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It is a money-dealing, and a money-dealing only, which can exist between them; and when you hear that a black man is favored, and that 20,000l. is pretended to be left in his hands, do not believe it: indeed, you cannot believe it; for we will bring evidence to show that there is no friendship between those people, and that, when black men give money to a white man, it is a bribe, and that, when money is given to a black man, he is only a sharer with the white man in their infamous profits.
Money-Dealing In order to show what dimensions money-dealing assumed by the side of this estate-husbandry unnaturally prospering over the ruin of the small farmers, how the Italian merchants vying with the Jews poured themselves into all the provinces and client-states of the empire, and how all capital ultimately flowed to Rome, it will be sufficient, after what has been already said, to point to the single fact that in the money-market of the capital the regular rate of interest at this time was six per cent, and consequently money there was cheaper by a half than it was on an average elsewhere in antiquity.
Money-Dealing In order to show what dimensions money-dealing assumed by the side of this estate-husbandry unnaturally prospering over the ruin of the small farmers, how the Italian merchants vying with the Jews poured themselves into all the provinces and client-states of the empire, and how all capital ultimately flowed to Rome, it will be sufficient, after what has been already said, to point to the single fact that in the money-market of the capital the regular rate of interest at this time was six per cent, and consequently money there was cheaper by a half than it was on an average elsewhere in antiquity.
For Italian money-dealing there was fixed a maximum amount of the loans at interest to be allowed in the case of the individual capitalist, which appears to have been proportioned to the Italian landed estate belonging to each, and perhaps amounted to half its value.
Money-Dealing and Commerce The most brilliant, or rather the only brilliant, side of Roman private economics was money-dealing and commerce. First of all stood the leasing of the domains and of the taxes, through which a large, perhaps the larger, part of the income of the Roman state flowed into the pockets of the Roman capitalists.
But the money-dealing business very soon developed the machinery of credit by which anybody who had an enterprise or a venture out of which he expected to make an attractive profit could, if he had sufficient property to pledge, provide himself with the means to finance it between the day that he started on his operations and the day when he brought home his profits: and this business also became international, though not, perhaps, as rapidly as commerce had overstepped the boundaries between one people and another.
Specialization increases efficiency, but makes the worker a machine, and a speculator on the chance that others will want what he makes. International trade also promotes both unity and friction. On the whole, commerce a great promoter of unity. Likewise finance, or money-dealing. Its origin and development.
The rich, the speculative, the operating, the money-dealing classes may not always feel the mischiefs of, or may find casual profits in, a variable currency, but the misfortunes of such a currency to those who are paid salaries or wages are inevitable and remediless.
"If we could, citizens" he said in his speech "we should indeed all keep clear of this burden. But, as nature has so arranged it that we cannot either live comfortably with wives or live at all without them, it is proper to have regard rather to the permanent weal than to our own brief comfort." IV. XI. Money-Dealing and Commerce IV. X. The Roman Municipal System IV. I. The Subjects
Money-Dealing and Commerce The most brilliant, or rather the only brilliant, side of Roman private economics was money-dealing and commerce. First of all stood the leasing of the domains and of the taxes, through which a large, perhaps the larger, part of the income of the Roman state flowed into the pockets of the Roman capitalists.
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