The Chinese government developed notes to take money with you without carrying cash for robbers to steal, but the Knights Templar were the ones who developed this outside of the hands of kings.
A pilgrim could leave his cash at Temple Church in London, and withdraw it in Jerusalem. Instead of carrying money, he would carry a letter of credit. The Knights Templar were the Western Union of the crusades....
The Knights Templar did much more than transferring money across long distances.
As William Goetzmann describes in his book Money Changes Everything, they provided a range of recognisably modern financial services.
when they were "disbanded", the Italian merchant families took over...
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