Why Merchants Started Writing Every Payment Twice
Renaissance

Why Merchants Started Writing Every Payment Twice

Reconciling his books in 1347, a Genoese banker stumbled into what would become double-entry bookkeeping, the foundation of modern capitalism.

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RenaissanceMedieval EuropeAccountingEconomicsMonasticismCommercial RevolutionFinancial SystemsMathematicsItalian City StatesBenedetto CotrugliDouble Entry Bookkeeping

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Why Merchants Started Writing Every Payment Twice | Untold Archives