Monetary Policy and Standards Message Board

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Non-Tech : Monetary Policy and Standards

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To: Hawkmoon who wrote (3)	8/21/1999 8:22:00 PM
From: long-gone	Read Replies (1) of 29

Does this add something: Warfare and Financial History (in part) Many societies had laws requiring compensation in some form for crimes of violence, instead of the Old Testament approach of "an eye for an eye". The author notes that the word to "pay" is derived from the Latin "pacare" meaning originally to pacify, appease, or make peace with - through the appropriate unit of value customarily acceptable to both sides. Objects originally accepted for one purpose were often found to be useful for others and, because of their growing acceptability began to be used for general trading also. Thus the practice of paying compensation for certain crimes was one of the factors that played a role in the ~origins of money <http://www.ex.ac.uk/RDavies/arian/origins.html>. ex.ac.uk

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