Knights Templar BankingKnights Templar Banking - Usury ( money lending)
The Knights Templar banking activities led to their involvement with Usury. Usury was a form of money lending where an initial charge was made for a loan, or interest was charged on the repayments. The increase of the Knights Templar wealth in turn led to becoming involved in banking which in turn brought even greater wealth into the Knights Templar order. Their financial power due to their banking activities led to great political power in all of the countries in Europe of the Middle Ages. Knights Templar Banking - the decline of the order
The Knights Templar banking activities increased their financial wealth and political power. Powerful monarchs went to the Knights Templar treasurers to obtain loans to finance their interests which included financing the cost of mounting a war. This was the case of King Philip IV of France (1268-1314) who was already heavily in debt to the Knights Templar when he requested a further loan to finance a war. The request was refused and a furious King Philip mounted an attack on the Knights Templar order. Pope Clement V initiated enquiries into the order and thousands of Knights Templar were arrested across Europe on charges of heresy. Anyone found sheltering a Templar was under threat of excommunication. This led to the decline of the Knights Templar Banking activities and the order itself. Knights Templar Banking
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Knights Templar Banking- Interesting Facts and information about Knights Templar Banking in the Middle Ages
- People and events in the Middle Ages
- Knights Templar Banking history
- Knights Templar Banking activities and Usury
- Knights Templar Banking decline
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