There once was a powerful Organization that prospered in Europe with their Military capability. They were the Knights Templar, a religious union, also one that pledged allegiance to the Pope only. Amongst their members were princes, kings, as well as greater notably, Knights. Masters of trade and commerce, they are acknowledged by modern historians as the first international bankers. They enjoyed a period of great prosperity thanks to numerous donations of land along with estates. The Templars left behind several sites, some …show more content…
Nobles from all around Europe would take advantage of what was essentially a large financial infrastructure. The monks were sworn to poverty so they were trusted with riches. And this is what the Templars devoted much of their time to. People who were traveling large distances could deposit their money with the Templars where they departed from. They would receive a Note, and often an escort, to be exchanged for the full sum wherever they were arriving. Again, due to their vow of poverty, they didn’t charge interest. But the Templars were smart and instead of charging interest, they asked for “rent”. The Templar would also, often would give loans to Kings. Up to 2,000 marks at a