Earlier, in ancient Greece, the lender installed a special sign on the debtor's land, which was called a mortgage. The mortgage meant that if the debtor did not pay the debt, the land would become the property of the creditor.
In 1827, the ruler of Algeria hit the French ambassador in the face with a fly swatter during a heated debate over unpaid debts. This was the reason for the French invasion of Algeria after 3 years and the subsequent more than a century of occupation.
An amazing custom exists among an Indian tribe called the Quatcutl. Instead of a receipt, the debtor leaves his Name on bail and until the debt is paid off, the tribesmen address him with gestures and inarticulate sounds.
As the famous politician Winston Churchill liked to say: "The reputation of a state is determined by the amount that a state can borrow."
In medieval Europe, the popes strictly forbade lending money at interest: profiting from the financial difficulties of fellow believers was considered a terrible sin. Therefore, in 1179, Pope Alexander III declared the money-lenders to be inveterate sinners and forbade them to take communion. In addition, the then "bankers" were not allowed to be buried on consecrated ground, so they, like the suicides, were buried behind the fence of cemeteries.
A very interesting law existed in England in the 16th century: if you did not pay your debts on time, you could avoid jail without leaving your home. It was strictly forbidden to arrest debtors in their own home.
In a medieval French comedy, a wealthy clothier sues a shepherd for stealing his sheep. During the meeting, the clothier forgets about the shepherd and reproaches his lawyer, who did not pay him for six cubits of cloth. The judge interrupts the speech with the words: "Let's return to our rams", which have become winged.
Peasants from ancient Slavic villages preferred to use sticks instead of receipts. For example, one peasant borrowed 4 sacks of grain from another. He should cut a small stick and make four notches on it. Then, this kind of receipt was split into two parts, one of which was given to the borrower, and the other to the borrower.
In ancient times in Russia there was one curious custom: a debtor who was not able to repay the debt was mercilessly flogged in a crowded square, trying to inflict as much pain as possible so that friends and relatives, hearing the heart-rending cries of the defaulter, would be filled with compassion and return all debts.
The harshest way of dealing with debtors was used by Dante in his "Divine Comedy". He set aside a separate circle of hell for them.
In many countries, debts are inherited - large property obligations can pass from father to son and grandson. For example, in America, up to 12% of property debts are paid on average longer than a person's life.
By May 2012, the total US national debt reached a record high of $ 15 trillion. dollars. If you imagine this monstrous amount in the form of a bundle of banknotes, then it will reach a height of 15, 4 thousand kilometers. Experts believe that the US debt has passed the point of no return - the nation has reached a state where it is no longer able to pay off its debt.