One more post
- Re serfs vs. peasants: a fascinating web site discusses these institutions
in Old Finland, apparently part of Russia.
It seems that because serfs were attached to the land and were not free to
move away (although there were individual exceptions but that is not the
point here) -- therefore, the nobles would obtain mortgages at the bank, so
many roubles per serf.
But after serfdom was abolished in Russia and the nobles tried to get
mortgages from people who were now peasants, the banks refused them, because
peasants could move away and were therefore not good collateral!