Show what is money money is is a circulating medium made of metal or paper of use i in trade strade and business tran transactions fact it is generally considered as representative the united states have more property value than have any other nation per capita but there are nations having mure more money per capita than hae bao ohve united states and the money system of the united baates has for many years been considered the most elastic and uncertain of that of any other civilized nation our cut currency rency is founded on an all bearing debt it if there was any way to find and out how much interest is paid in an the united states every year the fl figures 0 would paralyze para par alize liae men jt it would bo discovered des covered that a v st host of the people work f from rom the cradle to the grave merely to pay interest to those who collect i interest ri terest when the government overn mant was f framed rai n P d the constitution provided that the money of the coant ry should be gold and silver I 1 congress con gess should have au thorit y to coin the same sama and declare the value thereof this was in accordance with the idea which has always prevailed that while gold and silver were measures of value they were such measures solely because of their intrinsic worth when the hs civil war came on the gold went in hiding there was not silver enough to carry on the government this was understood by the by the gold owners who then loyally offered to lend money to the government on a very high interest president lincoln said we will not pay such unreasonable interest we will make green backs so paper money was made and became principal cirou circulation lation medium a and aad ad was good as such until cou congress gress as se servant vant of the money lenders passed an act depreciating the paper money after the war and while this paper was wasat at an immense discount measured by gold aud and silver congress to gi give ve it stability passed a law that all t e bonds should shoud be redeemed in specie which meant both gold and silver A little later it passed another law demonetize ing silver which made all the boods redeemable in gold it was a rol robbery bery in the history of the world and known in american toli political and financial history as the crime of 1973 but the country struggled out f from rom under it after a while out from under the awful losses caused by that legislation and got gob the bearing debts bets of the country so nearly paid up that the gathers became alarmed so in Clev elands reign they prevailed upon him to issue more bonds to the amount of which answered their purpose for a while subsequent congressional M measures passed havi hav all been in favor of the inte interest rost collect ors and the promulgation of a now new currency system now be forea fore a committee 0 on rj finance of which mr aldrich is chairman is being antici anticipated anticipate pat ed with some anxiety |