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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)