7 sentences with 'debt'
Example sentences and phrases with the word debt and other words derived from it.
• « Around 100 BCE even the existence of the Plebeian Assembly did little to mitigate the effect of the debt and poverty that afflicted so many Romans thanks to the power of patronage networks overseen by powerful noble patrons. »
• « Although not created by the British government itself, the Bank of England soon became the official banking institution of the state. This was a momentous event because it allowed the government to manage the state debt effectively. »
• « Not only did France lose much of its empire in Canada, the Caribbean and India to the British, but the state also accumulated a huge debt burden that consumed 60 per cent of tax revenues each year in interest payments. »
• « The result was the "Great Fear", in which the peasants attacked and plundered the nobles. Their main target was the debt books that the nobles kept on their peasants, which the peasants gleefully burned (thus erasing their debts completely - there was no "back-up" in 1789). »
• « Emancipation, however, had surprisingly little immediate impact on Russian society, because the serfs legally owed the government the money that had been distributed to buy their freedom from the nobility. Thus, for generations, the serfs remained tied to the same land, working both to survive and to repay the debt incurred with their "freedom". »
• « In the end, a "triangle" of debt and repayment linked the economies of the United States and Europe: US loans secured German reparation payments to Britain and France, with Britain and France then trying to repay their debts to the US. »