Where were banking houses

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Moreover, the principles established by financial institutions that facilitated trade guaranteeing the payment of a banking, promoting trust and efficiency but also cultural, technological, and.

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2. Banking houses: Banking houses were institutions that provided financial services along the Silk Road. They offered secure storage for. 1. SILK ROAD � 2. SAMARKAND � 3. KASHGAR � 4. BANKING HOUSES � 5. CARAVANSERAI � 6. CHAMPA RICE � 7. BATTLE OF TALAS � 8. BUBONIC PLAGUE. Banking houses required public space for financial transactions; private space for directors to deliberate about loans; and secure space for cash, bank notes.

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Financing took the form of a crop loan at the beginning of the growing season, which allowed a farmer to cultivate his annual crop, with the associated expenses of seeding, growing, weeding, and harvesting. Free banking or currency boards were common at the time. Sociological Theory. Perseus of Tufts University. The Theory and Practice of Banking.