Answer:
1776
Explanation:
Adam Smith was a Scottish economist, philosopher, and author, and is considered the father of modern economics. Smith is most famous for his 1776 book, "The Wealth of Nations."
1. Answer: People didn't have to trade goods.
Explanation:
With a unitary currency, trading goods became easier. It also allowed people to have a standardized form of trading, where each commodity had the same value for everyone. Also, money it made possible for people not to have goods and still trade and buy stuff. It also allowed them not to carry their commodity around when they wanted to trade. Money was a precondition for open market and competition. Money was a starting point for credit system and banking.
2. Answer:
Paper money was easier to handle and carry around. It is also fictional because, it has no other value, but the value people gave it in order to recognize it as an official form of money. It is originally issued by banks, and is a legal requirement for buying commodity. First paper money originated in South-East Asia and China. A disadvantage for paper money is that it makes inflation possible, which is made financial crises, because the money loses all of its value.
3. Answer:
The best thing to put on the coin is a symbol of the state - a government's house, or some former leader - founding father of the country. This symbol should be on the back of a coin, while on the front there should be the amount of money this coin represents. While coins nowadays represent small amounts of money, there should be a denomination of 1 or 2 on the front side of the coin.
The correct answer for the question that is being presented above is this one: "TRUE." The Centennial Exhibition was meant to show off America as an industrial power to the rest of the world. It is also known as <span>International Exhibition of Arts, Manufactures and Products of the Soil and Mine."</span>
The president of Mexico, Santa Anna, was capture the next day. A few weeks later he signed a peace treaty saying Mexico would leave the region. The general Sam Houston became famous. The treaties opened the door for Texan independence.
