History Of Pawn Shops

History Of Pawn Shops

Did you know pawn shops started more than 3,000 years ago? For thousands of years, people all over the world sometimes find themselves needing FAST CASH.

Pawn shops originated in ancient China as a method of granting short term credit. Pawn shops thrived in Greece, Rome, and Europe becoming an important way of financing business endeavors and granting temporary aid. King Edward III of England pawned his jewels to help finance the war against France. Queen Isabella of Spain also pawned jewels to fund Christopher Columbus’ expeditions to the New World.

Did you know pawn shops started this long ago?

MORE HISTORY OF PAWN

Throughout history pawnbrokers have provided loans in exchange for valuable items. In the last 100 years pawn shops have been on the rise. These shops operate as a mini bank for millions of Americans and serve as an area of exchange for people of all class backgrounds to buy and sell items. In the US today, there are more than 12,000 pawn shops.

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