Word: schuld
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Dates: during 1960-1969
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...dishonorable. Even in such countries as France and Mexico, borrowing is for the well-to-do, bankers and borrowers have a well-founded suspicion of each other, and mortgages are high and hard to get. In Germany, where the word for "debt" still retains its Biblical meaning of "guilt" (Schuld), consumer debt averages out to only $32.50 per person. Europe's credit famine has not only slowed the Continental boom and made housing scarce, but also has led to a rush of foreign borrowing in the U.S. that has aggravated the U.S.'s balance-of-payments deficits...
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