The Origin of Metallic Currency and Weight StandardsRidgeway, William
History
The Origin of Metallic Currency and Weight Standards
Ridgeway, William
Money -- Origin; Weights and measures -- History
Savages are still more conservative in their ideas of the relative value
of certain articles; and when once a standard price has been fixed for
certain commodities, it is almost impossible to get them to change.
Thus I am told by Mr W. H. Caldwell that, when he gave half-a-crown to
a Queensland black for the first specimen of a certain kind of animal
brought into camp, henceforth he had to pay the same amount for every
specimen, even when they came in considerable numbers. So with the early
men of Asia and Europe who first possessed cattle, and later on gold.
Once a certain amount of gold was taken as the recognized value of a cow
of certain age, the idea would become strongly rooted that so much gold
was the proper equivalent of a cow. And it would only be in the lapse of
centuries and with the development of cities and general commerce that
the price of cattle would begin to fluctuate.
But even when such variation in price arose, it made no difference as
regards the weight standard. The unit had already long been fixed and it
remained unaltered, just as the beaver skin of account still means only
two shillings, although a real beaver skin is now worth many times that
amount.
Another reason why the price of cattle would remain stationary would be
that in early times as all the cows were kept under more or less similar
conditions of food, and there was no attempt at the development of
superior breeds, there would be little difference in the value of animals
of the same age.
The connection between the cow and the gold unit is rendered all the
more probable not merely by the fact so often noticed that the words
for _money_ in different languages originally meant _cattle_, but by
the remarkable fact that the earliest known weights are in the form of
cattle. The relation between _weight_ and money must always be close,
but it comes still more prominently into view, when as yet there is no
coinage, but gold and silver pass by weight alone. If then the value of a
cow formed the first gold unit, we can at once understand why the first
weights took the form of oxen and sheep.
It was not for mere artistic reasons, for whilst such animal weights
appear on Egyptian paintings, the numerous known Egyptian weights are of
a very conventional form, as we shall find below. Doubtless the horns and
ears made a cow’s head exceedingly ill-suited for a weight, and in course
of time utility prevailed over the traditional idea that the weight unit
ought to take the shape of the animal, whose value in gold it was meant
to represent.
The following table sums up briefly the results of this chapter:
Public-domain text, read in full here on John Shaqi.
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