Economy
In Jimma, Maria Theresa Thalers (MT) and salt blocks called amoleh were used as currency until the reign of Emperor Menelik II.
Like the other Gibe kingdoms, Jimma was a source of slaves, who were sold openly until the reign of Menelik II. Lewis reports estimates that King Abba Jifar II had as many as 10,000 slaves. Until the 1930s, slaves continued to be sold out of the public eye, but openly owned, when Emperor Haile Selassie and later the Italian occupiers managed to abolish it. (See also African slave trade).
The condition of slaves in Jimma was usually humane, for they were allowed to marry, own property (including slaves in turn), and inherit what their parents managed to accumulate; families were rarely broken up. However, they had no official rights, could be beaten at will, and run away slaves were beaten and kept in chains.
Coffee (Coffea arabica) became a major cash crop in Jimma only in the reign of King Abba Jifar II. Another source of income was the extraction of oil from Civets, which was used to make perfume.
Read more about this topic: Kingdom Of Jimma
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)