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:
“Listen, little boy. In this business, there’s only one law you gotta follow to keep outta trouble. Do it first, do it yourself, and keep on doin’ it.”
—Ben Hecht (1893–1964)