Usury in Bulgaria and the Attempts to Its Regulation at the End of XIX Century Cover Image
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Лихварството в България и опитите за неговото регулиране в края на XIX век
Usury in Bulgaria and the Attempts to Its Regulation at the End of XIX Century

Author(s): Rositsa Zlatinska
Subject(s): History, Social Sciences, Economy, Education, Micro-Economics, Economic history, Local History / Microhistory, Social history, Modern Age, Adult Education, State/Government and Education, 19th Century, Inclusive Education / Inclusion, Socio-Economic Research
Published by: Национално издателство за образование и наука „Аз-буки“
Keywords: usury; capital; interest; loan; profit

Summary/Abstract: Before the banking system reached its modern form it has come a long way of development and has changed a lot. One of the first forms of lending money in our lands is usury. This article aims to trace usury, defined as unorganized credit where individuals give loans against interest. Usury is rooted in a period long before The Liberation of Bulgaria. An important characteristic of usury is that the activity of moneylenders is not regulated by the law or by traditions and in that sense is perceived by society as bad, unnatural and immoral. Although it has more primitive form and organization, usury also has many similarities to the contemporary banks. The most common feature of both types of activities is that their main goal is making a profit.

  • Issue Year: 24/2016
  • Issue No: 2
  • Page Range: 140-151
  • Page Count: 12
  • Language: Bulgarian