The Code of Hammurabi is one of the oldest known legal codes, created around 1754 BCE in ancient Babylon. It consists of 282 laws that cover various aspects of daily life, including trade, property rights, and family matters. The code is famous for its principle of "an eye for an eye," which emphasizes proportional justice. The laws were inscribed on a large stone stele and publicly displayed, ensuring that all citizens could see and understand them. The Code of Hammurabi aimed to establish order and fairness in society, reflecting the values and norms of the time.