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Gifts, as token of gratitude and appreciations; either expressed externally as tangible means for eg. a diamond ring or by intangible means internally like love brings delight and comfort to the recipient. In a nutshell, it was the gesture expressed by gifts, transformed into the feeling of being loved, appreciated and being remembered that matters to the recipient. Although some considered the degree of appreciations by the receiving party towards the other are directly proportionate to the monetary value of the gift itself; but it need not necessary be the case especially intangibles like love, care, loving-kindness, sympathy and charity which were subjective in nature!
Today, occasions where gifts were duly considered could range from New Year Celebrations, birthdays, weddings, anniversaries to the first meeting/date between two parties, from conflicting nations to courting couples.
Traditionally, Jewelries and flowers attached with a letter or note to further enhance the occasion were amongst the favorites for aristocrats and nobles households. While commoners exchange daily essentials as gifts with each other which eventually evolved towards the idea of barter trading.
The holiday celebration of the New Year is among the oldest of all gift-giving holidays in the world which has a pre-historic root. Despite the 'Christmas presents' culture, 'gift giving' at New Year is still practiced in many parts of Europe, including France, Switzerland, Russia and Greece.
In fact in Europe gift-giving was prevalent even before Christ was born. It was first observed in ancient Babylon, about 4000 years ago. Thereafter, the Roman senate, in 153 B.C, declared January 1 to be the beginning of the New Year. Again, it was not until the reign of Julius Caesar, in 46 B.C, that the Julian calendar with Jan 1 as New Year was officially established. However in order to synchronies the calendar with sun, Caesar had to let the previous year drag on for 445 days!!! How astonishing!

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Takeaways
- gift-giving was prevalent even before Christ was born
- in 46 B.C, that the Julian calendar with Jan 1 as New Year was officially established
- Gift-giving was first observed in ancient Babylon, about 4000 years ago.
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