Double-Entry Bookkeeping Was Built for Companies That Ended | History for Sleep

Double-Entry Bookkeeping Was Built for Companies That Ended Every debit has a credit. The rule is seven hundred years old, and the usual story says it let a business outlive its owners. The surviving ledgers say the opposite: the Peruzzi company of 1331 was written to end in 1335, the merchant Datini signed three hundred partnership deeds, and the Medici dissolved their branches on a schedule. With the clerk in Provence whose ledger is the oldest undisputed one, the friar who printed the method of Venice, the Goethe line that everyone quotes without the reply, and the economists who argued about whether it made capitalism. CHAPTERS 00:00 A List of Who Owes What 02:10 Torn Pages from a Florentine Bank 03:46 A Clerk in Provence, Thirteen Hundred 05:54 Every Debit Has a Credit 08:25 Genoa Watches Its Treasurers 10:33 Companies Built to End 14:37 Datini’s Three Hundred Partnerships 17:44 The Medici Closed Their Books Often 20:10 The Friar Who Printed the Method of Venice 26:49 Goethe Gave the Line to the Other Man 29:06 Did the Ledger Make Capitalism? 34:24 The Italian Method Crosses Europe MUSIC Concentration by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 https://creativecommons.org/licenses/... IMAGE CREDITS - Creative Commons Attribution These images require attribution under their licence: Titelbladet till "Summa de arithmetica ...".jpg by Stockholms Universitetsbibliotek from Stockholm, Sweden - CC BY 2.0 https://commons.wikimedia.org/wiki/Fi... Medieval coin, florin of the Republic of Florence. (FindID 979201).jpg by Suffolk County Council, Riccardo Caravello, 2019-11-08 12:44:26 - CC BY 2.0 https://commons.wikimedia.org/wiki/Fi... Medieval coin, Venetian soldino of Doge Michele Steno (FindID 867079).jpg by Derby Museums Trust, Alastair Willis, 2017-12-11 15:21:26 - CC BY 2.0 https://commons.wikimedia.org/wiki/Fi... The Moneylender and his Wife by Quinten Massijs.jpg by Ricardo Tulio Gandelman from Rio de Janeiro, Brazil - CC BY 2.0 https://commons.wikimedia.org/wiki/Fi... Palazzo San Giorgio, Genoa.jpg by Luca Galli from Torino, Italy - CC BY 2.0 https://commons.wikimedia.org/wiki/Fi... Statua di marco datini.JPG by sailko - CC BY 2.5 https://commons.wikimedia.org/wiki/Fi... Palazzo datini, prato, cortile 01.JPG by Sailko - CC BY 3.0 https://commons.wikimedia.org/wiki/Fi... Ter Beurze, Bruges, Belgium.jpg by Donarreiskoffer - CC BY 3.0 https://commons.wikimedia.org/wiki/Fi... Duomo di prato, esterno, facciata, orologio del 1457 con le ore rifatte dopo il 1750, 02.jpg by Sailko - CC BY 3.0 https://commons.wikimedia.org/wiki/Fi... Brugge Markt R04.jpg by Marc Ryckaert - CC BY 4.0 https://commons.wikimedia.org/wiki/Fi... PUBLIC DOMAIN / CC0 (28 images, no attribution required) Sourced from Wikimedia Commons. Full list with links is in the project repository. DIAGRAMS 2 diagrams drawn for this video. This video uses a synthetic voice. The "altered or synthetic content" disclosure has been ticked in YouTube Studio.