Shakespeare A to Z | Banking and Commerce
Elizabethan England had neither banks nor lending institutions to support trade and commerce. Despite the absence of such establishments, business (both domestic and international) thrived while banking and currency systems were still being developed.
MONEY AND BANKING. Money in Shakespeare’s time consisted of coins, which came in a variety of types and denominations. Although the pound was the standard unit of exchange, no coin called a pound actually existed at that time. Instead, the pound was a measure of weight used to represent a sum of money—20 shillings. Paper money...
[The entire page is 1204 words long]