The Christianization of Usury in Early Modern Europe

In the early seventeenth century, the beginning of Europe's commercial revolution forced reconsiderations of the use of credit in long-distance trade. Unlike their Catholic competitors, Protestant regimes depended on the exchange of paper securities and other credit instruments. Protestant mora...

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Bibliographic Details
Main Author: Valeri, Mark (Author)
Format: Electronic Article
Language:English
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Published: Sage Publ. 2011
In: Interpretation
Year: 2011, Volume: 65, Issue: 2, Pages: 142-152
Online Access: Volltext (lizenzpflichtig)
Parallel Edition:Non-electronic
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Summary:In the early seventeenth century, the beginning of Europe's commercial revolution forced reconsiderations of the use of credit in long-distance trade. Unlike their Catholic competitors, Protestant regimes depended on the exchange of paper securities and other credit instruments. Protestant moralists developed rationalizations for usury as a concerted effort to protect the Protestant interest in the context of imperial warfare and colonial settlement. By the end of the seventeenth century, these moralists had made modern, market-oriented conceptions of usury commonplace in the Christian West.
ISSN:2159-340X
Contains:Enthalten in: Interpretation
Persistent identifiers:DOI: 10.1177/002096431106500205