Bankruptcy for the Etymologist

by on February 12, 2004 at 8:05 am in History | Permalink

In fifteenth century Venice, Jewish money lenders set out bancos or benches of business. “When a money lender was found to be cheating he was publicly disgraced and put out of business by having his bench broken, banco ruptus.”

From Swetz’s Capitalism and Arithmetic.

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