The significant ancient law code inscribed on a stone stele was the Code of Hammurabi, created during the reign of King Hammurabi of Babylon around 1754 BCE. It is one of the earliest written legal codes and consists of 282 laws that establish standards for behavior and justice. The Code is notable for its principle of "an eye for an eye," indicating a form of retributive justice. It has greatly influenced the development of legal systems throughout history, exemplifying the importance of codifying laws to maintain social order.