SOSC 2340 Study Guide - Quiz Guide: Piece Work, Ibm Aix, Westminster Confession Of Faith
11 Dec 2014
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The protestant ethic and the spirit of capitalism: in the quotation from benjamin franklin (p. 14), money is said to beget money, and its offspring can beget more". Name two ways in which money begets itself? (n. b. you will need to read the whole franklin quotation on pages 14-15 to find the two ways). (2 marks) In the quotation from benjamin franklin, money is said to beget money, and its offspring can beget more"; there are two ways in which money begets itself. According to b. franklin the first way is said to be that, it is important to save and invest your money instead of simply spending it. Quoted by franklin five shillings turned is six, turned again it is seven and three pence, and so on, till it becomes a hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker (p. 14).
