In ancient Athens, 600 years before Christ was born, there was a huge crisis. There was great poverty among the people while the rich became more powerful. Social unrest began to flare. Then the power was given to Solon (594p.Ch.). The origin was aristocratic and his occupation was a merchant. He was given absolute power to bring social peace in Athens.
He created a law (Sesachthea) that was designed to relieve the poor without compromising the interests of the rich.
Enabled the middle class to participate in administration of the city.
Limit the arbitrariness of the nobles – the rich.
Adjust the debts of heavily indebted citizens and not deleted.
He did not make land redistribution, but with Sesachthea, relieved the poor from the burden of debt.
Change the value of the currency, thereby reducing the debt by 27%.
Set a maximum mortgage of property and wealth.
Once completed the legislative work, he left Athens.
He thought that if he stayed in Athens, he would be under pressure to change its laws, succumbing to the demands of his fellow citizens. He said that” Laws that change will not be respected.”
This is what happens in Greece (not now).
2600 years ago.
(Sesachthea means I get the weights.)
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