Describe fiduciary paper money


Problem: In the text, Gere explains that "...fiduciary paper money started the process completed by fiat money, of turning money into a pure sign," (Gere, 32). From the reading, we know that Americans mocked the idea of paper money and its signified value when first introduced. Discuss one item or service where the signified value has drastically changed. Do you think this value or representational transition is justified and how did you feel when that change took place?

 

 

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