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What else can I help you with?
What problem cause Congress to stop issuing paper money?
Inflation caused Congress to stop issuing paper money.
Did China invent paper money?
well first the chinese said WE LOVE PAPER AND MONEY SO LETS MAKE SOME PAPER MONEY THEN EVERYONE SAID HE WAS CRAZY BUT THEN AFTER HE MADE paper money and everyone thought tit was a a great idea *WRONG* The Chinese government thought that large amount of coins are difficult to carry. So they invented paper money in order to solve the problem. ~Improved by Pinksakuraeya
Where are your coins for your deals you did?
Most people will use the change they received after taking advantage of a good deal and place it into a change container. They will then save this change until they have a large amount. When they have saved a large amount most will exchange the change for paper money at the bank.
What was the economic result of printing large amounts of paper money?
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What kind of money was used in the Civil War?
Due to the insufficient amount of gold coin paper money was used instead. In the Confederacy also Postage stamps were used as paper money.
If trees produce paper and money is made of paper cant money grow on trees?
Okay, money is not, in any real sense, "made of paper". Sure, it's printed on paper (though calling the substance money is printed on "paper" is a bit misleading, because there's actually a large amount of cotton present in that "paper". But, what makes money money is the fact that the government proclaims it to be "legal tender". So, in the only sense that matters, money is made out of government proclamation, not paper. Moreover, trees do not produce paper directly. They produce wood. Humans produce paper by processing the wood (and, in the case of the paper used to print money, cotton as well). And humans make money by printing numbers, words, and the pictures of dead Presidents on the paper. The biological processes going on inside a tree, complex as they are, cannot duplicate these human processes. So, "money", even if it was nothing more than the paper and ink that went into physically producing the bills, still could not grow on trees.
Is it a lot of paper or lots of paper?
Either is ok. Used that way, "a lot" or "lots" is a very informal expression for a large amount.
What was the gold standard and which groups of Americans supported it?
The gold standard was a system of money where the government owned and kept an amount of gold that was represented by the paper money issued. Paper money was called gold certificates and originally you could present the paper money and be given the stated face amount of gold for it. People like libertarians and strict constitutionalists supported the system, but the US stopped using it.
5 Which problem caused Congress to stop issuing paper money?
When studying history, it is important to understand the reasoning behind the choices of the men in offices. Congress stopped issuing paper money because of the problem with inflation.
Does paper have a large amount of iron in it?
Yes - if you can pick it up with a magnet, it has iron in it. That is why they call substances you can pick up with a magnet "ferromagnetic" - ferrous (the ferro part of ferromagnetic) is Latin meaning (roughly) "of iron", or "containing iron".
What country first used paper money?
The first known use of paper money was in china during the 7th century; it was used to reduce the amount of coinage carried by travelers as it weighed too much.
What problem did paper money solve in china?
China began to use paper money during the Tang dynasty because of its lightness and other aspects. People could now carry money without the anxiety of a robber stealing it because they would have no need for money outside of china. also, paper money could be carried i larger loads because it didnt weigh as much as coins or gold did. finally, paper money allowed the government to enforce greater regulation due to being the only manufacturer of the product.
