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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C. His plans for Reconstruction were not carried out
Answer:
<u>Integration of Indians in American society</u>
Explanation:
The federal government has almost adopted an act that has further damaged India's interests even more fundamentally. Dawes Act of 1887 intended, to assist the Indians by staying on their land and integrating them into American society. This had a very different effect.
The act laid down the conditions that would give back to the Indians their common rights to their tribal land and instead individual estates of 160 acres (the value of the land was granted by white settlers). Any surplus land in the territory will be sold, and the proceeds will go to the tribes.
This plan was doomed to fail over a short period of time because it was impossible for hunters and warriors to quickly transform into farmers. In the long run, this had the effect of giving the Indians about two-thirds of the 138 million acres of land reserved for them. The energy with which white settlers ransacked free land is clearly evident in Native American territory, first on the reserves.
1. to spread christianity
2. they thought that they could become wealthy
Answer: in ancient Babylon clay tablets were used for business transactions when fingerprints were necessary.
