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Principles of Political Economy, Vol. 2

Note 186-7 — Chapter IV

John J. (John Joseph) Lalor translation

Compare supra, § 184. The rise of the rate of interest in Basil, between 1370 and 1393, Arnold (loc. cit.) accounts for by the wars and defeats of the upper German cities. Similarly in Zürich, 1457. (Joh. Müller, Schweizer Geschichte, IV, 211.) During the time immediately following the Spanish war of succession, the usuriers les flus modérés in France got 12-15 per cent. a year. (Dutot, Réflexions, 1866.) In Russia the rate of interest, after the war of 1805-15, rose by 4-5 per cent. (Storch, Handbuch, 35 seq.) Per contra, Nebenius, Oeff. Credit., 70 seq.

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