debt

Debt in Ancient Athens and Solon’s Reforms

As long as people have been trading with each other, they have created debt. And as long as people have created debt, some have been unable to pay what they owe. This was as true in ancient Athens as it is today. Before about the 6th century BCE in Attica, among a population consisting primarily of peasants and small farmers, borrowing occurred among members of local communities in the form… Read more