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History Rebuilt Post 29 (7) - Agenda of Colonization By Europe (Banking & Finance)

We need to step back and look at several things about colonization by European countries. We will look at the reasons for colonization and the agenda behind the movement. We have said throughout our building of the truth about history wee have stated that every movement forward in history and every expansion and conflict was caused by the need to create wealth. So what was the condition of Europe at the time colonization started. If you truly don't understand this point just go back and review the detailed facts about each of the 13 colonies relationship with the British Crown. In reading the following, begin conditioning the mind to look for things that relate to our current day economy.


Perhaps the most spectacular changes in the 16th-century economy were in the fields of international banking and finance. To be sure, medieval bankers such as the Florentine Bardi and Peruzzi in the 14th century and the Medici in the 15th had operated on an international scale, but the full development of an international money market with supporting institutions awaited the 16th century. Its earliest architects were South German banking houses, from Augsburg and Nürnberg in particular, who were well situated to serve as financial intermediaries between such southern capitals as Rome (or commercial centres such as Venice) and the northern financial centre at Antwerp. Through letters of exchange drawn on the various bourses that were growing throughout Europe, these bankers were able to mobilize capital in fabulous amounts. In 1519 Jakob II Fugger the Rich of Augsburg amassed nearly two million florins for the Habsburg king of Spain, Charles I, who used the money to bribe the imperial electors (he was successfully elected Holy Roman emperor as Charles V). Money was shaping the politics of Europe.


The subsequent bankruptcies of the Spanish crown injured the German bankers; from 1580 or even earlier, the Genoese became the chief financiers of the Spanish government and empire. Through the central fair at Lyon and through letters of exchange and a complex variant known as the asiento, the Genoese transferred great sums from Spain to the Low Countries to pay the soldiers of the Spanish armies. In the mid-16th century, dissatisfied with Lyon, the Genoese set up a fictional fair, known as Bisenzone (Besançon), as a centre of their fiscal operations. Changing sites several times, “Bisenzone” from 1579 settled at Piacenza in Italy.

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