History of Pawnbroking - Mosaic Law

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:

    You are, or you are not the President of The National University Law School. If you are its President I wish to say to you that I have been passed through the curriculum of study of that school, and am entitled to, and demand my Diploma. If you are not its President then I ask you to take your name from its papers, and not hold out to the world to be what you are not.
    Belva Lockwood (1830–1917)