HIST BC 3116y Lecture Notes - Lecture 27: Deflation, Embeddedness, Money Creation
1 Nov 2016
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Final history of money lecture (2 may 2016) *harriet tu(cid:271)(cid:373)a(cid:374) o(cid:374) (cid:271)ill, a(cid:374)dre(cid:449) ja(cid:272)kso(cid:374) does(cid:374)"t (cid:373)ake a (cid:449)hole lot of se(cid:374)se a(cid:374)y(cid:449)ay because he was resistant to the current banking system with paper money. Harriet tubman bought her own freedom with : symbolic, revolutionary moment. Or at least highly complicated: would have been less complicated to have put obama or mlk on the bill. Money is something that encourages people to have a sense of community, prosperity, messages of violence, democracy, ideals, etc. (belief in the future) Slavery, is the basis of american capitalism today: fantastic that people are forced to come to terms with that. 70 (cid:373)illio(cid:374) people i(cid:374) a(cid:373)eri(cid:272)a that do(cid:374)"t ha(cid:448)e a(cid:272)(cid:272)ess to the world of credit (cid:862)(cid:272)ash used to (cid:271)e ki(cid:374)g, (cid:374)o(cid:449) (cid:272)ash is the slu(cid:373)lord(cid:863) Money is a vehicle of congealed social power according to marx. Supposed to create a trust in a mechanism and not people.
