3 ms·
I'm not a historian, but the bottom class seems toke a lot of debt. That's a common way for a free man to become a slave. Also, debt relieve (or the lack of) wa
by nichtich 12y ago
I'm not a historian, but the bottom class seems toke a lot of debt. That's a common way for a free man to become a slave. Also, debt relieve (or the lack of) was always a big reason for mass movements or riots.
As for peasants, I'm not sure about Europe, but in China they are one of the biggest client group. They would take out loans in planting season and pay it back in harvest. The standardization of these loans' terms and making it a government monopoly is a big part of Wang Anshi's[1] reform.
[1]:http://en.wikipedia.org/wiki/Wang_Anshi http://en.wikipedia.org/wiki/Wang_Anshi