ISS 315 Study Guide - Midterm Guide: Barbara Garson, Credit Theory Of Money, Money Supply
Document Summary
The birth of debt money and constructing the consumer. **things that did not use to have monetary value and now they do: nature: trees, lakes, mountains, child care, food preparation, education, freedom can be exchanged for money. Remaking consumption: 1870: 53% of us population lived on farms, people produced most of what they consumed, family capital invested in farming tools, some limitations, no electricity, no automobiles, money supply limited. : higher wages made ford workers into consumers of ford automobiles. Reconfiguration of time, space, and class: since the 1930"s, need of consumption, reordered people"s organization of time, changed living space, new spaces/events for consumption, creation of malls and suburbs. Chapter 2: the laborer in the culture of capitalism. Iii: production: the combination of labor power and means of production. Canada, or the us: started working in factories, mines, railroads (similarly to.
