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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).

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Abraham Lincoln's assassination dramatically changed the Reconstruction era. Booth may have decided to act on his hatred after Lincoln endorsed giving the right to vote to African-American men who had served in the Union Army.

Explanation:

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How do you know the kingdom of heaven movie is set in the Middle Ages ?
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Which of the following elements of the U.S. Constitution was most responsible for increasing the power of the national governmen
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How was Stonewall Jackson's army able to surprise the Union army at Chancellorsville?
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The correct answers are B, C and D. Stonewall Jackson's army marched secretly to a spot on the side of the Union Army and then they attacked, while the Union forces were not expecting this.

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The Battle of Chancellorsville was a major victory for Confederate troops over the Union Army and is one of the jewels of military strategy.   Jackson and Lee masterfully used bluffing and covert shifts to deceive the enemy, and at one point they reached for the opportunity to encircle and completely destroy General H0oker's army.

During this battle, H0oker took a position north of Chancellorsville, leaving his left wing unprotected. Noticing that, Lee attacked with 20,000 people against Ho0ker's left wing, and sent Jackson to H0oker's right wing with 25,000 people. On May 2, Jackson attacked and pushed H0oker's right wing. The next day, H0oker took his forces to better positions. On the same day, General Sedgwick repulsed Lee's weak forces near Fredricksburg, but reinforcements that arrived on May 4 forced Sedgwick to withdraw. On May 6, Lee ordered a general attack. H0oker saw that the battle was lost and retreated to the left bank of the Repehenek.

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However, the Union army escaped, and the death of Jackson, considered the Confederate's best field tactician and General Lee's irreplaceable right hand, was a catastrophe from which Southern troops never fully recovered.

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