1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
77julia77 [94]
3 years ago
10

What was the problem with using wheat as commodity currency?

History
1 answer:
notka56 [123]3 years ago
3 0

Answer:

Explanation:

It's not like this was never done before. It was.

Compare it to gold however.

1. The Fed can't manufacture gold.

2. Wheat would have a crop each year that varies. So there would be no stability.

3. Gold does not oxidize nor does it react (hardly) with anything else. If you have an ounce of gold today, it will be an ounce tomorrow. In time, wheat will spoil.

4. It is not easily mined, see point 1. Wheat is easily grown to produce more.

5. It does not burn as wheat might.

6. Wheat cannot be made into smaller amounts like coins the way gold can.

7. It does not disappear into binary numbers the way bitcoin would.  (Of course wheat wouldn't either).

You might be interested in
The government can sell treasury bonds when it needs money to fund certain projects
Evgesh-ka [11]
Yes the government can sell treasury bonds which is why we’re so in debt.
6 0
3 years ago
Which of the following problems plagued the French National Convention revolutionary government?
Vika [28.1K]

Answer:

<h2>d) All of the choices are correct.</h2>

Explanation:

The French Revolution was a movement of the Third Estate (as the commoner class was known) against the elites who controlled all power in France.  The 3rd Estate was the bulk of the people (98% of the population), all considered "commoners."  (The clergy and nobility were the 1st and 2nd Estates.)   So, the 3rd Estate included those from a wealthy, bourgeois wine merchant to a day laborer in the city or a peasant farmer in the countryside.  The initial leaders of the Revolution came from a bourgeois background.

When the Revolution began, it was difficult for the bourgeois leaders to manage the new government in a way that met the concerns and demands of the poorer classes (city workers and rural peasants).  So the discontent of the poor and the peasants were a problem for the French National Convention.  So too was the rise of the Jacobin movement, a more radical group which challenged the more conservative Girondists for power.  The "Girondists" were named after the Gironde region, a wine producing region.  Wealthier bourgeois types (like  wine merchants) were the sort of persons in the Girondist group.  The Jacobins were adamant about establishing equality for all persons in France, whereas the Girondists at times seemed more concerned about protecting the interests of businessmen for the sake of a profitable business environment.

4 0
3 years ago
Three examples of actions taken by Catherine the beat that were
Romashka [77]
Jenshdhrbrhdhdjjrjrjdjdjjdjdjdjdjd
3 0
3 years ago
Explain five importance of puberty rites<br>​
Inessa05 [86]

Answer:

Puberty rites are a helping hand to the people to transmit their culture across multiple generations.

Explanation:

I have only one hope this helps a little bit.

3 0
3 years ago
How did Ivan the Terrible commemorate his victory over the Tartars in Kazan?
Mrac [35]

Answer:

hey its ur fav person lol

Explanation:

7 0
3 years ago
Other questions:
  • Select all that apply. Advantages to the United States brought about by corporations included: more workers employed lower price
    9·1 answer
  • What was brinkmanship and what was the result of the policy in the 1950’s?
    14·1 answer
  • A powerful committee of the U.S. Senate charged with finding ways to raise federal revenues is the
    6·2 answers
  • In what climate zone is Iowa located
    15·2 answers
  • What was a result of the arms race between the United States and Soviet
    11·1 answer
  • To be one with nature
    6·2 answers
  • To promote the growth of American business during the Industrial Revolution, the federal government
    7·2 answers
  • Which of these states 27th to gain statehood apart of the United States <br><br> ANSWER ASAPPP
    6·1 answer
  • (8 49What would be the BEST title for this mental map of 19th century United States History?
    5·2 answers
  • Marking brainleist + a thanks + 10 points!
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!