Send Me A Text Message

Step into the vibrant world of medieval and early modern Europe, where the foundations of modern finance were forged in the crucible of international trade. Our journey begins in the crowded market squares of late medieval cities, where merchants grappled with a chaos of currencies and the perils of transporting precious metals across dangerous roads. Through their ingenuity, these traders developed revolutionary solutions that would transform the very nature of money itself.

From the humble beginnings at the Van der Buerse family inn in Bruges—where merchants gathered to trade gossip and bills of exchange—to the sophisticated trading floor of the Antwerp Bourse, witness the birth of the world's first purpose-built financial exchange. Discover how "layered money" emerged as merchants created innovative financial instruments like bills of exchange and promissory notes. 

Follow the money as we explore how Antwerp became Europe's first truly global financial center, setting the stage for Amsterdam's rise and establishing the revolutionary Bank of Amsterdam. Uncover the origins of familiar concepts like stock trading, options contracts, and interest rate arbitrage. See how speculation and market bubbles emerged alongside these innovations, culminating in the infamous tulip mania of the 1630s.

This episode connects the dots between medieval solutions to practical problems and today's sophisticated financial systems. From fractional reserve banking to electronic transfers, from market speculation to international trade networks, discover how the ingenious adaptations of Early Modern merchants laid the groundwork for modern global finance. 

Support the show

Podcast website: https://www.podpage.com/i-take-history-with-my-coffee/
Visit my blog at itakehistory.com and also follow on Facebook, Instagram, or Threads.
Comments and feedback can be sent to [email protected].
You can also leave a review on Apple Podcast and Spotify.
Refer to the episode number in the subject line.

If you enjoy this podcast, you can help support my work to deliver great historical content. Consider buying me a coffee:
I Take History With My Coffee is writing a history blog and doing a history podcast. (buymeacoffee.com)

Visit audibletrial.com/itakehistory to sign up for your free trial of Audible, the leading destination for audiobooks.

Intro Music: Hayden Symphony #39
Outro Music: Vivaldi Concerto for Mandolin and Strings in D