History of Europe, ancient and medieval: Earliest man, the Orient, Greece and Rome . r whole stock to one dealer, for fearthat if he had all there was of a commodity he might raise theprice above the justone. These ideasmade all wholesaletrade very difficult. 649. Payment ofInterest on Moneyforbidden. Akinto these prejudicesagainst wholesalebusiness was thatagainst taking in-terest. Money wasbelieved to be adead and sterilething, and no onehad a right to de-mand any returnfor lending it. In-terest was consid-ered wicked, sinceit was exacted bythose who took advantage of the embarrassments of o
History of Europe, ancient and medieval: Earliest man, the Orient, Greece and Rome . r whole stock to one dealer, for fearthat if he had all there was of a commodity he might raise theprice above the justone. These ideasmade all wholesaletrade very difficult. 649. Payment ofInterest on Moneyforbidden. Akinto these prejudicesagainst wholesalebusiness was thatagainst taking in-terest. Money wasbelieved to be adead and sterilething, and no onehad a right to de-mand any returnfor lending it. In-terest was consid-ered wicked, sinceit was exacted bythose who took advantage of the embarrassments of others. Usury, as the taking of even the most moderate and reasonablerate of interest was then called, was strenuously forbidden by thelaws of the Church. We find Church councils ordering that im-penitent usurers should be refused Christian burial and have theirwills annulled. So money lending, which is necessary to all greatcommercial and industrial undertakings, was left to the Jews,who were not required to obey the rules established by the Chris-tian Church for its own
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