Money Past and Present. Essay example

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Money Past and Present. Money as a medium of exchange in barter and trade has always in all times found expression in some form or other from necessity thereof. In the remotest periods, before gold or silver were generally in use, it took the form of animals, oxen, sheep, lambs, shells, etc. Thus we find used cattle in Germany, leather in Rome, sugar in the West Indies, shells in Siam, lead in Burmah, platinum in Russia, tin in Great Britain, iron and nails in Scotland, brass in China, and finally copper, silver and gold the world over. If we look up the sacred writings in quest of the earliest use of money quoted therein, we will find that the Bible mentions gold as a medium of value in the very first book of Moses which according…show more content…
So we find that the ancient Hebrews and their measure of value expressed by the shekel, and these shekels were weighed out, not counted. Apparently the early money did not have an equal weight as the ancient tombs of Egypt will show traces of scales engraved on their walls, signifying the wealth of their owners as weighed in shekels and lambs, for lambs were really the chief article of barter among the Egyptians, and from this weighing originated the term shekel in coinage, shekel meaning in Hebrew to weigh. The Old Testament further enlightens us that the shekels were of three different metals, gold, silver and brass. Rebekah at the well certainly was the first woman of record to wear bracelets and earrings, thus originating a habit which has never since been improved upon except as to the additional amount of valuable gems, such as pearls and diamonds, being added to the gold earrings, as first worn. This habit grew and extended also to anklets and fastened upon arms or limbs until necessity compelled its removal for other exchanges, when it was weighed out at so many shekels worth. That this habit of wearing values in bands and rings in the ages of antiquity was the first conception of the idea of saving, and that this saving led to more rings and eventually developed into their use as money, may be inferred from the fact that so much ring money was found in Great Britain when the Romans under Caesar
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