Bread Manufacturer
...token of exchange. In the Christian world the coins were introduce as medium of exchange for business transaction and the issuers of such coin were either the Church or the Crown which is the King. As there was limited amount of gold and silver available, the economic life of the nation had regularity and control on the business activities. The Christian world had the greater restriction. Interest charging was in prohibition. The Church clearly defines the interest dealing to be a serious sin and the policy was supported by the state. There were insensitive penalties for those who broke the law that restrict money transaction on interest.
Money is not a good, it is a measurement. Interest is making money from money. This is exactly what is happening today on a massive scale.
Jews are the pioneer in the middle Ages who began to specialize in money-lending and other practices which were forbidden in the Christians societies. They exploited the lower and upper class of Christian's community who finally realized that they being loose their blood due to money lenders on interest. Finally there were irregular uprisings of sentence and expulsions of Jews throughout Europe.
It is one reason why King Edward I expelled these disloyal people from England in 1290. Oliver Cromwell allowed Jews back when the moral authority of the Church was damaged and the King was beheaded in 1649.
Secondly, gold coins, jewels and other valuables were deposited with people who held strongboxes. These facilities were usually available with goldsmiths and money-lenders that were more often not goldsmith in business but a kind of custodians who also act as lenders. These loan-sharks and scrivener s realized that, secretly and without knowing to any they could charge people for looking after their deposits and then use those deposits to make lending to needy people on interest. With the...
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