Friday, November 4, 2011

POW Camp ( November 4th, 2011 )

The article discussed how the economies are starting by selling products like cigarettes and small goods in order to make a transaction at the POW camps. Goods were being traded but there was no amount for that money to be accounted for. It was based on products and what others viewed with as their value of it.The development of the economy was very different from other emerging economies. Since there were normal markets that had developed around the use of money, it was not as necessary in order to become a strong economy. The example was used in the POW camps to explain how there were small materials used in a market economy and build a economy all around it.

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