Mammon was not originally a demon but simply the Syrian term for 'money' or 'riches'. He entered the lists of demons in the words of Christ (Matthew, 6, 24):
"No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon."
By biblical exegesis and popular misunderstanding he developed a variety of corrupt names which flourished in a number of demonologies, and eventually he emerged in popular consciousness as the demon of money, riches and covetousness; or (more precisely) the demon of love of money. "By Mammon is meant the devil who is the Lord of Money" wrote Thomas Aquinas.
John Milton, in his 'Paradise Lost', depicts Mammon as forever looking downward, at Heaven's golden pavement, rather than up at God.
After the rebellion in Heaven, Mammon is relegated to hell, where he is the one who finds underground precious metal that his demonic companions use to build their capital city, Pandemonium.
During the Middle Ages, Mammon was commonly personified as the demon of avarice, richness and injustice.
In De Plancy's 'Dictionnaire Infernal', Mammon is mentioned as Hell's ambassador to England, and equated with Lucifer, Satan, Beelzebub and Nebuchadnezzar (Babylonian king). Mammon is also one of the demonic sins, avarice.
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