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.
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Many of our modern financial instutions and instruments came from Bronze Age Mesopotamia.
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When interest-bearing debt moved west from Mesopotamia to the Greek peninsula, debt forgiveness was discarded and a new powerful oligarch class emerged.
4
Landgrabbing and predatory practices became more prevalent in Rome and may have ultimately contributed to the fall of the Empire.
5
A power struggle involving popes, kings, and financiers led to a funding drive aimed at launching a huge military pilgrimage .
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The document that presaged British democracy came about because of a dispute between Kings and Barons.
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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.
