As gold and silver came to be in demand and money markets began to emerge, what else also emerged?

Question

Quizplus · Accepted Answer

As money markets developed, new trading companies and banking firms emerged to facilitate and manage the exchange and sale of goods. These institutions played a crucial role in the growth of international trade and the global economy. While bookkeeping overseen by local lords and the king's household may have developed to some extent, it was likely not as significant a development as the emergence of new trading companies and banks. The increase of manufacturing was not necessarily linked to the emergence of money markets, and there is no evidence that new practices were established to limit merchant gains. The life of peasants may have become less stable due to various factors, but this is not necessarily a direct result of the growth of money markets.

As Gold and Silver Came to Be in Demand and Money