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In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a 2.25 meter (or 88.5 inch) tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (c. 1792–1750 BC) of the First Babylonian Empire in the city of Shush, Iran.
The earliest form of insurance is probably marine insurance, although forms of mutuality (group self-insurance) existed before that. Marine insurance originated with the merchants of the Hanseatic league and the financiers of Lombardy in the 12th and 13th centuries, recorded in the name of Lombard Street in the City of London, the oldest trading insurance market.
Western Europe was forced to discover new trading routes, as happened with Columbus' travel to the Americas in 1492, and Vasco da Gama's circumnavigation of India and Africa in 1498. The numerous wars did not prevent European states from exploring and conquering wide portions of the world, from Africa to Asia and the newly discovered Americas.
Renewable Energy co-operatives in Europe became important in the early development of windpower in Denmark beginning in the 1970s. [70] Germany followed in the early 1990s, first on a larger scale with wind co-ops, then with a citizen's movement which challenged the reliance on nuclear power, organized, challenged the energy monopolists there ...
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Later during the Maurya dynasty (321–185 BCE), an instrument called adesha was in use, which was an order on a banker desiring him to pay the money of the note to a third person, which corresponds to the definition of a bill of exchange as we understand it today. During the Buddhist period, there was considerable use of these instruments.
[citation needed] Separate marine insurance contracts were developed near Genoa, in Camogli [19] in 1853 and other Italian cities in the fourteenth century and spread to northern Europe. Premiums varied with intuitive estimates of the variable risk from seasons and pirates. [20] Modern marine insurance law originated in the Lex mercatoria (law ...
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