**cartoon full body white background explaining In England, all merchants' gold was kept in a royal castle in central London. From 1640, merchants worked together with goldsmiths. In return for handing over gold and silver, the merchant received a receipt that could be used to pay other merchants. This is how the banknote was born. It could also be exchanged for gold. Trust between people was essential in this way of working.** - Image #2 <@1090178515967688745>
cartoon full body white background explaining In England, all merchants gold was kept in a royal castle in central London. From 1640, merchants worked together with goldsmiths. In return for handing over gold and silver, the merchant received a receipt that could be used to pay other merchants. This is how the banknote was born. It could also be exchanged for gold. Trust between people was essential in this way of working.