0
What else can I help you with?
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 many forms of money are there?
There are 1,000,000,000 Forms of money around the world
What is world war 1 paper money made out of?
paper :)
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
How did World War 2 affect US education?
what i want to know is how did World War 2 affect money for education and in Japan what did the boys do during the war
