Money Money Money
A coin made of different layers
Clad Coin
reducing the value of a coin by reducing the amount of precious metal in it
Debasing
when the supply of something goes up, the price per unit of that thing goes down. When the supply goes down, the price goes up.
The Law of Supply and Demand
The law that provides for punishment of anyone who refuses to accept legal tender money
Legal Tender Law
The speed at which money changes hands
velocity
The purity of a precious metal
Fine
A government program for giving tax money away, usually to rich people or large companies
Subsidy
An increase in the amount of money being circulated, this causes the money to lose value so prices rise
Inflation
Hyperinflation, prices rising rapidly, every few hours.
Runaway Inflation
Shares of ownership in a company
Stock
A none precious metal like copper of nickel
Base Metal
A government program for giving money away money or goods, usually to poor people
Welfare Program
a one ounce ingot of silver
dollar
The beginning of a depression that never never went all the way
Recession
Prosperity followed by recession, followed by prosperity, followed by recession, followed by prosperity... and so forth
Business cycle or Boom OR Bust cycle
A disk or metal which can be used as a substitute for a coin
Token
Shaving the edges of a coin in order to get some precious metal from the coin.
Clipping
the most easily traded thing in a society
money
The correction period following an inflation. Usually includes a lot of business failures and unemployment
Depression
The primary tool necessary to produce what others want to buy
Job
Price Increases rising at 10-99 percent per year due to inflation
Double - Digit Inflation
A law of economics that says bad money drives good money our of circulation
Gresham's Law
Today it is paper money. Originally it was an IOU from a bank, usually backed by silver or gold.
Bank Note
A decrease in the amount of money, usually cases depression and falling prices
Deflation
Consists partly of coins and bills, but most of it is money deposited in Federal Reserve Banks
Monetary Base