Sumeria: First in Many Things
Part 2: It's All Business
These businessmen also invented the idea of credit. The idea that you could pay only part of what you owed was probably not all that attractive to the seller, but Sumerian laws protected the sellers and granted the buyers the right to pay a little at a time. This practice contributed to a sort of leveling of the playing field in the world of business in that you as a consumer no longer needed huge sums of money to be able to buy things: You could pay as you went.
All in all, the Sumerians contributed mightily to the advancement of civilization. Their inability to build tall, strong walls or muster a sturdy defense contributed to their downfall, however. They were the victims of conquest first by the Akkadians and then by the Babylonians. First page > The Basics > Page 1, 2 |
|
Social Studies for Kids
copyright 2002–2024
David White