The History of Greece
The History of Greece
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But the most effective measure was the alteration of the standard of the coinage. Solon caused the drachms to be coined of lighter weight, so that one hundred new drachms were equal in value of silver to seventy-three old, and then set- tled that all outstanding debts should be repaid according to the new standard of coinage. Hence he who owed 1,000 drachma had his debt decreased by 270 drachms.
Digitized by Google 360 Hidory oj Greece. [Book 1L The measure was advantageous to all laboring unde...r obli- gations of money, to the poor as well as to the rich ; but to the former of course in a superlative d^ree. Probably the repayment in fixed terms was also &rther &cilitated by additional concessions. Such a man as Solon was able to achieve extraordinary results by means of the mild force of his personality and the sagacious use of the fiivorable feeling with which he was r^arded. The state itself allowed its debtors to go free, and renounced all claims for outstanding money-fines. Thus many farm-peasants were enabled to commence an establishment on a new footing; and, rejoicing in his success, the noble Solon might in his poems call Mother Earth to witness that she had linden freed by him from the hateful burden of the mortgage-pillars.
What to read after The History of Greece?
You can find similar books in the "Read Also" column, or choose other free books by Curtius, Ernst, 1814-1896. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But the most effective measure was the alteration of the standard of the coinage. Solon caused the drachms to be coined of lighter weight, so that one hundred new drachms were equal in value of silver to seventy-three old, and then set- tled that all outstanding debts should be repaid according to the new standard of coinage. Hence he who owed 1,000 drachma had his debt decreased by 270 drachms.
Digitized by Google 360 Hidory oj Greece. [Book 1L The measure was advantageous to all laboring unde...r obli- gations of money, to the poor as well as to the rich ; but to the former of course in a superlative d^ree. Probably the repayment in fixed terms was also &rther &cilitated by additional concessions. Such a man as Solon was able to achieve extraordinary results by means of the mild force of his personality and the sagacious use of the fiivorable feeling with which he was r^arded. The state itself allowed its debtors to go free, and renounced all claims for outstanding money-fines. Thus many farm-peasants were enabled to commence an establishment on a new footing; and, rejoicing in his success, the noble Solon might in his poems call Mother Earth to witness that she had linden freed by him from the hateful burden of the mortgage-pillars.
What to read after The History of Greece?
You can find similar books in the "Read Also" column, or choose other free books by Curtius, Ernst, 1814-1896. [from Old Catalog] to read onlineMoreLess
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