this post was submitted on 07 Jul 2023
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Decided to do some research after your questions. Turns out the word was used/coined by the French as a derogatory word for money lenders was co opted by the British later as a derogatory word for anyone involved in manufacturing and other base enterprises. And then some economists in the 80s and 90s tried to redefine it and even wrote that dedinition into some Social Studies and Economy textbooks that I remember reading throughout my life in school.