The Economic Transition in India
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In our eReader you can find the full English version of the book. Read The Economic Transition in India Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Economic Transition in India
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They are represented as lying in wait for misfortune, and are as eager as 74 INDEBTEDNESS vultures when there is a chance of prey. The story of their action, whether in loans of money, cattle, or goods, is everywhere the same and similar to that of France: temptations, false accounts, the law courts, miserable cattle, and bad goods at maximum prices — all these are general. It was the terrible misery of the peasants as regards usury and the 'frightful and shameless' action of the usurers, that ...led Schulze Delitzsch and Raiffeisen to the idea of popular banks or credit unions, the former in fact regarding the usury question as the most important of the then social problems. The latter, in his first burgomastership, found his charge (Flammersfeld) a scene of poverty and usury. The cultivators seldom had cattle of their own but borrowed them from dealers whose terms they were forced to accept on penalty of losing their cattle, and the dealer was thus able to extort ' the whole value of the worth of the cattle, while the misery of the peasant increased (yet) more and more.
What to read after The Economic Transition in India?
You can find similar books in the "Read Also" column, or choose other free books by Morison, Theodore, Sir, 1863-1936 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
They are represented as lying in wait for misfortune, and are as eager as 74 INDEBTEDNESS vultures when there is a chance of prey. The story of their action, whether in loans of money, cattle, or goods, is everywhere the same and similar to that of France: temptations, false accounts, the law courts, miserable cattle, and bad goods at maximum prices — all these are general. It was the terrible misery of the peasants as regards usury and the 'frightful and shameless' action of the usurers, that ...led Schulze Delitzsch and Raiffeisen to the idea of popular banks or credit unions, the former in fact regarding the usury question as the most important of the then social problems. The latter, in his first burgomastership, found his charge (Flammersfeld) a scene of poverty and usury. The cultivators seldom had cattle of their own but borrowed them from dealers whose terms they were forced to accept on penalty of losing their cattle, and the dealer was thus able to extort ' the whole value of the worth of the cattle, while the misery of the peasant increased (yet) more and more.
What to read after The Economic Transition in India?
You can find similar books in the "Read Also" column, or choose other free books by Morison, Theodore, Sir, 1863-1936 to read onlineMoreLess
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