What's the Value of Money

The value of $$$ ?

 

 

What is the value of money?

Technically, money has no value because it’s a piece of paper.

In the past coins were made of pure silver but According to the usmint:

Quarters and dimes are composed of cupro-nickel clad, with a pure copper core, and an outer layer of a 75 percent copper, 25 percent nickel alloy.

Nickels are made from the same 75-25 alloy, and the cent, once a copper coin, is now composed of copper plated zinc. These cents are less expensive for the Mint to manufacture, and at 2.5 grams each, weigh about 20% less than the cent previously minted of 95 percent copper and 5 percent zinc, which weighed 3.11 grams.

 

Which basically means if you tried to melt them down you would probably get little to nothing. Humans have made money valuable because of the purchasing power due to the supply and demand we have for material items or just “stuff” in general. When you purchase something such as a car or house than money becomes valuable because these are tangible objects. Back In 1971 Richard Nixon announced that the United States wouldn’t exchange dollars for gold, which is when the value of money no longer became relevant and that’s exactly where we stand today.

 

History of the area and why people migrated here…….The California gold rush

 

In January 24, 1848 while mining with a crew at the American river near Sacramento, James Marshall discovered the precious metal gold.  News of Marshall’s discovery marked the beginning of one of the largest human migrations in history, as a half-million people from around the world descended upon California in search of the piece of the pie. By 1849 the population in California had increased to about 100,000 (as compared with 20,000 at the end of 1848 and around 800 in March 1848) due to the gold miners known as the 49ers (history.gov). Due the population influx California was able to apply for admissions into the union and was admitted as a free state in 1850 making it the 31^st state.

 

Capitalism vs. Marxism

 

I believe that Marxism is better suited to facilitate a sustainable future. The text states “Concern about sustainability must be based on moral obligations towards future generations—not just personal self-interest.”  In which Capitalism is a free mark system whose means of production come from privately owned businesses which has helped to create the tremendous gap between the rich and poor based upon their self interest. Marxism on the other hand believes that there should be no social classes and everyone should be equal. In order for this to work there would have to be a complete restructuring in America because we over eat, we waste food, pollute, etc. and we aren’t used to being told NO, but in order for everyone to be on the same playing field there has to be equality, and nobody can be left behind.