talking about money...
By bodomgirl
@bodomgirl (1614)
Italy
November 29, 2006 5:29pm CST
See the Indo-European and Semitic etymology at History of money.
In many languages,the word for money is the same as or similar to the word for silver or gold. The French, appart from the word Monnaie, they also use the word argent (which means 'silver'), to mean money 1. The word translated "money" Old Testament is "keseph," but this word actually means "silver". Likewise, the Greek words underlying the translation "money" in the New Testament actually mean silver or a certain weight of silver. The modern notion of the word "money" as currency (fiat money or paper notes) is a very recent development in the meaning of the word "money." This shift began in 1913 with the creation of the Federal Reserve. The change in meaning to pure paper notes was aided by Roosevelt in 1933 when Americans were required to turn in their gold for paper, but the silver coins in use continued to be "money" in the original sense (with a brief period of debasement during WWII) until 1964 when the silver was removed from U.S. coins. Despite the attempt by the central bank to enforce the new meaning of the word money as standing for paper currency or electronic credits, there has always been a significant number of scholars who point out that this is just a deception and that "money" must be real substance, i.e. gold, silver, or some other commodity that functions well as a unit of exhange.
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