History of the Jews, Vol. 4 (of 6)Graetz, Heinrich
History
History of the Jews, Vol. 4 (of 6)
Graetz, Heinrich
Jews -- History
Because they did foresee it, they turned their gaze towards those
countries whose inhabitants were most favorably disposed towards Jews.
Italy and the Byzantine Empire, just wrested from the cross, were
now the countries of greatest toleration. In Italy, where men saw
most clearly the infamy of the papacy and the priesthood, and where
they had most to suffer from their selfishness, the church and her
servants were utterly without influence over the people. The world-wide
commerce of the wealthy and flourishing republics of Venice, Florence,
Genoa and Pisa, had in a measure broken through the narrow bounds
of superstition, and enlarged men's range of vision. The interests
of the market-place had driven the interests of the church into the
background. Wealth and ability were valued even in those who did
not repeat the Catholic confession of faith. Not only the merchants,
but also the most exalted princes were in need of gold to support
the mercenary legions of their Condottieri in their daily feuds. The
Jews, as capitalists and skillful diplomatists, were, therefore, well
received in Italy. This is proved by the fact that when the city of
Ravenna was desirous of uniting itself to Venice, it included among the
conditions of union the demand that wealthy Jews be sent to it to open
credit-banks and thus relieve the poverty of the populace.
Jewish capitalists received, either from the reigning princes or the
senates, in many Italian cities, extensive privileges, permitting
them to open banks, establish themselves as brokers, and even charge
a high rate of interest (20 per cent). The archbishop of Mantua in
1476 declared in the name of the pope that the Jews were permitted to
lend money upon interest. The canonical prohibition of usury could
not withstand the pressure of public convenience. The Jewish communal
regulations also tended to guard the bankers from illegal competition,
for the rabbis threatened with the ban all those members of the
community who lent money on interest without proper authorization.
Public-domain text, read in full here on John Shaqi.
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