Mosaic Law
The Mosaic Law struck at the root of pawnbroking as a profitable business, since it forbade the taking of interest from a poor borrower, while no Jew was to pay another for timely accommodation. Jews could, however, lend money at interest to gentiles; until the Protestant Reformation, Christians were likewise forbidden to lend to each other at interest.
Read more about this topic: History Of Pawnbroking
Famous quotes containing the word law:
“I had often stood on the banks of the Concord, watching the lapse of the current, an emblem of all progress, following the same law with the system, with time, and all that is made ... and at last I resolved to launch myself on its bosom and float whither it would bear me.”
—Henry David Thoreau (1817–1862)