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Tools May Have Been First Money
LiveScience ^ | Wednesday, February 29, 2012 | Jennifer Welsh

Posted on 03/14/2012 7:30:14 PM PDT by SunkenCiv

Hand axes, small handheld stone tools used by ancient humans, could have served as the first commodity in the human world thanks to their durability and utility.

The axes may have been traded between human groups and would have served as a social cue to others, Mimi Lam, a researcher from the University of British Columbia, suggested in her talk at the American Association for the Advancement of Science annual meeting here on Feb. 18.

"The Acheulean hand ax was standardized and shaped, became exchanged in social networks and took on a symbolic meaning," Lam said. "My suggestion was that hand axes were the first commodity: A marketable good or service that has value and is used as an item for exchange."

...

Examples of hand axes from about 250,000 to 700,000 years ago contain some of these special properties, such as being made of pink rock or rock embedded with fossils. Ancient humans also made large axes that stood out from the crowd.

...

Hand axes were so important to ancient humans that they developed as icons and symbols that are still used by society. (For example, they are frequently found on the covers of metal albums.) These tools eventually transformed into being used as literal currency. The Chinese exchanged tools as money, which eventually turned into representations of tools, which were even featured on coins.

(Excerpt) Read more at livescience.com ...


TOPICS: History; Science; Travel
KEYWORDS: godsgravesglyphs; toolmaking; tools; tooltime

The problem is, the only bank for about 125,000 years was located on Crete. ;')
Examples of hand axes found in Kenya, which indicate that early humans were using stone hand axes as far back as 1.8 million years ago. [CREDIT: Pierre-Jean Texier, National Center of Scientific Research, France]

Tools May Have Been First Money

1 posted on 03/14/2012 7:30:22 PM PDT by SunkenCiv
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To: Renfield; StayAt HomeMother; Ernest_at_the_Beach; decimon; 1010RD; 21twelve; 24Karet; ...

 GGG managers are SunkenCiv, StayAt HomeMother & Ernest_at_the_Beach
Thanks Renfield.

To all -- please ping me to other topics which are appropriate for the GGG list.


2 posted on 03/14/2012 7:32:51 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him.)
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To: SunkenCiv

They did have branch banks, though.

Under shade trees.


3 posted on 03/14/2012 7:38:27 PM PDT by Erasmus (BHO: New supreme leader of the homey rollin' empire.)
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To: SunkenCiv
Hmmmmm.... looks like Laurel and Hardy to me.


4 posted on 03/14/2012 7:39:53 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: SunkenCiv

Im Thinking Rachuel Welch at a footpath intersection,with various axes knives etc.With a sign saying +Got meat?+


5 posted on 03/14/2012 7:40:56 PM PDT by Nooseman (mutt)
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To: UCANSEE2

They look like Klansmen.


6 posted on 03/14/2012 7:42:02 PM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: SunkenCiv
Examples of hand axes found in Kenya

Now they use machetes.

7 posted on 03/14/2012 7:42:10 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: SunkenCiv

Hand axes, small handheld stone tools used by ancient humans, could have served as the first commodity in the human world thanks to their durability and utility.

Then Democrats were the first Tool Thieves.


8 posted on 03/14/2012 7:42:46 PM PDT by LtKerst
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To: SunkenCiv

“Money” had to be of universal value. Food spoiled too quickly. Tools make sense before actual coinage, though after the knife and axe not everyone neccesarily needed the same tool kit.


9 posted on 03/14/2012 7:45:20 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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from the FRchives:
10 posted on 03/14/2012 7:45:29 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him.)
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To: LtKerst

You guys have plenty of tools and these unfortunate sloths down by the river stayed too long after the fish quit running and are now cold.

By the way, instead of axes can we give them some of your wood?

And so, the Democrat Party was born...


11 posted on 03/14/2012 7:49:02 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: SunkenCiv

Got change of a hammer?


12 posted on 03/14/2012 7:49:46 PM PDT by GreenHornet
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To: GreenHornet

No, but I’ll axe around.


13 posted on 03/14/2012 7:52:02 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him.)
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“I got me an appointment with a hardware store. I’m not saying I want to do it for the rest of my life, but, uh, hardware fascinates me. Don’t you love to make a key?”


14 posted on 03/14/2012 7:56:04 PM PDT by SunkenCiv (http://www.seinfeldscripts.com/TheBoyfriend2.htm)
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To: SunkenCiv
These early tools must have been to kill the dinosaurs who the shaman said were causing global warming!
15 posted on 03/14/2012 7:58:09 PM PDT by Noob1999 (Loose Lips, Sink Ships)
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To: SunkenCiv

Then pawn shops must have been the first businesses.


16 posted on 03/14/2012 8:01:57 PM PDT by txhurl (Thank you, Andrew Breitbart. In your untimely passing, you have exposed these people one last time.)
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To: SunkenCiv

You can usually pick one up at the pawn shop real cheap near the end of the month.


17 posted on 03/14/2012 8:06:07 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: SunkenCiv
Tools were the first money.

Now, tools of an entirely different variety are ruining our money.

You get it.

18 posted on 03/14/2012 8:14:21 PM PDT by backwoods-engineer (I will vote against ANY presidential candidate who had non-citizen parents.)
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To: SunkenCiv

Come on now, there were lots of cultures up to the twentieth century which did not use money. They bartered for what they need, had gift exchanges, raided and traded between villages. To say that tools were money is silly, for so were furs, skins, meat, shells, pretty stones, cool feathers, animals, women, children, baskets and just about everything people had could be wealth. So a stone tool is wealth but so was everything else, don’t these guys read historical accounts?


19 posted on 03/14/2012 8:20:54 PM PDT by dog breath
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To: txhurl

What did the ‘oldest profession’ use for payment/barter? Axes?


20 posted on 03/14/2012 8:23:50 PM PDT by Deaf Smith
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To: backwoods-engineer

People who have never touched a tool- it’s so bouregois.


21 posted on 03/14/2012 8:24:15 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: SunkenCiv

bkmk


22 posted on 03/14/2012 8:35:05 PM PDT by quickquiver (No, means N O.)
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To: dog breath; Erasmus; UCANSEE2; Nooseman; dfwgator; LtKerst; One Name; GreenHornet; Noob1999; ...

Barter is pretty old, but there are no historical accounts about this tools-as-money period, or even about the early days of bartering. One complaint I have about this idea though is best summed up right here:

http://www.inkcinct.com.au/web-pages/cartoons/past/2008/2008-182—market-forces-in-the-Third-World.jpg


23 posted on 03/14/2012 8:50:50 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him.)
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To: SunkenCiv

Large stone donuts were used as the first credit cards.

24 posted on 03/14/2012 8:58:16 PM PDT by bunkerhill7 (?? Who knew?)
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To: backwoods-engineer

shoot, I also wanted the link to the topic about the cratering of long bonds.

http://www.freerepublic.com/focus/news/2859258/posts


25 posted on 03/14/2012 9:46:36 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him.)
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To: SunkenCiv
Photobucket Photobucket Photobucket Photobucket Photobucket Looks like I'm back in business, anybody want to trade?
26 posted on 03/15/2012 4:34:47 AM PDT by Dusty Road
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To: SunkenCiv

There might be much more recent and closer to home examples of tools to strengthen the point.

I had the opportunity to visit Cahokia and the fabulous museum there. Of much interest were products available there from distant locations. Copper from Minnesota/Michigan, mica from North Carolina and shells from the Gulf and perhaps the Gulf of California. Also present were exhibits on two locations for the manufacture and repair of celts, stone axes used with a wood haft. There were a hundred or so in both of the shops

This was of interest to me because as a young man my uncle plowing on a Clinch River bottom in East Tennessee turned one up in excellent condition. I did some research for him and discovered one virtually identical for sale found a hundred miles or so north on the Clinch in South west Virginia. They seem identical to those being manufactured in the Cahokia shop.


27 posted on 03/15/2012 2:40:08 PM PDT by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: bert

When sites are found to be large, it’s safe to assume that there was an economic reason, until proven otherwise. :’)


28 posted on 03/15/2012 4:56:04 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him.)
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