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What type of paper is money made on?
Currency paper is composed of 25 percent linen and 75 percent cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper. Before World War I these fibers were made of silk.
Can there be a world without money?
There used to be a world without money. Before there was money the world existed on a barter system, where people only traded raw or processed goods for other raw or processed goods. The advent of money was to increase the ease of trade. The worth of money is arbitrary in the sense that it can be commodified and be influenced by the principles of supply and demand. When a currency no longer has value especially when plagued with huge rates of inflation, barter becomes a more valuable tool for exchange. In the industrialized world the advent of credit could also be a point where money could become obsolete. The abolition of paper money is probably no likely because of the principle of path dependence. A large part of the world is acclimated to the idea of an economy based on the transaction of money, or transactions based off the promise of money that there would be a lot of costs in order to change the system. The abolition of money is also not likely because the advent of credit is only applicable when there is an abundance of systems of information technology, which only the industrialized world possesses while most of the world does not have the capacity for such technology.
When paper money is demonetized its intrinsic value becomes?
The 'intrinsic' value of ALL paper money, is HOW many BTU's it will produce when you burn it to keep warm. It gets its "value" when people think it is valuable and are willing to trade REAL items for it. But ask yourself this. If somebody offered you Monopoly money, or Confederate Currency for your house or car,, would you take it? Of course not. But did you know, in the world's history, there has been more than 400 different paper currencies and ALL of them eventually fell to zero? (average time to crash? Less than 100 years.) Dump your bucks and buy real silver and gold.
Crops that are sold for money on world markets?
Crops that are sold for money on world markets are called cash crops.
How did paper money help china?
Paper money was first produced in China in 11th century when there was a metal shortage and the government didn't have enough gold, silver and copper to meet the demand for money. It wasn't long before the Chinese government was producing paper currency at a rate of four million sheets a year. By the 12th century paper money was used to finance a defense against the Mongols. Notes produced in 1209 that promised a pay holders with gold and silver were printed on perfumed paper made of silk. [Source: "The Discoverers" by Daniel Boorstin]. "Of this money, " Marco Polo wrote, "the Khan has such a quantity made that with it he could buy all the treasure in the world. With this currency he orders all payments to be made throughout every province and kingdom and region of his empire. And no one dares refuse it on pain of losing his life...I assure you, that all the peoples and populations who are subject to his rule are perfectly willing to accept these papers in payment, since wherever they go they pay in the same currency, whether for goods or for pearls or precious stones or gold or silver. With these pieces of paper they can buy anything and pay for anything...
What is world war 1 paper money made out of?
paper :)
What is the strongest paper money in the world?
Euro
How did the Chinese spread the paper money from other parts of the world?
Type your answer here... paper money where it later spread to
How did paper affect the Chinese?
The impact origami had on china when it first stared was that every one in the world would pay mad money to get there hands on origami
Were in the world was the first paper money use?
China
What was the first Chinese dynasty to printed the first paper money used in the world?
The Song was the 1st Dynasty to develop paper money.
Whom did the invention of paper affect?
This affected the whole world because now every one you's paper
How did Chinese paper money change the world?
Because Asian rocks
Would the extinction of the ground hog affect the world?
No, as the groundhog is not present in all the world. Mainly the USA.
Where in the world was paper money first used?
First created and used by the Chinese
How did paper money spread throughout the world?
Paper Money was first created by the Chinese around 600 AD. When the Mongols invaded, it was still there. So, Mongol traders spread it around the world while trading themselves. Hope it was a help!
How did World War 1 afect the US?
world war one affect the us they had get a alot of money
