Jubilee: a joyful shout or clangour of trumpets, the name of the great
semi-centennial festival of the Hebrews. It lasted for a year.
During this year the land was to be fallow, and the Israelites
were only permitted to gather the spontaneous produce of the
fields (Lev. 25:11, 12). All landed property during that year
reverted to its original owner (13-34; 27:16-24), and all who
were slaves were set free (25:39-54), and all debts were
remitted.
The return of the jubilee year was proclaimed by a blast of
trumpets which sounded throughout the land. There is no record
in Scripture of the actual observance of this festival, but
there are numerous allusions (Isa. 5:7, 8, 9, 10; 61:1, 2; Ezek.
7:12, 13; Neh. 5:1-19; 2 Chr. 36:21) which place it beyond a
doubt that it was observed.
The advantages of this institution were manifold. "1. It would
prevent the accumulation of land on the part of a few to the
detriment of the community at large. 2. It would render it
impossible for any one to be born to absolute poverty, since
every one had his hereditary land. 3. It would preclude those
inequalities which are produced by extremes of riches and
poverty, and which make one man domineer over another. 4. It
would utterly do away with slavery. 5. It would afford a fresh
opportunity to those who were reduced by adverse circumstances
to begin again their career of industry in the patrimony which
they had temporarily forfeited. 6. It would periodically rectify
the disorders which crept into the state in the course of time,
preclude the division of the people into nobles and plebeians,
and preserve the theocracy inviolate."