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''Cassa peota'' was born embedded in an environment of trade relations, which determined its long-term purpose. The formal framework of trade influenced the time frame of the participation of the rowers, as trade trips were planned by the public regulator, while the debt laws pushed the owners of small businesses to join the ''casse''. The practice evolved through the centuries, responding to changes in the formal framework. It reached the factory workers during industrialization, when it became useful as a collective unemployment, accident or pension insurance. As the State gradually took upon itself to provision such services, the factory-based ''casse'' gradually lost importance. Today this practice is closer to the banking system and used to softening its severity. | ''Cassa peota'' was born embedded in an environment of trade relations, which determined its long-term purpose. The formal framework of trade influenced the time frame of the participation of the rowers, as trade trips were planned by the public regulator, while the debt laws pushed the owners of small businesses to join the ''casse''. The practice evolved through the centuries, responding to changes in the formal framework. It reached the factory workers during industrialization, when it became useful as a collective unemployment, accident or pension insurance. As the State gradually took upon itself to provision such services, the factory-based ''casse'' gradually lost importance. Today this practice is closer to the banking system and used to softening its severity. | ||
==Funding== | |||
This research was realized as part of the EU Commission Horizon2020 MSCA Innovative Training Networks (MSCA-ITN) project MARKETS: Mapping Uncertainties, Challenges and Future Opportunities of Emerging Markets: Informal Barriers, Business Environments and Future Trends in Eastern Europe, The Caucasus and Central Asia, Grant agreement ID: 861034. | |||
==References== | ==References== | ||