The Rise and Fall of the Knights Templar
TLDR The Knights Templar were a powerful monastic military order that protected Christian pilgrims in the Middle East. However, their success led to their downfall, as they became wealthy and influential, leading to their arrest and disbandment by King Philip IV of France.
Timestamped Summary
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The Knights Templar were a powerful monastic military order that protected Christian pilgrims in the Middle East, but their success ultimately led to their downfall.
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The Knights Templar were established in 1120 to protect European pilgrims traveling to Jerusalem, and they were both a monastic and military order.
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In 1128, Bernard of Clairvaux and Hugh de Paen established the Latin Rules for the Templars, which provided ground rules for the organization and conduct of its members, and in 1129, the order received formal approval at the Council of Trois, becoming hugely popular and receiving donations and support.
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The Knights Templar were granted numerous privileges, including the spoils of war, direct reporting to the Pope, exemption from local taxes and tithes, and the ability to provide banking services such as issuing letters of credit.
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The Knights Templar became a wealthy multinational corporation, purchasing land, funding construction, lending money to kings, and engaging in trade.
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The Templars lost their last possession in the Middle East in 1303, and King Philip IV of France ordered their arrest in 1307, leading to the disbandment of the order in 1312 and the burning alive of Jacques de Molay and other Templars in 1314.
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The remaining Templars were absorbed into other military orders, their wealth was confiscated, and their land was given to the Knights Hospitaler, but their memory and alleged hidden wealth have kept the Knights Templar in the public consciousness.