Kicking Medieval Jews out of Europe damaged the economy...and the effects are still seen TODAY

[Solomon2]

Kicking Medieval Jews out of Europe damaged the economy...and the effects are still seen TODAY: Regions that expelled them have lower GDP than those that didn't

• Jewish communities were expelled from cities in the south of Italy in 1503
• A leading economist argues the impacts of this are still visible today
• Jews provided a flow of credit in northern cities leading to the first banks
• This has led to a 10 per cent income gap between north and south Italy

By RICHARD GRAY FOR MAILONLINE

PUBLISHED: 10:27 EST, 10 March 2016 | UPDATED: 10:46 EST, 10 March 2016

They have suffered a long history of persecution and, in some cases, Jews were actively expelled from entire regions of Medieval Europe.

But cities that tolerated and allowed Jewish communities to flourish may still be reaping the benefits today, according to a new academic paper.

It argues that in these areas, Jewish communities were instrumental in the establishment of some of the early banks during the Renaissance and the effects are still noticeable in modern economies.

Medieval Jewish moneylenders (painting of Medieval moneylenders pictured) and pawnbrokers in the northern city states of Italy during the Renaissance set those regions on the course to prosperity. By contrast, cities that expelled the Jews at around this time fell behind and this is still reflected in their economies today

Professor Luigi Pascali, an economist at the University of Warwick and Pompeu Fabra University in Barcelona, claims the presence of Jewish moneylenders and pawnbrokers during the 1500s resulted in more credit being available in municipalities.

This flow of cash ensured that productivity and income was able to increase.

Speaking to MailOnline, Professor Pascali said: 'I argue that cities, in which the local Jewish community in 1500 caused an early development of the banking sector, have more banks today and, because of this, are more developed today...



Read more: Regions that expelled the jews have lower GDP than those that didn't | Daily Mail Online
Follow us: @MailOnline on Twitter | DailyMail on Facebook

 

[Penguin]

Defence forum?
Discussions relating to the strategic issues, and world affairs issues on the European nations all the way to Russia?

 

[v9s]

 

[Vortex]

Agreed Jewish people are hard worker... But in same time we see what they do in Palestine, we know how Jewish pushed Usa to invade Irak an co...

 

[senheiser]

by that logic israel should be the ultra mega richest country in the world but its barley richer than greece

 

[Desertfalcon]

we know how Jewish pushed Usa to invade Irak an co...

Nah, that was our own stupidity. If anything, Israel understood far more clearly than we did that removing Saddam from power was bound to be to Iran's benefit and Iran is a far great threat to Israel than Iraq was.

 

[my2cents]

Kicking Medieval Jews out of Europe damaged the economy...and the effects are still seen TODAY: Regions that expelled them have lower GDP than those that didn't

• Jewish communities were expelled from cities in the south of Italy in 1503
• A leading economist argues the impacts of this are still visible today
• Jews provided a flow of credit in northern cities leading to the first banks
• This has led to a 10 per cent income gap between north and south Italy

By RICHARD GRAY FOR MAILONLINE

PUBLISHED: 10:27 EST, 10 March 2016 | UPDATED: 10:46 EST, 10 March 2016

They have suffered a long history of persecution and, in some cases, Jews were actively expelled from entire regions of Medieval Europe.

But cities that tolerated and allowed Jewish communities to flourish may still be reaping the benefits today, according to a new academic paper.

It argues that in these areas, Jewish communities were instrumental in the establishment of some of the early banks during the Renaissance and the effects are still noticeable in modern economies.

Medieval Jewish moneylenders (painting of Medieval moneylenders pictured) and pawnbrokers in the northern city states of Italy during the Renaissance set those regions on the course to prosperity. By contrast, cities that expelled the Jews at around this time fell behind and this is still reflected in their economies today

Professor Luigi Pascali, an economist at the University of Warwick and Pompeu Fabra University in Barcelona, claims the presence of Jewish moneylenders and pawnbrokers during the 1500s resulted in more credit being available in municipalities.

This flow of cash ensured that productivity and income was able to increase.

Speaking to MailOnline, Professor Pascali said: 'I argue that cities, in which the local Jewish community in 1500 caused an early development of the banking sector, have more banks today and, because of this, are more developed today...



Read more: Regions that expelled the jews have lower GDP than those that didn't | Daily Mail Online
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Countries change dramatically in few decades in terms of development and growth. Take Germany after unification. Japan after the war. They built their cities in ruins to their glorious selves.

How can you equate that to money lending some 500 years back. This professor is smoking weed.

 

[Vortex]

No bro,

What Israel understood very well is when instability is created by using the weakest point, a country will self destruct and it will take many years to recover. Look at what they did in Lebanon, Irak, Syria, they tried in Pakistan too with India...

 

[JonAsad]

Moral of the story - medieval jews are good for economy -

Currently all the modern day jews are mad evil -

 

[Solomon2]

Moral of the story - medieval jews are good for economy -

Currently all the modern day jews are mad evil -

So antisemitism in the past is wrong, but the antisemitism you espouse in the present is somehow right?

 

[Beast]

Then how about Germany? Ever since Hitler expelled out many Jews from Germany with very small portion left. Germany still remained 4th strongest economy power in the world.

What nonsense article is this?

 

[vostok]

Strictly speaking, Spain and Portugal after the expulsion of the Jews for centuries were superpowers. So it is unlikely that there is a direct link.