The aim of the paper is to consider the practices of political and social exclusion working in specific financial and credit dynamics. Tracing the history of economic processes back to the early European modernity, the study focuses on the constitution of social hierarchies which, due to the inclusion of specific subjects and the exclusion of others in and from credit policies, determine the existence of specific and consolidated social classes, gradually shaping a practice of de-humanization of specific social groups.

Keywords: Credit; Hierarchy Construction; Political Exclusion; European Modernity; Ghetto.