by @Macro_Tourist
Interest rates since 3000 B.C.
- credit crisis of 33 A.D.
- code of Justinian
- Uruk, “city of sheepfolds”, had a writing system, counting system, and calendar system
- 16% rates in Athens 600 B.C.
- Solon’s reforms 594 B.C.
- early interest rates just used 1 unit of money per unit of stuff per unit of time; no decimalised share prices in the Code of Hammurabi (1772 B.C.)
- Temples as proto-banks
With regards to big data, just think how much work @Macro_Tourist (and Sidney Homer) had to do to put these graphs together versus recording some twitter history or server logs. Talk about wealth of information versus interesting information.
Closer zoom:
Sidney Homer: “Each generation is inevitably surprised by interest rates”
(Source: twitter.com)
