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Seisachtheia
Seisachtheia (, from σείειν ''seiein'', to shake, and ἄχθος ''achthos'', burden, i.e. the relief of burdens) was a set of laws instituted by the Athenian lawmaker Solon (c. 638 BC–558 BC) in order to rectify the widespread serfdom and slavery that had run rampant in Athens by the 6th century BCE, by debt relief. Debt in Athenian society Under the pre-existing legal status, according to the account of the '' Constitution of the Athenians'' attributed to Aristotle, debtors unable to repay their creditors would surrender their land to them, then becoming ''hektemoroi'', i.e. serfs who cultivated what used to be their own land and gave one sixth of produce to their creditors. Should the debt exceed the perceived value of the debtor's total assets, then the debtor and his family would become the creditor's slaves as well. The same would result if a man defaulted on a debt whose collateral was the debtor's personal freedom. Seisachtheia reforms The ''seisachtheia' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solon
Solon (; ; BC) was an Archaic Greece#Athens, archaic History of Athens, Athenian statesman, lawmaker, political philosopher, and poet. He is one of the Seven Sages of Greece and credited with laying the foundations for Athenian democracy.Stanton, G. R. ''Athenian Politics c. 800–500 BC: A Sourcebook'', Routledge, London (1990), p. 76.E. Harris, "A New Solution to the Riddle of the Seisachtheia", in ''The Development of the Polis in Archaic Greece'', eds. L. Mitchell and P. Rhodes (Routledge 1997) 103 Solon's efforts to legislate against political, economic and moral declineAristotle, ''Politics'', 1273b 35–1274a 21 resulted in his Solonian Constitution, constitutional reform overturning most of Draco (lawgiver), Draco's Draconian constitution, laws. Solon's reforms included debt relief later known and celebrated among Athenians as the (shaking off of burdens). He is described by Aristotle in the ''Constitution of the Athenians (Aristotle), Athenian Constitution'' as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slavery In Ancient Greece
Slavery was a widely accepted practice in ancient Greece, as it was in contemporaneous societies. The principal use of slaves was in agriculture, but they were also used in stone quarries or mines, as domestic servants, or even as a public utility, as with the ''demosioi'' of Athens. Modern Historiography, historiographical practice distinguishes between Personal property, chattel slavery (where the slave was regarded as a piece of property, as opposed to a member of human society) and land-bonded groups such as the Penestai, ''penestae'' of Thessaly or the Spartan helots, who were more like medieval Serfdom, serfs (an enhancement to real estate). The chattel slave is an individual deprived of liberty and forced to submit to an owner, who may buy, sell, or lease them like any other chattel. The academic study of slavery in ancient Greece is beset by significant methodological problems. Documentation is disjointed and very fragmented, focusing primarily on the city-state of At ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement. The protection that collateral provides generally allows lenders to offer a lower interest rate on loans that have collateral. The reduction in interest rate can be up to several percentage points, depending on the type and value of the collateral. For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property. In a typical mortgage loan transaction, for instance, the real estate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Archaic Athens , a geological eon
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Archaic may refer to: * Archaic Period (several meanings), archaeological term used to refer to a very early period differing by location *Archaic humans, people before ''homo sapiens'' * ''Archaic'' (comics), a comic-book series created by writer James Abrams and artist Brett Marting *Archaism, an archaic word or style of speech or writing. See also * * * Archaea, several meanings * Archean The Archean ( , also spelled Archaean or Archæan), in older sources sometimes called the Archaeozoic, is the second of the four geologic eons of Earth's history of Earth, history, preceded by the Hadean Eon and followed by the Proterozoic and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Bondage
Debt bondage, also known as debt slavery, bonded labour, or peonage, is the pledge of a person's services as security for the repayment for a debt or other obligation. Where the terms of the repayment are not clearly or reasonably stated, or where the debt is excessively large, the person who holds the debt has thus some control over the laborer, whose freedom depends on the undefined or excessive debt repayment. The services required to repay the debt may be undefined, and the services' duration may be undefined, thus allowing the person supposedly owed the debt to demand services indefinitely. Debt bondage can be passed on from generation to generation. In 2021, the International Labour Organization estimated that, of the 27.6 million people currently participating in forced labour, 20.9%, or about 5.8 million, were in debt bondage. Debt bondage has been described by the United Nations as a form of "Contemporary slavery, modern day slavery", and the Supplementary Convention on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jubilee (biblical)
The Jubilee ( ''yōḇel;'' Yiddish: ''yoyvl'') is the year that follows the passage of seven "weeks of years" (seven cycles of sabbatical years, or 49 total years). This fiftieth year deals largely with land, property, and property rights. According to regulations found in the Book of Leviticus, certain indentured servants would be released from servitude, some debts would be forgiven, and everyone was supposed to return to their own property in jubilee years. Rabbinic literature mentions a dispute between the Sages and Rabbi Yehuda over whether it was the 49th year (the last year of seven sabbatical cycles, referred to as the Sabbath's Sabbath), or whether it was the following (50th) year. The biblical rules concerning sabbatical years are still observed by many religious Jews in Israel, but the practices prescribed for the Jubilee year have not been observed for many centuries. According to current interpretation of Torah in contemporary Rabbinic Judaism, the observance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Androtion
Androtion (; before 405after 346 BC), was a Greek orator, and one of the leading politicians of his time. He was born between 415 and 405 BC, the son of Andron, who was a member of the Four Hundred and an associate of Theramenes. Androtion was probably Andron's first son, and seems to have inherited his fortune. In the late 390s or early 380s BC, he studied under Isocrates. He may have been the author of a work on agriculture which survives in fragmentary form. Androtion began his political career not long before 385, and the first position we can place him as holding is that of epistates, some time in the 370s BC. Androtion held various other positions during his career, including governing Arkesine on Amorgos for at least two years up to 357–6, and being a member of the boule in 356/5 BC. In 355–4, Androtion was brought to trial by Euktemon and Diodorus, accused of illegally proposing a crown be awarded to the Council of Five Hundred at the end of its term of office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plutarch
Plutarch (; , ''Ploútarchos'', ; – 120s) was a Greek Middle Platonist philosopher, historian, biographer, essayist, and priest at the Temple of Apollo (Delphi), Temple of Apollo in Delphi. He is known primarily for his ''Parallel Lives'', a series of biographies of illustrious Greeks and Romans, and ''Moralia'', a collection of essays and speeches. Upon becoming a Roman citizen, he was possibly named Lucius Mestrius Plutarchus (). Family Plutarch was born to a prominent family in the small town of Chaeronea, about east of Delphi, in the Greek region of Boeotia. His family was long established in the town; his father was named Autobulus and his grandfather was named Lamprias. His brothers, Timon and Lamprias, are frequently mentioned in his essays and dialogues, which speak of Timon in particular in the most affectionate terms. Studies and life Plutarch studied mathematics and philosophy in Athens under Ammonius of Athens, Ammonius from AD 66 to 67. He attended th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marriage
Marriage, also called matrimony or wedlock, is a culturally and often legally recognised union between people called spouses. It establishes rights and obligations between them, as well as between them and their children (if any), and between them and their Affinity (law), in-laws. It is nearly a cultural universal, but the definition of marriage varies between cultures and religions, and over time. Typically, it is an institution in which interpersonal relationships, usually sexual, are acknowledged or sanctioned. In some cultures, marriage is recommended or considered to be Premarital sex, compulsory before pursuing sexual activity. A marriage ceremony is called a wedding, while a private marriage is sometimes called an elopement. Around the world, there has been a general trend towards ensuring Women's rights, equal rights for women and ending discrimination and harassment against couples who are Interethnic marriage, interethnic, Interracial marriage, interracial, In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt
Debt is an obligation that requires one party, the debtor, to pay money Loan, borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of #Principal, principal and interest. Loans, bond (finance), bonds, notes, and Mortgage loan, mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity (finance), equity. The term can also be used metaphorically to cover morality, moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century and comes by way of Old French from the Latin verb ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Serfdom
Serfdom was the status of many peasants under feudalism, specifically relating to manorialism and similar systems. It was a condition of debt bondage and indentured servitude with similarities to and differences from slavery. It developed during late antiquity and the Early Middle Ages in Europe and lasted in some countries until the mid-19th century. Unlike slaves, serfs could not be bought, sold, or traded individually, though they could, depending on the area, be sold together with land. Actual slaves, such as the kholops in Russia, could, by contrast, be traded like regular slaves, abused with no rights over their own bodies, could not leave the land they were bound to, and marry only with their lord's permission. Serfs who occupied a plot of land were required to work for the lord of the manor who owned that land. In return, they were entitled to protection, justice, and the right to cultivate certain fields within the manor to maintain their own subsistence. Serfs wer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008 (equivalent to over $ billion in ). The biggest sovereign default is Greece, with $138 billion in March 2012 (equivalent to $ billion in ). Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and "bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
