By Sidney Homer, Richard Sylla
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A background of rates of interest provides a truly readable account of rate of interest tendencies and lending practices over 4 millennia of monetary heritage. regardless of the paucity of knowledge sooner than the commercial Revolution, authors Homer and Sylla offer a hugely precise research of cash markets and borrowing practices in significant economies. Underlying the research is their statement that "the loose industry long term interest rates for any commercial kingdom, accurately charted, offer a kind of fever chart of the industrial and political overall healthiness of that nation." Given the large volatility of charges within the twentieth century, this suggests we're residing in age of political and financial excesses which are mirrored in great rate of interest swings. achieve extra perception into this statement through ordering a duplicate of this booklet this present day.
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Extra resources for A History of Interest Rates (4th Edition)
T. Murray, Loeb Classical Library). Aristophanes (Lysistrata, 640–5) recounts the participation of a well-to-do girl in various festival activities: “Bore, at seven, the mystic casket; Was, at ten, our Lady’s miller; then the yellow Brauron bear; Next (a maiden tall and stately with a string of figs to wear) Bore in pomp the holy Basket” (trans. B. B. Rogers, Loeb Classical Library). There was a festival planned and attended only by women. It was a threeday festival in honor of Demeter called Thesmophoria.
See “Glossary of Greek names and terms” at the end of the book for Cimon and ostracism. His ostracism ushered in the age of Pericles, his major political rival. Age of Pericles began. It lasted till his death in 429. The Parthenon was built during the period 447–32. This is also called the golden age of Greece. Peloponnesian War started. What prompted it initially was a dispute between Athens and Corinth but it soon developed into a war between the 8 Economy and Economics of Ancient Greece Athenian League and the Peloponnesian Alliance headed by Sparta.
A similar custom is practiced in Japan on February 4, the day of Setsubun. ” Closely tied with the notion of the otherworldliness of gods is the notion that gods love purity and abhor pollution. In both ancient Greece and Japan, purification with water was an important ritual. The Japanese call it misogi and originally it meant washing away sins and impurities by the spiritual power of water, especially seawater. In Eleusinian mystery-rites held every September in Athens, the initiates were required to bathe in the sea to purify themselves before they could participate in the rituals.