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John M. Houkes, the first head of the Krannert School of Management's Special Collection of Literature in Business and Economic History, is the author of "An Annotated Bibliography on the History of Usury and Interest from the Earliest Times Through the Eighteenth Century." Houkes says most early cultures had prohibitions against charging interest for the use of money, but when capitalism began to develop in the post-medieval period, religious and government strictures against interest ‹ and even usury ‹ gradually disappeared.
(Purdue News Service photo/David Umberger)
The story accompanying these photographs can be seen by clicking this link to Houkes.interest
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