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Western European Banking

Reader comment on item: Islamic Economics: What Does It Mean?
in response to reader comment: Dr Kuran's Islamic Economy

Submitted by Steven Currie (United States), Nov 28, 2012 at 15:34

Banking in Western Europe has been around since at least the late 1400's and early 1500's. The Medicis and the Fuggers in Germany ran banking houses to support trade and their various businesses. This is NOT a new concept arising out of the Industrial Revolution.


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