Throughout history, why were gold and silver the preferred kinds of commodity money?

1 answer:

7 0

They are valued metals unlike the paper bills today which is given the value in the hands of the government and are just printed. Gold and silver also have all the main components that money should have, portability, limited supply, durability, divisibility, uniformity, and so on.

You might be interested in

The south sea was renamed the pacific during the voyage of

LuckyWell [14K]

The south sea was renamed the pacific during the voyage of Magellan. He is the one who renamed the south sea to the Pacific. While in the service of Spain, the Portuguese explorer Ferdinand Magellan led the first European voyage of discovery to circumnavigate the globe. Hope this answers the question.

8 0

3 years ago

How did 9/11 affect most Americans personally?

kvasek [131]

The threat of terrorism has grown significantly. Although there were terrorist strikes before to 9/11 (e.g., the bombing of embassies and the bombing of Oklahoma City), none were as serious or well-planned.
increased security at airports and on aircraft. The entire globe wished to avoid another 9/11.
War in Afghanistan: After 9/11, America developed a mistrust of the Taliban-led Afghanistan and the fact that it was harboring several terrorist organizations.
War in Iraq: Following 9/11, there were concerns that Saddam Hussein was harboring terrorist organizations that aimed to harm the US and the West as well as being suspected of possessing WMDs. All of this culminated in the Iraq War in 2003, the effects of which are still being felt today (ISIS)
distrust of the Muslim community. Americans had a great deal of mistrust towards Muslims in general after 9/11 because they thought some of them would be terrorists. This mistrust is still present in the alt-right movement today.
Patriot Act: broad citizen surveillance to combat terrorism (lone wolf or part of a group). This conduct sparked a heated discussion about the trade-off between freedom and security, which continues today.
The American endeavor to police the world did not end in Iraq and Afghanistan. Additionally, there were military operations in Somalia, airstrikes in Libya, and support for Syrian rebels.

6 0

2 years ago

What was a major characteristics of the renassisnce in Europe?

AURORKA [14]

A major characteristic of humanism in europe is an appreciation for the basic

7 0

3 years ago

What advantages did the North have over the South? List 4 reasons.

mamaluj [8]

They didn't have any advantages they were white and guys in the south were mainly black and had big dicks

4 0

2 years ago

How many states needed to be in agreement for a law to pass? 7 9 11 13?

11Alexandr11 [23.1K]

All 13 were needed to pass those.

7 0

2 years ago