MONEY

Money is used for buying or selling goods, for measuring value and for storing wealth. Almost every society now has a money economy based on coins and paper bills of one kind or another. However, this has not always been true. In primitive societies a system of barter was u…

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CINCINNATI SOCIETY MAY LEAD TO HEREDITARY CASTE

The objections of those who are opposed to the institution (Cinncinati Society) shall be brieftly sketched. You will readily fill them up. They urged that it is against the Confederation-against the letter of some of our constitutions-against the spirit of all of them;-that…

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EUROPEAN ADMIRATION FOR THE ACT OF RELIGIOUS FREEDOM

Jefferson letter to Wythe, 1786 Our act for freedom of religion is extremely applauded. The ambassadors and ministers of the several nations of Europe, resident at this court, have asked of me copies of it, to send to to their sovereigns, and it it inserted at full length …

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AGRICULTURALISTS ARE GOD’S CHOSEN PEOPLE

Jefferson notes on Virginia, Query 19 Those who labor in the earth are the chosen people of God, if ever He had a chosen people, whose breasts He has made His peculiar deposit for substantial and genuine virtue, it is the focus in which he keeps alive that sacred fire, whi…

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ADVENTAGES OF AN AGRICULTURAL OVER A COMMERCIAL ECONOMY

Jefferson letter to Jay, 1785 We have now lands enough to employ an infinite number of people in their cultivation. Cultivators of the earth are the most valuable citizens. They are the most vigorous, the most independent, the most virtuous, and they are tied to their coun…

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GOLD INVESTMENT FOR YOUR FUTURE

In order to understand economic behaviour we need to refer to specific goods and services. For example, when analyzing consumer expenditure and household decision-making it is convinient to classify commodities in such type as : food, clothing, home, vehicles, gold investme…

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