What Was Medieval Banking and How Did it Work?

Here’s a relatively quick and interesting video about medieval banking systems and how they worked. Whether or not this is something you’ve ever sat and wondered about is up in the air, but it’s interesting to learn about none the less.

Explaining The Medieval Banking System

It’s interesting to see the similarities that influence the way we interact with banks today, along with the things that are much different in today’s society compared to the Medieval ages.

This channel has a lot of interesting videos about history through the ages, and having them portrayed with bite-size animations certainly helps to cruise through them.

Of course, you won’t gain a masterful understanding of any topic in a matter of minutes, but you can watch a dozen of these videos in about as much time as it takes to watch an episode of a TV show, and you can take notes of which topics interest you and then you can dig into those topics.

If you had heard about Medieval banking and just wanted a quick rundown, this is a perfect video for that. For most people, that’ll tell them what they need to know, and they’re all set. For the folks who want to go on to learn about it more in-depth, there are plenty of resources to check for that.

Long Videos About Medieval Banking

You can watch longer and more in-depth videos about Medieval banking and other interesting topics, and you can even buy or borrow some books if you really become fascinated in them. Follow your interests, and channels like History Matters that can introduce you to a lot of different areas of study are so valuable.

Beyond Medieval Banking

If you’re interested in the topic of medieval banking, what is it that draws you into it? Is it the timeline, the Medieval ages? There’s so much more to study about them, thankfully! Or is it the banking and finance angle of things?

If that’s the case, there’s so much you can study that ranges from modern economics and even things like asking how does Bitcoin work? Could you imagine if the medieval bankers had to ask themselves about Bitcoin? Granted, they probably had similar items to fill in, in some fashion.

Final Thoughts

Can you see any parallels into the current way that banks work and medieval banking? Have you spent some time to study and understand how banks work, how they make money, how to use them effectively and which products might be best to avoid?

For example, sometimes you can take out a line of credit instead of a credit card to buy things, and end up paying a much lower interest rate. A bit of knowledge can save you a lot of money!

What is Medieval banking and how does it work? Hopefully you have a better understanding of this now.

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