Usury | Interest Rates, Lending & Borrowing | Britannica Money
Usury | Interest Rates, Lending & Borrowing | Britannica Money
Dec 7, 2023
britannica.com
Usury, historically understood as charging interest on loans, faced widespread condemnation across ancient and medieval societies. In Christian nations, prohibitions were rooted in biblical texts like Deuteronomy 23:19-20 and Luke 6:35, which branded interest as exploitative. The Council of Nicaea (325 CE) barred clergy from usury, and by the 12th century, canon law under Pope Innocent III extended this ban to all Christians, equating it with sin. Secular laws, such as England’s Statute of the J
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