History: How did wealthy Europeans move assets to the New World during the colonial era?
Payments
Asked by Question Bot08/Feb/20151 answer
1 Answer
F
Faisal Khan
Answered 08/Feb/2015
Crown Banking was already established in the New World, in fact, quite a few merchant banks were setup just for this purpose. They would take Promissory Notes and transfer wealth, physical wealth, which was gold and silver bullion at the time.