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Inter caetera; Pacioli; the Requerimiento

THE HISTORICAL RECORD  ·  1493  ·  World

Home › Timeline › The Releases, and the Enclosure That Follows Each › Inter caetera; Pacioli; the Requerimiento

Inter caetera partitions the New World by papal bull. Pacioli prints double-entry bookkeeping. Spain adopts the Requerimiento — a legal text read aloud in Spanish to people who did not understand it, to make conquest lawful.

In plain words

A papal bull divides the New World; Pacioli prints double-entry bookkeeping; Spain reads the Requerimiento aloud, in a language the people it addresses do not speak, to make conquest lawful: the altar issues property title, and the ledger gets its instrument.

The mechanism

THE ALTAR ISSUING PROPERTY TITLE, and THE LEDGER GETTING ITS INSTRUMENT — Pacioli's book is the accounting the entire credit era runs on

How it was checked

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