BRAINLIEST! What led to the creation of banks? Kings allowed common people to store wealth in their treasuries.

The Holy Roman Emperor declared that all spare money should be stored in a central location.

The barter system gave way to systems where moneychangers offered financial services.

The Black Death made it obvious that money had to be stored somewhere other than at home.

The barter system gave way to systems where moneychangers offered financial services.

1. international: struggle for hegemony and empire outstrips the fiscal resources of the state

2. political conflict: conflict between the monarchy and the nobility over the “reform” of the tax system led to paralysis and bankruptcy.

3. the enlightenment: impulse for reform intensifies political conflicts; reinforces traditional aristocratic constitutionalism, one variant of which was laid out in montequieu’s spirit of the laws; introduces new notions of good government, the most radical being popular sovereignty, as in rousseau’s social contract [1762]; the attack on the regime and privileged class by the literary underground of “grub street; ” the broadening influence of public opinion.

4. social antagonisms between two rising groups: the aristocracy and the bourgeoisie

5. ineffective ruler: louis xvi

6. economic hardship, especially the agrarian crisis of 1788-89 generates popular discontent and disorders caused by food shortages.