Karen used her silver receipt representative money to purchase a bike. Luke purchased two dozen eggs with commodity money and six apples.
Chris used coins from the government's flat money to purchase a bagel.
<h3>What is commodity money?</h3>
- Money that derives its worth from the commodity from which it is made is known as commodity money.
- Commodity money is made up of things that have worth or utility beyond only being exchangeable for products (intrinsic value).
- This contrasts with fiat money, which derives its value from having been established as money by government regulation, and representational money, which has no intrinsic worth but instead represents something valuable like gold or silver, which can be exchanged.
<h3>What is flat money?</h3>
- A form of currency known as fiat money is not backed by any physical good, like gold or silver.
- Usually, the government declares something to be legal tender through a decree.
- Fiat money has occasionally been created throughout history by regional banks and other organizations.
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<span>Article I, section 8 states: "To make all laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof"</span>
Four main reasons why the U.S was unprepared for war with Britain were that 1) the Continental Army was wildly undertrained 2) the British Army had far more men 3) the Colonists lacked money for war supplies, and 4) the colonists lacked and meaningful military alliances.
Answer: B. White wage earners from both the North and South were increasingly voting Republican instead of Democrat
Explanation: Nixon campaigned on a platform designed to reach the majority of middle class and working class Americans from both the North and South. He promised to unify the country and many Americans, weary after years of antiwar and civil rights protests, looked forward to an era of peace.
The Democratic foreign policy didn't help matters as this had led to what appeared to be absolute futility and agony in Vietnam. The American people, desperate to find a way out of the Vietnam problem, were ready to give the Republican an opportunity to make good on his campaign promises.
