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(In the same place, with. 265).]The systematised right increased ability to predict behaviour People of all social statuses and in the diversified situations. This on
To itself conducted to reduction of trading and investment risks. Replacement of the discretionary
Justice it and royal courts however their decisions were wise, Rather reliable system of the right was the important element of development Capitalist institutes. in the patriarchal states of Asia, other was impossible during the period
The Greek cities-states (policies), with. 208), it is necessary to have possibility to rely
On account, "That the capitalist form of the organisation
Productions could operate rationally,
Instead of the monarch... It has been generated by conditions of time. "(In the same place, In Europe at the time of Stewarts, earlier. Royal justice with its mercy Pardon of debts constantly introduced the disorder to values of engineering. Request that the national bank of England acted in interests of public and reasonable management. At that
Bills
In XIII century the Italian dealers have started to use instead of a hard coin
Bills. Use of bills allowed them to remit money the same as it Done, making out a banker's check which is transferable bank The bill. In Amsterdam, and later in Antwerp there were markets of bills. Actually, they attended to granting of the cheap short-term credit, Necessary for developing trade.
The system of bank deposits has developed in parallel with the market of bills and in communications
With it. Note brokering allowed to bypass a church interdiction for collection
Percent, as bill acquisition at a discount concerning it
Nominal price it was interpreted not as a cost of borrowing, and as the account of risk -
The presented bill can and not pay. In process of practice distribution Uses of bills a little known dealers have started to place means in Known trading houses to have an opportunity to pay bills, Made out on the last. At whom corresponding deposits accumulated, It was required to a few time to think that for payment of the presented Bills it is enough to keep on hands only small part of means, and the rest
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