Economy
In Kaffa, Maria Theresa Thalers (MT) and salt blocks called amoleh were used as currency (as in the rest of Ethiopia) as late as 1905, which circulated at a rate of four or five amolehs to 1 MT.
The economy was based on exports of gold, civet oil, and slaves. Crops raised included coffee and cotton. However, according to Richard Pankhurst, the amount of coffee exported was never large: he cites an estimate for its production in the 1880s at 50,000 to 60,000 kilograms a year. Livestock was raised, and honeybees kept in barrels (called gendo) which were hung in trees.
Read more about this topic: Kingdom Of Kaffa
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kindno matter how ultimately profitable or otherwise successful some of them might prove to bethere is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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 (18171862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we really experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (18441900)