Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
The roots of modern Capital appeared in Mediterranean Europe in the 12th century, as a way of financing long haul sea trade, where a financier would provide capital, in the form of ship and merchandise, in exchange of half the gains of the trip. The concept extended slowly to other forms of long range trade until about the 18th century.

Capital thus has its roots in trade, not industry ; and was a minor aspect of society until the 18th century. By then enriched traders started to invest in land surrounding their cities rather than keep their capital in trading ; and slowly land became considered capital.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Sat Apr 14th, 2007 at 05:42:39 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Après May

by Frank Schnittger - Mar 22
25 comments

The gloves are off

by Frank Schnittger - Mar 20
32 comments

Brexit Fun: The John Bercow Show

by Oui - Mar 18
19 comments

Healing Earth (Through the Waters)

by gmoke - Mar 19
2 comments

People playing games

by Frank Schnittger - Mar 15
50 comments

No justice for Bloody Sunday

by IdiotSavant - Mar 14
2 comments

Occasional Series