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... bankers came up with another innovation, which they felt was a good time to start making loans.
Stockholm Bank began to lend money to companies to finance inventories of tar, salt and sugar. For nobles, banks began to guarantee various forms of secured loans. Land was the most common collateral, but some Very conventional loans emerged, such as a woman borrowing 2,700 copper coins from a silver candlestick, or a noble borrowing a sum of money secured by the name of one or more people.
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