Well it depends on how religious you are
Answer:
the growth of banking houses
Explanation:
Based on the evidence in this passage, "the growth of banking houses" was an economic development that encouraged trade in Europe from 1200 to 1450.
This rise of banking houses supported economic growth and also helped to develop interregional trade in luxury goods. The excerpt reveals that there was the use of a means of exchange known as "paper money". This paper money shows the growth of banking houses at that time and probably issued by the banking houses. So, people paid for goods with the use of paper money.
In the Middle Ages, the banks were developed in Europe to aid trading.
Bank of Amsterdam
The creation of Bank of Amsterdam allowed merchant firms to hold money on accountinstead of carrying precious metals as a form of payment for trade goods.
The Bank of Amsterdam, founded in 1609, was the primary public bank to supply accounts circuitously convertible to coin. As such, it may be described because the first true financial organization. The debut of financial organization money didn't result from any conscious policy decision, however, but instead arose almost inadvertently, in response to the chaotic monetary conditions during the first years of the Dutch Republic. This paper examines the history of this momentous development from the attitude of recent monetary theory.
To learn more about trade goods refer :
brainly.com/question/17727564
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The correct answer to this open question is the following.
I think the U.S. backed down on its enforcement of the Treaty once gold was discovered in the Black Hills because the United States federal government had already signed and formalized the Treaty of Laramie in 1868, in which the government recognized that region of Black Hills as a territory of the Sioux Native American Indian tribe.
Let's have in mind that although large gold deposits were found in 1875 in Deadwood Gulch, Black Hills territory and thousands of people went there to find fortune, the territory already belonged to the Lakotas and the Sioux.
