search
Knights Templar
Trends
- 1The 12th-century military disaster that reshaped global finance●The 12th-century military disaster that forever changed global finance
A widely shared historical essay argues that a 12th-century military catastrophe had lasting consequences for the world's financial system. The piece connects the defeat of crusader forces to changes in how money was moved and lent, crediting military orders such as the Knights Templar with pioneering early international banking. Readers are drawn to the idea that a battlefield loss helped shape modern finance.