[HIST BC 3116y] - Final Exam Guide - Everything you need to know! (59 pages long)
29 Nov 2016
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History of money (wed jan 27, lecture 4) Us dollar [based on ny times article this morning] First & only woman on us dollar bill- martha washington (for a short amount of time) Lady credit (18th c: unpredictable, more prone to fits of melancholy and depressions, unstable, weakness of women, women were used to describe credit as dangerous, long standing association with women and irrationality. Political importance of what you put on the bill or coin: imagined community. Journalism: national symbols, euro- bills feature random things/symbols. Claimed that economizing individuals will gravitate towards the most exchangeable commodity as money (i. e. development of markets) Gold tends to play this role because of its essential characteristics (& other metals: portable, high value, malleable. No government is required for the foundation of money. Trust is the key can have money that has no intrinsic value itself: people all agree to believe in something, virtual money.
