Conquering land sounds like a pretty good deal ... which is why it was a very popular activity for most of human history! But, as with all good things, someone eventually comes around and spoils the fun for everybody: in this case, that someone was German philosophers, who decided that conquered land should carry its debts to its new owner.<br /><br />-------------------------------------------------------------------<br /><br />If you'd like to see more of these videos, consider supporting me on Patreon: https://www.patreon.com/sidequest_channel<br /><br />Have a fancy historical idea you'd like me to cover? Drop a comment and let me know!<br /><br />-------------------------------------------------------------------<br /><br />A big THANK YOU to the selfless supporters of SideQuest for their limitless generosity:<br /><br />JK, Leloo Wolf, DeityTV, Oskari Liukku, Robbie Trencheny, pmck, Sam<br /><br />-------------------------------------------------------------------<br /><br />Further Reading:<br /><br />The Succession of States and the Problem of State Debts by P. K. Menon - https://core.ac.uk/download/pdf/71463051.pdf<br />The Concept of Odious Debt in Public International Law by Robert Howse - https://unctad.org/en/docs/osgdp20074_en.pdf<br />Sovereign Debt Defaults: Insig
