Miscellany
In the eighteenth century, a cash-strapped French government began selling rente viagère, in which an investor paid an up-front sum pegged to someone’s life—sometimes the king or the pope—and received returns until death. A group of Genevan bankers diversified their portfolio in the 1770s by buying rente contracts on the lives of thirty wealthy young Genevan girls. The fund gained popularity; by 1789 a significant portion of French debt was owed on the lives of just these “thirty heads.”
Miscellany
Annoyed by a prohibition against nocturnal work in late medieval France—enacted because candles provided insufficient light for quality performance—employers complained to Louis XI that workers occupied themselves from “four or five o’clock until the next day with various games and dissipations, and hardly want to apply themselves to do well.” In the winter of 1467, they received permission to extend working hours to ten pm.
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