While faith was a consideration, if one was found to be unreliable in their business dealings, it could result in their ex-communication or denial of admittance into the congregation.Ĭonsequently, churches acted as mini financial institutions, and this gave credit to the Calvinist claim that the Protestant ethic contributed a great deal to modern-day capitalism. However, in the period examined, church-mindedness occupied the position of credit investigations since churches would only admit people whose fiscal reputations qualified them to mix with the rest of the flock. In the contemporary period, one’s worth as a businessperson is largely determined by their liquidity or the state of credit, according to their banker. Although the country was not particularly religious, the church appears to have been instrumental in facilitating the smooth transaction of business and other money-related affairs for parishioners. The document exploring protestant capitalist ethics in the USA was written in the year 1903, a time when the secular undercurrents that characterize capitalist dealings today had yet to take root.
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