The Fair Deposit: Credit Reallocation and Trade Finance in the Early Modern Period

2017 ◽  
Vol 72 (2) ◽  
pp. 275-315
Author(s):  
Nadia Matringe

Based on the private records of a prominent sixteenth-century merchant bank (Salviati of Lyon), this article focuses on an important instrument of trade finance in the early modern period: the fair deposit. While the financial history of deposit banking has often been separated from that of merchant banking, this study demonstrates that during the sixteenth century a specific type of deposit banking emerged at fairs, intrinsically connected to merchant banking and international trade. As analysis of the Salviati archives reveals, the fair deposit was an instrument of both clearing and credit, sustaining the financing of large-scale European trade. Credit mostly derived from international trade and banking, where it was reinjected almost immediately. Investments were stimulated by the numerous advantages offered by the fairs held at Lyon: licit lending at interest, a choice of investments, and the possibility of making purchases and rapid transfers. Loans to local and foreign businessmen nourished the trade of commodities and, above all, the exchange business, conferring on Lyon a crucial position in the European trade and exchange system. This form of deposit banking was closely related to the development of merchant banks that worked mostly on commission, drawing substantial profits from it without becoming specialists or even deposit banks.

2016 ◽  
Vol 22 (5) ◽  
pp. 517-539
Author(s):  
Tzafrir Barzilay

This article reexamines the idea prevalent in existing historiography that Jews were accused of well poisoning before 1321. It argues that the historians who studied the origins of such accusations were misled by sources written in the early modern period to think that Jews were charged with well poisoning as early as the eleventh century. However, a careful analysis of the sources reveals that there is little reliable evidence that such cases happened before the fourteenth century, much less on a large scale. Thus, the conclusions of the article call for a new chronology of well-poisoning charges made against Jews, starting closer to the fourteenth century.


Nuncius ◽  
2014 ◽  
Vol 29 (1) ◽  
pp. 127-173 ◽  
Author(s):  
Matteo Valleriani

The paper aims to show how sixteenth century hydraulic and pneumatic engineers appropriated ancient science and technology – codified in the text of Hero of Alexandria’s Pneumatics – to enter into scientific discourse, for instance, with natural philosophers. They drew on the logical structure, content and narrative style passed down from antiquity to generate and codify their own theoretical approach and to document their new technological achievements. They did so by using the form of commented and enlarged editions, just as Aristotelian natural philosophers had been doing for centuries. The argument aims to detail the exact role of ancient science and the process of transformation it underwent during the early modern period. In particular, it aims to show how pneumatic engineers first tested the ancient technology codified by Hero while carrying out their own practical activities. Once these tests were successfully concluded, in the spirit of early modern humanism they finally presented these activities as being associated with the work of their discipline’s most authoritative author, Hero of Alexandria, whose technology was tested during the construction of the hydraulic and pneumatic system of the garden of Pratolino.


2009 ◽  
Vol 52 (2) ◽  
pp. 269-294 ◽  
Author(s):  
P. M. KITSON

ABSTRACTThe religious reforms of the sixteenth century exerted a profound impact upon the liturgy of baptism in England. While historians' attention has been drawn to the theological debates concerning the making of the sign of the cross, the new baptism liturgy contained within the Book of common prayer also placed an innovative importance on the public performance of the rite in the presence of the whole congregation on Sundays and other holy days. Both religious radicals and conservatives contested this stress on ceremony and publicity throughout the early modern period. Through the collection of large numbers of baptism dates from parish registers, it is possible to measure adherence to these new requirements across both space and time. Before the introduction of the first prayer book in 1549, there was considerable uniformity among communities in terms of the timing of baptism, and the observed patterns are suggestive of conformity to the requirements of the late medieval church. After the mid-sixteenth century, parishes exhibited a range of responses, ranging from enthusiastic adoption by many communities to complete disregard in religiously conservative parts of Lancashire and Cheshire. Additionally, the popularity of saints' festivals as popular days for baptism fell markedly after 1660, suggesting a decline in the observance of these feasts.


2018 ◽  
Vol 62 (3) ◽  
pp. 617-638 ◽  
Author(s):  
GEMMA ALLEN

AbstractThis article reveals how the ambassadress became an important part of early modern diplomatic culture, from the invention of the role in the early sixteenth century. As resident embassies became common across the early modern period, wives increasingly accompanied these diplomatic postings. Such a development has, however, received almost no scholarly attention to date, despite recent intense engagement with the social and cultural dimensions of early modern diplomacy. By considering the activities of English ambassadresses from the 1530s to 1700, accompanying embassies both inside and outside of Europe, it is possible not only to integrate them into narratives of diplomacy, but also to place their activities within broader global and political histories of the period. The presence of the ambassadress changed early modern diplomatic culture, through the creation of gendered diplomatic courtesies, gendered gift-giving practices, and gendered intelligence-gathering networks. Through female sociability networks at their host court, ambassadresses were able to access diplomatic intelligence otherwise restricted from their husbands. This was never more true than for those ambassadresses who held bonds of friendship with politically influential women at their host or home court, allowing them to influence political decision-making central to the success of the diplomatic mission.


2020 ◽  
Vol 24 (4-5) ◽  
pp. 363-382
Author(s):  
Mária Pakucs-Willcocks

Abstract This paper analyzes data from customs accounts in Transylvania from the middle of the sixteenth century to the end of the seventeenth on traffic in textiles and textile products from the Ottoman Empire. Cotton was known and commercialized in Transylvania from the fifteenth century; serial data will show that traffic in Ottoman cotton and silk textiles as well as in textile objects such as carpets grew considerably during the second half of the seventeenth century. Customs registers from that period also indicate that Poland and Hungary were destinations for Ottoman imports, but Transylvania was a consumer’s market for cotton textiles.


DIYÂR ◽  
2021 ◽  
Vol 2 (1) ◽  
pp. 14-26
Author(s):  
Hasmik Kirakosyan ◽  
Ani Sargsyan

The glossary Daḳāyiḳu l-ḥaḳāyiḳ by Kemālpaşazāde is a valuable lexicological work that demonstrates the appropriation of medieval lexicographic methodologies as a means of spreading knowledge of the Persian language in the Transottoman realm. The article aims to analyse this Persian-Ottoman Turkish philological text based on the Arabic and Persian lexicographic traditions of the Early Modern period. The advanced approaches to morphological, lexical and semantic analysis of Persian can be witnessed when examining the Persian word units in the glossary. The study of the methods of the glossary attests to the prestigious status of the Persian language in the Ottoman Empire at a time when Turkish was strengthening its multi-faceted positions. Taking into account the linguistic analysis methods that were available in the sixteenth century, contemporary philological research is suggesting new etymologies for some Persian words and introduces novel lemmata, which make their first-time appearance in Persian vocabulary.


2007 ◽  
Vol 67 (3) ◽  
pp. 608-642 ◽  
Author(s):  
Mauricio Drelichman

The widespread ennoblement of the Spanish bourgeoisie in the Early Modern period has been traditionally considered one of the main causes of the “crisis of the seventeenth century.” Using a new time series of nobility cases I provide the first quantitative assessment of Castilian ennoblement. Contrary to established scholarship, I find that the tax exemptions cannot alone explain the flight to privilege. My data show that the central motivation behind ennoblement was to gain control of local governments. Although ennoblement reflected a high level of redistributive activity, there is no evidence linking it to economic stagnation in Spain.


2020 ◽  
pp. 1-5
Author(s):  
Pieter C. Emmer

In this article I discuss intercontinental migration during the early modern period. The discovery of the New World sparked a large-scale movement lasting more than four centuries. Before 1800, only 2 to 3 million Europeans availed themselves of the opportunity to move to the New World. Colonial powers, therefore, turned to Africa and transported about 11.5 million slaves to America. After 1850 and the gradual abolition of slavery, the migration of Europeans increased dramatically, but these migrants avoided the former slave regions. Some areas therefore resorted to the importation of Asian indentured labourers, mainly from British India.


1999 ◽  
Vol 31 (123) ◽  
pp. 305-327 ◽  
Author(s):  
Vincent P. Carey

One of the bitterest fruits of human conflict is the resort to massacre. From the St Bartholomew’s Day massacre in 1572 to ethnic cleansing in Bosnia, combatants have regularly attempted to defeat their enemies through acts of indiscriminate killing. The history of early modern European colonial expansion is replete with such incidents. The remembering and recounting of them has become the stuff of historical and political controversy. The aim of this article is not to review these painful episodes, but to examine the sixteenth-century context in which these resorts to massacre occurred; to focus on one particular atrocity that achieved some notoriety in Ireland in the early modern period; and to suggest that a now largely forgotten episode, at Mullaghmast in County Kildare in 1578, was part of a pattern of conquest which implicated not only the soldiers and settlers who served in the Gaelic localities, but also the upper echelons of the English administration in Ireland. This pattern was accompanied by an apologetic ideology of civility and savagery best reflected in a central text, John Derricke’s Image of Irelande (1581). Derricke’s Image provides us with sufficient evidence to suggest that indiscriminate slaughter was an accepted tool in the effort to subdue Gaelic Ireland. Indeed, Derricke’s text adds weight to the conclusion that the atrocity at Mullaghmast in 1578 implicates no less a figure than Sir Henry Sidney, the quintessential renaissance English official in Ireland. Mullaghmast is important not only because it demonstrates the officially sanctioned brutality of the conquest, but also because it raises the question of how memory and history are constructed.


This journal presents the challenges faced by maritime merchants operating in the North Atlantic in the early modern period, and examines the opportunities, aspirations, and methods utilised in the pursuit of profitable trade. The journal collects nine essays and a reflective conclusion, which cumulatively explore the major themes of trade within empires; growth of trade; new initiatives within trade empires; government initiatives in relation to maritime mercantile trade; merchant migration; and changes in international trade. The journal attempts to provide scholarly insight and perspectives into early modern economic life, through the maritime mercantile activities of various European and North American nations.


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