The Original Poster w/ Patrick Wyman | American Prestige
Notes
- [[the great divergence]], when the backwater of Europe overtook the Muslim world
- the thing that changed the power relation between monarchs and financiers was public debt and interest bearing debt, which was pioneered in Spain
- Spain could pay for this because of their new world conquests
- Luther became popular because he found he was very suited for the medium of printing, which was good news for printing companies
Refs