The idea that people routinely emptied chamberpots out windows into the street is one of the images of the past that has been taught to generations of school children. It's usually said to have been done in the Middle Ages and it's an image that has stuck with many people, particularly because we find it so disgusting. Unfortunately, like many popular ideas about the Middle Ages, it's largely nonsense.
Many who look to understand the incredible wealth gap are quickly lost in the exclusive language of finance. When it comes to the inner workings of financial institutions, the rise and fall of markets, the tangled web of international debt, or even just our own personal finances, most of us are lost. In short, we are financially illiterate.