Before colonial period, Africans practiced barter trade – actual goods exchanged with other goods e.g. animals would be exchanged with food grains, millet, sorghum, cowpeas, children exchanged for food during famine.
Trade merchants from Asia had introduced into Africa forms of currency such as the cowry shells, gold and the Indian rupees.
Use of money as a means of exchange in economic activities e.g. banking, investment, insurance, payment of goods and services.
Reasons for money introduction
Colonization brought a lot of changes such as unoccupied land declared ‘Crown land’ for colonialists.
Tax introduction. Africans were supposed to pay taxes to the government. Taxes were paid in form of money.
Introduction of formal education School fees was introduced. Fees were paid in form of money.
Introduction of modern medical services. People paid medical services using money.
Emergence of new lifestyles. Converts to Christianity were emphasized on to have materials, hence had to work to improve their living standards. They built houses, took their children to schools practiced modern family techniques hence had to use money.
Impact of the introduction of money economy in traditional African society
Introduction of wage – labor
Break up of family ties as people migrated from rural to urban areas in search of employment
African land taken by the colonialists, reducing people to squatters hence need to work
There was creation of a gap between people – the rich and the poor
Emergence of vices e.g. corruption, bribery, prostitution, robbery
Deterioration of cherished African values e.g. bride wealth has become commercialized, customs lost etc.
Loss of African human dignity. Africans had to pay taxes to the colonial government. They were forced to work in European farms so as to get money. They worked under dehumanizing conditions.
Production of traditional food crops declined replaced by cash crops.
Individual ownership of land was emphasized. Land could be sold at will
There was increase of rural – urban migration leaving the rural people less educated.
Exploitation of the poor by the rich – poor wages, overcharging prices on foods.
Destruction of the natural environment to create room for building projects, urban centers
The cost of living increased. Almost everything is acquired by money.
Christians to promote the value of justice, fairness, social responsibility. How? By having anti – corruption crusades, be role models, teach or import skills, advocate for cancellation of foreign debts, taxation to all etc.
Promotion of affordable and decent housing
Favorable terms of loans
Encourage Jua Kali artisans
Christians to demand transformation of society through implementation of just economic policies that can ensure fair distribution of wealth.
Encourage foreign investors through good infrastructure, incentives e.g. shorter process to register business, security.
Christian to encourage investments by churches and inculcate in people the values of hard work, proper time management free education free health care for the poor or needy.
Fair distribution of wealth / resources refers to jobs, infrastructure, hospitals, water, agricultural products etc.
Values – Beliefs, which guide people on what is right and wrong.
Values related to wealth are: -
Love – intense emotion of attachment, affection, warmth, fondness, regard for a person or something
Honesty – quality of being truthful, fair trustworthy, sincere, genuine. The opposite of honesty is dishonesty.
Reliability – being dependable, faithful, predictable, unfailing. The ability of being relied upon and keeping promises
Fairness – condition of being unbiased, free from discrimination.
Justice – fair dealings with the people, as they deserve according to the law. Being fair, giving people what’s due to them. Opposite of justice is injustice.
Respect -Quality of having high regard for somebody or something.
Politeness. It’s important to respect other people’s property.
Humility – quality of not thinking that you are better than others. Being humble. Opposite of humility is pride, being proud. Those who humble themselves shall be exalted.
Faithfulness – quality of remaining loyal or true to someone. Christians should be faithful at their places of work and in allocating their wealth to God’s work. Those who are entrusted with public resources to manage on behalf of the people should show a high degree of faithfulness.
Persistence – quality to persevere. Quality to continue steadfastly, unrelentingly despite opposition e.g. the unjust judge and widow, job =, Jeremiah are people who persisted.
Chastity – a state of being pure, holy, innocent modest. It is abstinence from actions that may make one impure before God. Christians should strive hard not to defile their bodies in search of wealth. Christians should strive to live holy lives, avoid prostitution, drug abuse; corruption, people use sexual favor to get jobs or promotion. Christians should thus avoid such.
Download CHRISTIAN APPROACHES TO WEALTH, MONEY AND POVERTY - CRE FORM 4 Notes.