Question

How did banking change in Europe from the 1700s to the 1800s? The number of private banks sharply increased. The number of private banks sharply decreased. The number of government banks sharply increased. The number of government banks sharply decreased.

Answer 1

Anwser:

Perhaps the most spectacular changes in the 16th-century economy were in the fields of international banking and finance. To be sure, medieval bankers such as the Florentine Bardi and Peruzzi in the 14th century and the Medici in the 15th had operated on an international scale, but the full development of an international money market with supporting institutions awaited the 16th century. Its earliest architects were South German banking houses, from Augsburg and Nürnberg in particular, who were well situated to serve as financial intermediaries between such southern capitals as Rome (or commercial centres such as Venice) and the northern financial centre at Antwerp.

Answer 2

The number of private banks sharply increased.

Step-by-step explanation:

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