So, this has been going on for a while
The question of when and if money can be lent at interest for a guaranteed return is one of the oldest moral and economic problems in Western Civilization.
Back in the days when they had grain, flour, and cattle instead of reserve currency – Hesiod writes about usury.
It goes back before even that
In the history of the emergence of the monetary economy, Babylon is known as the origin of usury and the money-changer.
All this stuff that happened in “Iraq” – and all we’re supposed to know about it is sand and the ousted tyrant.
And what do we really know about the most infamous ousted tyrant?
For example, Dr. Hjalmar Schacht (former director of the Reichsbank of Hitler’s Germany) in 1953, at one of his lectures in Damascus, said that with the help of a simple mathematical calculation it is possible to prove how most of the money remains in the hands of several businessmen engaged in interest operations.
Aristotle was opposed to usury, so was Dante.
More and more mysterious to me why neech didn’t genealogize back to the time of Mesopotamia – Greek culture didn’t fall out of the sky. Maybe because he died too young?
Warriors ha, talk about someone with “deserved wealth” – risking your life – makes banking seem all the more trivial
The laws of Hammurabi did not leave their attention and warriors. The state was interested in preserving the allotments and cattle provided to the soldiers from encroachments from the usurers.
Going to have to study these “tablets” for a real thorough genealogy
The importance of loans and interest in the economic life of Babylonia was reflected not only in business documents of the beginning of the 2nd millennium BC, but also in school literature dating back to that time. In a series of tablets with the characteristic title Harra-khubullah, i.e. “Interest loan”, for educational purposes, Sumerian legal terms were collected, in particular, relating to loans and borrowings, with their Akkadian translation, such as “promissory note”, “interest loan”, “interest-free loan”, “gift” and etc.
I like the idea of a barter system – for instance, I post for years, you give me a bride. Sound like a deal? You’re my debt-slave in this regard.
What is this?
the banking house of Egibi, which played the role of the Babylonian Rothschild
Then there’s this one too
Babylon was located 100 km south of modern Baghdad, further south there was the no less ancient city of Nippur. There, five centuries BC, the second private bank, known in the history of mankind, arose – “the house of Murashu”.
Is it wrong of me to suspect “something” about these bankers?
The activity of the “bank Murashu” in 417 BC by a special decree was terminated by the Persian king Darius II.
Looks like I have some clay tablets to examine.