Credit System

Research Case: Why Did Rome Combine Public Asset Valuation and Treasury Advances without Denying the Rights of Creditors?

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A Three-Layer Analysis (TLA) of Livy, History of Rome, Book 7 1. Question In Livy’s History of Rome from its Foundation, Book VII, Rome responded to the debt crisis through the board of five, the mensarii. The solution was not full cancellation of debt. It was also not unrestricted forced collection by creditors. Instead, Rome … Read more

Research Case: Why Did Rome Establish a Board of Five and Advance Debt Payments from the Treasury?

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A Three-Layer Analysis (TLA) of Livy, History of Rome, Book 7 1. Question In Livy’s History of Rome from its Foundation, Book VII, the debt crisis had become too serious to remain a matter between individual creditors and debtors. In Chapter 21, Rome established a board of five officials, the mensarii, to deal with the … Read more