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The money-creation formula is oversimplified because it assumes that
Ignatius Loyola
Founder of the Society of Jesus (Jesuits), which was a significant force in the Counter-Reformation.
Catholic Reformation
A period of Catholic revival beginning in the late 16th century, in response to the Protestant Reformation, aiming to reform and renew the Roman Catholic Church.
Capuchins
An order of friars within the Catholic Church, known for their missionary work and simple lifestyle, identifiable by their distinct brown robes with large hoods.
Ursulines
A Roman Catholic religious order founded at Brescia, Italy, by St. Angela Merici in 1535, primarily focused on the education of young girls.
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