Church History Matters

052 Q&R! On Early Church Finance w/ Drs. Elizabeth Kuehn & Jeffrey Mahas

13 snips
Feb 27, 2024
Exploring the evolution of church finances from two-part tithings to the current 10% income system. Discussing the role of the Danites, financial stipends for Church leaders, and disagreements between Brigham Young and Emma Smith. Delving into early tithing challenges, labor disputes, and the compensation of church leaders. Shedding light on the dispute over financial assets after Joseph Smith's death and encouraging listener engagement.
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INSIGHT

Kirtland Bank Crisis Context

  • The Kirtland bank crisis stemmed from larger economic instability and Joseph Smith's inexperience with banking.
  • This crisis tested members' testimonies, revealing underlying beliefs about prophetic fallibility.
INSIGHT

Joseph Smith's Loss and National Panic

  • Joseph Smith lost the most money in the Kirtland bank failure, over $6,000.
  • Hundreds of banks failed across the US during this period, not just the Kirtland bank.
ANECDOTE

2% Tithing Proposal

  • In 1837, a 2% tithing proposal was considered in Far West.
  • This was a proposal, not an implemented practice, based on net worth, not income.
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