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Symbolic money
(753 words)

Commodity money (formerly known also as “primitive money”) comprises a wide range of symbolic objects that are used in place of all other goods in the course of exchange processes [1. 276]. Their general currency enables these objects to function as mediums of exchange and measures of value. Although in terms of the materiality of money, commodity money stood at the beginning of the medieval and early modern evolution from non-metallic to metallic (i.e. coins) to paper money (Money economy 3.), it by no means became obsolete, particularly during the metallic money era…

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Fried, Torsten, “Symbolic money”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 16 July 2024 <http://dx.doi.org/10.1163/2352-0272_emho_SIM_024604>
First published online: 2015
First print edition: 20180208

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