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The social and cultural effects of money are quite considerable. However, they must be viewed within the proper sociological and, indeed, anthropological context for their effects to truly be appreciated. Money, regardless of the denomination or type of currency, is a capital means of procuring essential needs. Its value is strictly related to its ability to procure essential goods which are those pertaining to the basic elements that humans need to exist such as food, clothing and shelter. Therefore, the social and cultural effects of money are more accurately described as those relating to the things that money can afford or provide. Viewed from this perspective, there are several discernible ramifications that money engenders within contemporary and previous societies, all of which are related to the provisioning of essential elements of human existence.
Elucidated within the point-of-view of the preceding thesis, money is an integral measure of how well an individual can provide for himself and those he chooses to surround himself with. Prior to modern society, the hunter-gatherer model was the essential means of this sort of demonstration. Individuals utilized their own physical prowess to procure and manipulate elements of shelter and food and clothing as best they could. As society became more civilized, however, capital goods (money) were used to substitute for the actual physical procurement of these necessities. Thus, money is widely seen as a means of eking out an existence for oneself in this world, as well as a tangible means of demonstrating that an individual is capable of doing such a feat.
One of the common social institutions that has traditionally been associated with money is weddings. Most women in contemporary or in any other society did not desire to marry a husband who did not have the pecuniary means of providing for them. Due to this fact, the concept of a dowry was produced and endures to this day. Although a dowry is merely considered a formality due to some wedding traditions in contemporary times, this notion descends from one in which a man must prove that he has sufficient funds to take care of another's daughter. What is considered a formality in contemporary times was considered an essential requirement for the Nuer, a Sudanese tribe, during the early part of the 20th century. There is a substantial amount of evidence that indicates that a man could not select a bride unless he had a sufficient number of cattle. Cattle was widely used by the Nuer as currency (cite). Therefore, the negotiating of cattle in a marriage for a bride was an eminent indicator of an individual's ability to take care of his wife, which the subsequent quotation readily demonstrates. "…bridewealth negotiations invariably concluded with a declaration by the groom's family that additional cattle would be forthcoming on the marriage of the bride's daughters, granddaughters, and great-granddaughters…" (Hutchinson 297). From an extremely pragmatic level, then, it is notable that money (which in the case of the Nuer took the form of cattle) was necessary to facilitate important social institutions such as marriage, which could just as easily be included as cultural institutions since marriage enables procreation.
Money also has other, less pragmatic effects on social institutions in society. The notion of class and wealth is inherently related to money -- both of these things have important social ramifications. Those ramifications primarily include a degree of social eminence or importance that money reinforces if not outright provides. For instance, in today's society, the rich are considered more important than the poor. There are a number of political strategies, for example, that advocate procuring the funding and support of the wealthy since that monetary support (and, by extension, political support, or so the theory goes) should exceed that of the destitute....
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