ADMS 1010 Lecture Notes - Lecture 6: Digital Currency, World Food Programme, Barter
Document Summary
When a casual relationship between two things are created, backed by evidence, a casual claim is made. For example, why is there an incline away from fast food chains? (effect) because individuals are becoming increasingly aware of their health and what they eat (cause). Holds water" when it is backed by sufficient evidence and when there are no rival causes invoking the idea that the claim may be false. Korten, author of when corporations rule the world, stated in his book that money is of the most important inventions humanity has made. In the times before the money we know of today came to be, a barter system was the way people exchanged goods. For example, a merchant may have traded silk from china for another object deemed at a similar value. Overtime, as money was created in the form of note and coins, the very same exchange, for example, became silk from china for coins.