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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.