Meanwhile, as European society developed, money-lending went on
increasing. And what would now be regarded as the inevitable
accompaniment of material activity was then denounced as a symptom
of moral degeneracy. At the same time the power of the Church grew,
and her eagerness to suppress what she considered a sin grew with her
ability. Under Gregory VII., the hurler of thunderbolts, the Papacy
entered upon that career of political conquest which achieved its
highest triumphs under Innocent III. ♦1083♦ Gregory had been on the
throne for ten years when one of those missiles fell upon usurers,
a term which, it must be remembered, in that age applied to all
money-lenders alike. The warfare inaugurated by Hildebrand was carried
on with unabated vigour by his successors. A decree issued by the
Lateran General Council of 1139 deprived usurers of the consolations
of the Church, denied them Christian burial, and doomed them to infamy
in this life and to everlasting torment in the next. The religious
enthusiasm aroused by the Crusades, and the economic ruin which they
threatened, accentuated the common prejudice against the outlaws of
the Church. Many of the holy warriors were obliged to resort to the
usurer’s hoard for the expenses of these campaigns, and the Church felt
that it was her duty to see that her champions were not left destitute
and homeless. Pope after Pope, throughout the twelfth century, from
Eugenius III. onwards, absolved Crusaders from their financial
embarrassments, and Innocent III. went so far as to ordain that the
Jews should be compelled to refund to their debtors any interest that
might have already been paid to them.
The prejudice was further strengthened and disseminated by the
religious Orders of St. Francis and St. Dominic, which soon attained
a degree of official and unofficial influence calculated to enforce
their precepts. Members of both orders compiled moral codes, which were
accepted throughout Western Christendom as manuals of Christian ethics
and guides of Christian conduct. One of the principal sins condemned
in those books was usury, and the doctrine, thundered from the pulpit,
preached in the market-place, and whispered in the confessional,
carried with it all the weight which attaches to the words of persons
invested with the power of loosing and binding in this world and in
the world to come.
Public-domain text, read in full here on John Shaqi.
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