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Cultural ExchangeJews, Christians, and Art in the Medieval Marketplace$
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Joseph Shatzmiller

Print publication date: 2013

Print ISBN-13: 9780691156996

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691156996.001.0001

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Security for Loans

Security for Loans

Church Liturgical Objects

(p.22) Chapter Two Security for Loans
Cultural Exchange

Joseph Shatzmiller

Princeton University Press

This chapter exposes members of the clergy in need of credit for their monasteries and churches. They were prepared to give as securities objects that were considered sacred. By relinquishing such objects they ignored papal and ecclesiastical councils' prohibitions. The chapter looks at how the emerging credit economy in the High Middle Ages required solid assurance and at times collaterals of great value. Church property comes immediately to mind because most artistic creativity was commissioned by ecclesiastics and religious institutions, right up to the High Renaissance period and even beyond. Despite the ire and unhappiness that occurred between the Jewish and Christian financiers, the necessities of life had the upper hand, and protesting voices were calmed.

Keywords:   clergymen, sacred objects, monasteries, ecclesiastical councils, credit economy, High Middle Ages, Jewish financiers, Christian financiers

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