Why Did the Traditional Economy Collapse in the Face of Universal Currency?

In this blog post, we examine how the traditional economic structure of the Nigerian Tiv people was dismantled by the introduction of universal currency, and analyze the impact of these changes in the economic system on the community and social relations.

 

Prior to colonial rule, the economy of the Nigerian Tiv people consisted of three distinct yet hierarchical economic spheres: the subsistence sphere, the prestige sphere, and the supreme sphere. The subsistence sphere included everyday necessities such as food, furniture, and farming tools, which were freely exchanged through gift-giving or barter. The prestige sphere consisted of goods symbolizing social prestige and power, such as slaves, livestock, medicines, ritual and magical offices, and brass rods; among these, brass rods also served, albeit to a limited extent, as a form of currency. Finally, the supreme sphere comprised goods of the highest value and symbolism—namely, the sphere related to marriage, including rights over women.
The Tiv people often attempted to exchange goods from the lower domains, such as food, for higher-status prestige goods like cattle or brass rods at traditional markets. However, generally, exchange was permitted only between goods within the same domain, and the exchange of goods between different domains was possible only under strict moral constraints. Although brass rods were used to a limited extent as a medium of exchange, giving brass rods in exchange for food or using them as a bride price for marriage often led to social condemnation or raised questions about the legitimacy of the marriage. For example, acquiring a wife in exchange for a brass rod was considered an “incomplete marriage,” and this was subject to social value judgments rather than being viewed as a mere economic transaction.
Therefore, in pre-colonial Tiv society, brass rods were not full-fledged currency. They functioned as a medium of exchange or a means of payment only for certain goods and were not a currency universally applicable to all economic activities. However, with the onset of colonial rule by European powers from the late 19th century through the early 20th century, universal currency was introduced, fundamentally transforming the traditional economic order of Tiv society. Commodification took place, whereby all goods were converted into a common standard, and consequently, people had to enter into contracts with external merchants or engage directly in trade to cultivate cash crops in order to secure cash. While this signified an expansion of economic activity, it also produced the side effect of a “loss of economic autonomy” in that it deepened dependence on external economic structures.
In particular, men seeking to establish their prestige attempted to maintain their social status by using money earned from selling agricultural products in the market to pay bride prices or purchase other high-value goods within their sphere of influence. However, this process led to a massive outflow of food, reducing the supply of daily necessities for internal consumption. Furthermore, the introduction of the concept of “debt”—which had not traditionally existed—into the subsistence sphere exacerbated the gap between the rich and the poor. Economic imbalances among community members grew even greater, acting as a factor that weakened internal bonds and stability within the community.
The marriage system also underwent significant changes. The traditional ideal form of marriage was “exchange marriage,” which involved the exchange of sisters between two groups. However, in reality, direct exchange marriages were rare; instead, it was common to send a substitute woman, known as an “ingol,” when there was no woman to send to the other party. To ensure a stable supply of these ingols, “ingol-sharing groups” were formed within the same patrilineal clan. These groups jointly managed the ingols, maintaining social cohesion through marital relationships.
If an ingol ran away, or if the receiving party failed to return a suitable woman, the sending party incurred a debt, which damaged the prestige of the ingol-sharing group. In such cases, property such as brass rods or cattle was sometimes used as a deposit or as compensation to resolve grievances, but this was not a substitute for the exchange of women. True debt repayment was made only with women, and ideally, the debt was settled by returning the firstborn daughter to her original ingol-sharing group. This process sometimes spanned two or three generations, and the bonds between kinship groups formed through marriage were a central pillar of social integration.
However, the introduction of universal currency and the spread of a commodity market economy brought significant changes to this traditional marriage system. As the boundaries between economic spheres became blurred and women, like other commodities, became objects that could be purchased with money, exchange marriage was gradually replaced by a form of marriage involving the payment of a bride price. Ingol administrators, who began receiving bride prices in the form of money, felt they were losing the social status they had originally enjoyed, and the interdependence and bonds between kinship groups weakened rapidly. Since the number of women was limited, bride prices skyrocketed, and men facing economic hardship found it difficult to even secure a wife. Consequently, the marriage rate declined across society, accelerating a shift toward the collapse of traditional community structures.
In conclusion, the introduction of universal currency in Tiv society went beyond mere economic change, profoundly affecting the social structure as a whole. As the hierarchical distinctions between goods disappeared and everything was converted into the same monetary unit, traditional value systems and social networks began to disintegrate. This was not merely a matter of material abundance or economic efficiency, but led to issues concerning the community’s identity and sustainability. In the process of integrating into the modern economic order, Tiv society faced the dual challenge of the disintegration of the traditional order and the restructuring of its identity.

 

About the author

Tra My

I’m a pretty simple person, but I love savoring life’s little pleasures. I enjoy taking care of myself so I can always feel confident and look my best in my own way. I’m passionate about traveling, exploring new places, and capturing memorable moments. And of course, I can’t resist delicious food—eating is a serious pleasure of mine.