The Algerians And The French Colonialist Usurious Issue 1830-1900

Abstract

This study is aimed to reveal the common relationship between the French adminstration and the usurious tragic transactions that was taking an upward trend in Algeria during the earliest years of the colonization. Sub-prime loans used to be existed during the Ottman rule but it was taking place in a small-scale then it has started to recede by the backing away of popular resistance.

Usurious transaction was one of a thousands ways that french colonization has followed for taming the Algerian community and making its living conditions pathetic and miserable. It was a tricky way so that they would be owed for the French authorities as long as they lived after seizing their properties and lands since the majority of them used to live in the countryside.

Jews and European businesses forced the Algerians and farmers in particular to deal with usurious transaction in terms of sub-prime loans so that they can get their properties under basis of full legality by making them deep in debts and use them later as labours after they were landowners.

Just by the imposition of the complete domination, French authorities set the control all over the usurious transactions that Jews and European businesses used to rule so that it can be passed as one of the primary economic laws and regulations to maintain the occupation and constructiong the the new rulling system as well.