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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The gains made by African Americans were gradually destroyed by the white people of southern states as the democratic party gained political power in these states as well as the powers of the republican party also diminished away in the last year of the 1800s.
<h3>When was the democratic party established?</h3>
Democratic Party is a party that has emerged from the elections contested in the year 1824 in the country US.
In the year the 1870s, when the reconstruction for African Americans came to an end, the gains made for the people of African Americans were slowly degraded by the white people in the southern states. This happens because of the regaining of control by the southern states over the state legislations which also leads to the fading of the control by the republican party.
Therefore, in the year the 1800s, the privileges provided to African Americans were destroyed by the whites of the Southern states.
Learn more about the political parties in the late 1800s in the related link:
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They met in Versailles at the Hall of Mirrors. It is a city 10 miles outside Paris.
Answer:
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Explanation:
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