castles and knights in Christendom, it was able to secure the security of the treasury and ensure the safety of the transport process by means of armed escorts.

In fact, the security advantage even allows it to compete with the major banks in the developed Italian region.

Harbert de Borough, who had served as Lord Chancellor and regent of the Kingdom of England, was charged in 1232.

King Henry demanded that the London branch of the Knights Templar hand over the gold and silver treasures that Hubbard had kept in the mission's vault.

But the head of the sub-group replied: "We will not hand over the entrusted property to anyone without the permission of the client." ”

Also because of security, the nobles and kings of Europe often kept gold, silver, jewelry, wills, and even treaties in the Templar coffers.

In 1204 and 1205, King John of England deposited the jade seal and crown jewel with the Temple branch in London.

The following year, he deposited the Archbishop of Canterbury's church gold and silver vessels.

In Paris, the kings of France kept their jewels in the Paris Temple for a century.

In 1259, Louis IX deposited the original treaty with Henry III in the Templar Detachment in Paris, and even the Pope often kept the Knights Templar as a place of deposit.

The Knights Templar's credit operations facilitated the often stretched limits of European monarchs and churches.

Of course, the most economically powerful banks are the Bank of Venice and the Bank of Florence.

So borrowing from them is a natural choice.

In addition, there was a tradition in the Kingdom of England that they were really short of money, which could be solved by confiscating the property of the Jews.

Jewish merchants have been under the control of the royal family of the Kingdom of England since the time of William the Conqueror, and have retained this power in successive generations of English kings.

As early as the reign of Henry I, the Kingdom of England enacted the Leges Edardi Confessoris (Acts of the Confessor).

It reads: "All the Jews of the Kingdom of England are under the protection of the king; No nobleman may own any Jew without the permission of the king, for the Jews and their property belong to the king. ”

The property of the Jews was the property of the King of England, which the King could deprive as he pleased; Whoever borrows money from the Jews is actually borrowing from the king; When the creditor dies, the debt goes into the treasury.

But the loyal vassal Neber had a new idea, but he couldn't call the shots.

The interest required to repay the current bank loan in Europe is too high, and the annual interest rate basically starts at 100%!

Therefore, the so-called bank lending at this time may not be called usury.

The confiscation of Jewish property was certainly an option, but it was a one-time act that was not conducive to long-term development.

The loyal minister Neber found two shops in the new business district of London, which resembled European banks, and after he found out, they could also provide loans with an annual interest rate of only 50 percent!

Oh my God, those Oriental merchants are simply doing good!!

With in-depth contact, he found that the two Oriental banks were very strong, and they could directly provide loans of up to tens of thousands of pounds at one time!

What is the concept of 10,000 pounds in this period?

Between 1220 and 1259, Henry III opened a long-term account with the English Templar Mission, in which deposits and withdrawals were considerable.

The largest deposit took place between 1240 and 1249, and it took the English royal family to save £15,000 in a whole decade!

The largest withdrawal occurred in 1250, when just £9,500 was withdrawn and nearly bankrupted the entire Templar branch bank in England.

And these deposits and withdrawals account for about 1/3 of the royal family's annual income!

The two Oriental banks even claimed to be able to provide loans of about 10,000 pounds...... The loyal minister Neber could not help but be taken aback.

Moreover, the two Oriental banks were able to provide loans in the form of goods or gold and silver.

Of course, they all need collateral, not ordinary treasures or land, but just coal or iron mines in the middle of the kingdom of England, and the loan term is negotiable!

The long-legged Edward I, who was just sick, was of course glad to hear the new idea of the loyal vassal Nebel...... But he doubted the strength of the two banks.

One of them is called New Oriental Money Company, and the other is called Yin Di'an Money Company...... He had never heard their names before.

The loyal minister Neber suggested that he take a personal look at London's new business district, which was already very different.

That's why Edward I, the long-legged, rode with his loyal vassal Neber to see it.

PS: Thank you for the reward of the book friends who don't make it a fool.