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Essay

Spurgeon Ernest W. Bacon

Essay specific features

 

Issue:

Book Reports

 

Written by:

Bonnie P

 

Date added:

August 6, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 578

 

Was viewed:

1748 times

 

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Essay content:

If a user can measure it or weigh it, he can tell if someone has added a cheaper metal into the cheaper metal. People learned to test coins. If it wasn't soft enough for their teeth to leave a mark, it was the proper weight for the precious metal. Well how do you know if the government mixes the metals and tell us that its 100% gold? The coins weight will change ...
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It also starts to change color. People loose faith in the issuer of the coins. But paper money overcomes this inherent weakness one peace of paper looks like any other peace of paper .They weigh all the same. How can the user determine which peace of paper is the phony? He can't. How dose the state get people to accept pieces of paper as money? By making then convertible on demand for silver of gold...
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General issues of this essay:
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