Question

The US Dollar is no longer backed by gold and is currently a fiat money (the...

The US Dollar is no longer backed by gold and is currently a fiat money (the gold standard ended roughly in 1971 under President Nixon).

Some individuals wish a return a return to the gold standard. If your last name starts with any of the following letters, ACEGIKMOQSUWY, then make a post arguing FOR a return to the gold standard. If your last name starts with any of the following letters, BDFHJLNPRTVXZ,

then make a post arguing AGAINST a return to the gold standard. You might want to do some extra research online about this as well.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In 1971 the US government removed the dollar from the gold standard, because of this the...
In 1971 the US government removed the dollar from the gold standard, because of this the dollar became a “fiat” currency. A currency backed by only the full faith and credit in the issuing government. Given the uncertain economic outlook of the last few years, there’s been a growing chorus of voices that had been arguing for a return to the gold standard. One of the main beliefs here is that government spending (and issuance of currency) will be naturally...
The U.S. abandoned the gold standard in 1933 when President Roosevelt cut the U.S. dollar’s ties...
The U.S. abandoned the gold standard in 1933 when President Roosevelt cut the U.S. dollar’s ties with gold; however, the U.S. continued to allow foreign governments to exchange dollars for gold until 1971, when President Nixon abruptly ended the practice to stop foreigners from exchanging U.S. dollars for our gold reserves. Therefore, the U.S. currently has a fiat money system, meaning the dollar’s value is not linked to any specific asset. a) What exactly is meant by the gold standard?...
Answer the following questions from the information below a. What are the organization's marketing goals? b....
Answer the following questions from the information below a. What are the organization's marketing goals? b. What are the symptoms of the problem? In other words, which of the organization's marketing goals mentioned in section a., above are not being met? c. What is the organization's problem? Look at the symptoms and make a judgement about what their cause may be. Do not confuse symptoms with problems. Problems cause symptoms. d. Perform a SW/OT analysis: -What are the organization's internal...
About John Daniels Chemicals Inc. This business case is about John Daniels Chemicals Inc., which is...
About John Daniels Chemicals Inc. This business case is about John Daniels Chemicals Inc., which is one the most respected and elite chemical research organization in the industry, operating since 1991, with the headquarters in Tanzania, Africa. Organizational Structure and Culture at John Daniels Chemicals Inc. Organizational culture in John Daniels Chemicals Inc. is an open and less rigid one, unlike the other usual corporations in the market. The scientists selected to work in John Daniels Chemicals Inc. are top...
In February 2012, the Pepsi Next product was launched into the US market. This case study...
In February 2012, the Pepsi Next product was launched into the US market. This case study provides students with an interesting insight into PepsiCo’s new product process and some of the challenging decisions that they faced along the way. Pepsi Next Case Study Introduction Pepsi Next was launched by PepsiCo into the US market in February 2012, and has since been rolled out to various international markets (for instance, it was launched in Australia in September 2012). The new product...
Facts from Client Interview Tumutch and Lotta Bolloni have been married for four years. They both...
Facts from Client Interview Tumutch and Lotta Bolloni have been married for four years. They both work very hard at their jobs – Lotta being an accountant and Tumutch working as a construction manager. They decide to splurge and look into booking an all-inclusive vacation to the enchanting Fantasy Island, in Fiji for February 2020. The Bollonis do some research into different travel packages and get quotes from various agencies. They narrow their choices down to three possibilities: Travelcations &...
Actually a HISTORY question: what tactics does Einhard use to portray Charlemagne in "Life of Charlemagne"...
Actually a HISTORY question: what tactics does Einhard use to portray Charlemagne in "Life of Charlemagne" and what tactics does Procipius use to describe Justinian in a positive light in the "Nika Riots"? Ive posted both excerpts. "Life of Charlemagne" Charles the Great, (Charlemagne in French) reigned 768-814 as king of the Franks and the most important ruler of the Carolingian Dynasty, conquering lands in what is now Germany, France, Spain, and Italy. On Christmas Day 800 C.E., Pope Leo...
After reading the following article, how would you summarize it? What conclusions can be made about...
After reading the following article, how would you summarize it? What conclusions can be made about Amazon? Case 12: Amazon.com Inc.: Retailing Giant to High-Tech Player? (Internet Companies) Overview Founded by Jeff Bezos, online giant Amazon.com, Inc. (Amazon), was incorporated in the state of Washington in July 1994, and sold its first book in July 1995. In May 1997, Amazon (AMZN) completed its initial public offering and its common stock was listed on the NASDAQ Global Select Market. Amazon quickly...
Please summarize the below article in approximately 100 words: Monumental function in British Neolithic burial practices...
Please summarize the below article in approximately 100 words: Monumental function in British Neolithic burial practices Ian Kinnes The high-risk rate of survival for the non-megalithic series of Neolithic funerary monuments, recently re-emphasized by Piggott (1973: 34), introduces a further variable into the deductive study of burial practices. In Britain and Europe the overall distribution of monumental forms present both lacunae and a marked preponderance of cairns over earthen mounds which are in ill accord with the known or predicted...
Read the attached articles about the proposed merger of Xerox and Fujifilm. Utilizing your knowledge of...
Read the attached articles about the proposed merger of Xerox and Fujifilm. Utilizing your knowledge of external and internal analysis, business and corporate strategy, and corporate governance, please discuss the following questions: 1. What is the corporate strategy behind the merger of Xerox and Fujifilm? 2. Why did Xerox agree to the merger? Is this a good deal for Xerox? Discuss the benefits and challenges they face with the merger. 3. Why did Fujifilm agree to the merger? Discuss the...