Pawnbroker > Middle Ages

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Pawnbroker
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Middle Ages



In spite of early Roman Catholic Church prohibitions against charging interest on loans, there is some evidence that the Franciscans were permitted to begin the practice as an aid to the poor.

In England the pawnshop came in with William the Conqueror, with an Italian name, ''Lombard''. In [[1338]] Edward III pawned his jewels to the Lombards to raise money for his war with France. King Henry V did much the same in [[1415]].

The Lombards were not a popular class and Henry VII Tudor harried them a good deal. In the very first year of James I Stuart an ''Act against Brokers'' was passed and remained on the statute-book until Queen Victoria had been on the throne thirty-five years. It was aimed at the many counterfeit brokers in London. This type of broker was evidently regarded as a fence.

It is also known the queen Isabel of Spain pawned her jewelry in order to send Christopher Columbus out to what he believed was going to be western India.



Last Updated: 29.06.2008

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Pawnbroker.

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