<span>In his 1823 address to congress, President Monroe introduced what has come to be known as the “Monroe Doctrine.” In it he stated a major foreign policy goal of preventing Europe from colonizing in any area of the western hemisphere - he said "the American continents are henceforth not to be considered as subjects for further colonization by any European powers.” The inference of this attitude is that any European involvement would be interpreted an act of hostility against the United States.</span>
The value of Fiat currency is a nation's credit, and that is because it is used to clear off debt by the citizens of a nation.
Fiat currency is, thus, a government issued-currency that is not supported by physical commodity, such physical commodity can be gold or silver.
The value of fiat money then is gotten from the relationship between supply and demand and the stability of government issuing it instead of the worth of a commodity that backs it.
For example, the United states dollar, euro and many world currencies are all fiat currency.
Government, historically, mint coins from valuable physical commodity and print paper money that could be redeemed for a particular amount of physical commodity.
In the case of inflation or hyperinflation, fiat money tends to loose value and this is because it is not connected to physical reserves such as gold or silver. if people lose faith in the country's currency, it tends to lose its value.
This is entirely different from currency that is backed by gold mainly because the demands for products made of gold such as jewelries, computers, electronic devices and aerospace vehicles are very high.
Fiat currency is issued by most government as legal tender for the purpose of debt repayment
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KEYWORDS:
- fiat money
- gold or silver
- currency
- government
- debt
- physical commodity
- legal tender
A the church saves good christians is your answer for question 6
Cortes showed up, the Aztecs welcomed him with open arms. They apparently thought he was a god. They gave him all the gold he could ever want, but he decided that that wasn't good enough and so he set up a meeting with Montezuma (their leader). He then captured Montezuma. The Aztecs realized their mistake and beat the Spanish back.
<span>After a while, the Spanish enlisted the aid of oppressed tribes living under Aztec rule, and when they made a move on the Empire, they found most of the Aztec warriors dead or dying of diseases that THEY brought over from Europe. They then conquered everyone.</span>
A. Militarism. is the answer.
