stackyFACTSVictorian authorities believed the best way to get someone to repay a loan was to completely strip their ability to earn income. Debtors' prisons locked away families until they could magically produce the funds they owed, creating an endless cycle of poverty that delighted creditors but achieved absolutely nothing.
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Humanity's priorities have always been tragically corporate. Long before anyone figured out how to easily roll a cart from point A to point B, the Sumerians…
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Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the…
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Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…
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He may have written the Declaration of Independence, but he couldn't balance a checkbook. He lived so far beyond his means, importing expensive French wines…
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Talk about liquidating your domestic assets. Under the Code of Hammurabi, a man who fell severely into debt could literally hand over his wife or children to…
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British taxpayers only finished paying off the massive government debt incurred from the 1833 Slavery Abolition Act in the year 2015. Instead of compensating…
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