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Essay

Medieval

Essay specific features

 

Issue:

History

 

Written by:

Ronald S

 

Date added:

September 30, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 682

 

Was viewed:

1699 times

 

Rating of current essay:

 
Essay content:

However, with the explosion of trade, medieval Europe experienced a great problem. This problem was the theological influence of the Christian Church on European tradesmen and merchants. Usury refers to charging interest on a loan, something the Christian Church forbade because morally, loans were given from the heart to help an individual during difficult times...
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It was considered wrong to take advantage of another Christian in such a way, and therefore the Church's prohibition meant that merchants often hid their interest through adding it to the original sum and not noting such practices explicitly . This changed however, when the Christian Church eased on these rules against charging interest through understanding the risks the investors were taking and through allowing interest to a certain level of payment before it being considered "usury"...
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