Guide to the Hidden History of Debt
From The Observatory
Editor: Katherine Dolan
Source: Human Bridges Project
Our financial system originated in Mesopotamia, where it was designed to ensure economic stability for a community. Over time it has transformed into something much more predatory.
1
Many of our modern financial instutions and instruments came from Bronze Age Mesopotamia.
2
When interest-bearing debt moved west from Mesopotamia to the Greek peninsula, debt forgiveness was discarded and a new powerful oligarch class emerged.
3
Landgrabbing and predatory practices became more prevalent in Rome and may have ultimately contributed to the fall of the Empire.
4
A power struggle involving popes, kings, and financiers led to a funding drive aimed at launching a huge military pilgrimage .
5
The document that presaged British democracy came about because of a dispute between Kings and Barons.
6
A discussion of the origins of urbanization may provide some insight into the character of modern social problems by highlighting the long historical dynamic at work.
