Venice's Monte Vecchio public debt

1262Major

Venice consolidates its forced loans into one fund paying 5 percent from excise taxes. Its shares are transferable and traded, an early form of tradable government bond.

Longest chain: The Big Bang → First stars ignite → Supernovae seed heavy elements → The Sun forms → Earth forms → First oceans → First life → Photosynthesis evolves → Great Oxidation Event → Complex cells (eukaryotes) → Multicellular life → First animals → Cambrian Explosion → First vertebrates → Jawed fish → Fish walk onto land → The amniotic egg → The Great Dying → Dinosaurs appear → Asteroid ends the dinosaurs → Early primates → Apes split from monkeys → Human line splits from chimpanzees → Walking upright → First stone tools → Genus Homo appears → Homo erectus → Control of fire → First fired clay figures → First pottery → Copper smelting → Bronze Age begins → First coins → Venice's Monte Vecchio public debt

Community notes

Loading notes…

Learn more ranked by votes

Documentpeople.bu.edu

Italian city-states and financial evolution (Fratianni and Spinelli) ↗

Editor's pick

Documenteconomics.utoronto.ca

Usury and medieval-Renaissance public debts (John Munro, University of Toronto) ↗

Editor's pick

BookWilliam N. Goetzmann

Money Changes Everything: How Finance Made Civilization Possible ↗

Editor's pick

VideoSearch on YouTube

Venice medieval public debt bonds history ↗

Editor's pick