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Essay / Research Paper Abstract
A 10 page paper which examines the way business was conducted throughout the antiquity, the Renaissance, and the 17th century (specifically, such practices as money-lending, interest, trade, banking) and considers how this is depicted in such literary works as Plautus’s “The Pot of Gold (The Aulularia),” William Shakespeare’s “The Merchant of Venice” and Moliere’s “The Miser (L’Avare).” Bibliography lists 11 sources.
Page Count:
10 pages (~225 words per page)
File: TG15_TGbizlit.rtf
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Unformatted sample text from the term paper:
There has always been some type of business in existence, even if of a most primitive type. Most ancient civilizations had some type of currency exchange, but they
had primarily non-economic uses, such as tributes, bartering, bridal dowries, as religious contributions or even as "blood money" (Davies). Anything could be used for monetary purposes such as beads,
ivory, livestock, grains, alcohol, or metals (Davies). When trade and commerce were introduced, societies began accepting smaller commodities or tokens that were more easily portable and stored (Davies).
Banking originated in Mesopotamia, where wealthy palaces and temples needed secure places for the safekeeping of their grains and other riches (Davies). These early banks utilized receipts for currency
transfers were issued (Davies). As the banking structure became more complex, its operations needed to be regulated by laws that were detailed in the code of Hammurabi (Davies).
Banking practices soon made their way to Egypt, where harvests would be stored in large, government-owned warehouses (Davies). When metal coins began being exchanged in the West, there was
soon a distinction made between those made from precious metals and those more substandard in content (Davies). A severe coin shortage resulted from the Spartan takeover of Athenian silver
mines; therefore, the need for the minting of replacement, silver-plated bronze coins of lesser value necessitated (Davies). With so many different types of coins flooding Western markets, inflation quickly
became a problem (Davies). Despite the economic problems that resulted from the indiscriminate influx of currency, banking grew in prominence and sophistication. Trade commenced with a vengeance and loans
were actively sought by those who wanted to actively participate in international markets and those who wanted to purchase the ships needed for freight transport (Davies). Therefore, in order
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