The Chemistry Of Money

Did you know that some societies once used giant rocks for money? Why do some coins have holes in them? Will plastic soon replace paper currency? The history of money closely parallels the history of chemistry, with advances in material science leading to advances in our physical currency. From the earliest examples of money, through the rise of coins, paper, plastic and beyond, with excursions into corrosion and counterfeiting along the way, this book provides a chemist's eye view into the history of the cash in our pockets. Written in an accessible style that will appeal to the layperson and scientist alike, The Chemistry of Money will be sure to both enlighten and entertain. You will never look at money the same way again!

THE ROLE OF MONEY WHAT IT SHOULD BE, CONTRASTED WITH WHAT IT HAS BECOME By FREDERICK SODDY M. A. Oxon LL. D. Glasgow F. R. S. Nobel Laureate in Chemistry, 1921 Author of Science and Life Wealth, Virtual Wealth, and Debt Money versus Man etc. LONDON GEORGE ROUTLEDGE AND SONS, LTD. BROADWAY HOUSE 68-74 CARTER LANE, E. C. J 934 CONTENTS CHAP. PAGE I. THE PHILOSOPHIC BACKGROUND ERGOSOPHY i The Objective The Monetary System Obsolete The Community Standpoint Social Importance of Energetics Energy Theory of Wealth Ergosophy Wealth and Calories Marxism Obsolete Relation between Peoples and Govern ments Physical Interpretation of History The Truth about Materialism The Physical Origin of Progress The Doctrine of Struggle Modern Wars and National Debts The Real Struggle The Taboo on Scientific Economics Wars and Revolutions result from Wealth The Monetary System impedes the Flow. II. THE THEORY OF MONEY VIRTUAL WEALTH . . . . V 24 . - . What is Money Barter and Barter-Currencies v Paper Money Bank-Credit The Private Issue of Money Monetary Policy What gives Value to Money Two Fundamental Monetary Principles Virtual Wealth The Communitys Credit Credit money a Tax Backed Money Money a Claim to what does not Exist The Price-Level Money from the Issuers Standpoint Money not now a Tangible Token Changeover from Barter to Credit Money The False Step Why was it False The Profit, of tfye, . Issue of Money Money In destructible without Expropriation. III. THE EVOLUTION OF MODERN MONEY . 56 The Origin of the Cheque Government Regulation of Banking-VLending Cheque books Genuine and Fictitious Loans Current Account VI CONTENTS CHAP. PAGB Deposits Why Cheque Money is preferred to Tokens The Gold-StandardThe Correct Procedure The Credit or Trade CycleHow the Losses are Distributed Fraudulent Monetary Terminology The Gold Drain The Govern ments Connivance The Cunliffe Committee Deflation The Abortive Return to Gold True blue Treason The 1928 Act What is Genuine Money To-day IV. MONEY AS IT Now Is . .86 Monetary Illusions A Distinction without a Difference The Vested Interest in Creating Money Open Market Operations Cash I Banks now Create Money for Themselves to SpeHa The Banker as Tax-gatherer The Sprat to catch a Mackerel Banks give no Security Whatever The Time-element of Money The Circulation of Money The Value of Money or Price-level Some Monetary Factors A Grain Currency Economizing in the Use of Money now Fallacious Money Tokens or Book Credit Should Money-lending now be Permitted Physical Absurdity of Short-term Lending Current Accounts and Time deposits How the Banker avoids His Own Trap. V. INTERNATIONAL ECONOMIC RELA TIONS 116 Bad Money Embroils the Nations International Banking Money at Call and Short Notice How the International Banker rules the World Money is National not International Debt Importers pay Exporters of their Own Nation The Balance of Trader-Effect of Loans and Repayments The Foreign Exchanges Gold-Standard drags all Nations down to Level of Lowest Effect of freeing Foreign Exchanges Correct Use of Gold. VI. PHYSICAL REQUIREMENTS OF A MONEY SYSTEM . . . .135 Money in the New Economics There is now no Shortage of Wealth Motive The Existing CONTENTS Vll CHAP. PAGE Wealth Consumption for Production and for Leisure Consumable and Capital Wealth Capital Debts not Repayable Energy Con siderations Productive Capital not Distribut able Capital under Communism and Individualism All Costs of Production are Distributed to Consumers Production for Con sumers Production for Producers The Accumulation of Debts Solution of the Un employment Problem Cost of Increasing Pro duction not Repayable The Quantity of Money cannot be Calculated The Price Index determines the Quantity of Money The Wasteful Costs of Distribution The Role of Money summarized. VII. DEBTS AND DEBT REDEMPTION ...

A fascinating examination of the controversial work of Harvey Wiley, the founder of the pure food movement and an early crusader against the use of additives and preservatives in food. Though trained as a medical doctor, chemist Harvey Wiley spent most of his professional life advocating for "pure food"—food free of both adulterants and preservatives. A strong proponent of the Pure Food and Drug Act of 1906, still the basis of food safety legislation in the United States, Wiley gained fame for what became known as the Poison Squad experiments—a series of tests in which, to learn more about the effects of various chemicals on the human body, Wiley's own employees at the Department of Agriculture agreed to consume food mixed with significant amounts of various additives, including borax, saltpeter, copper sulfate, sulfuric acid, and formaldehyde. One hundred years later, Wiley's influence lives on in many of our current popular ideas about food: that the wrong food can kill you; that the right food can extend your life; that additives are unnatural; and that unnatural food is unhealthy food. Eating—the process of taking something external in the world and putting it inside of you—has always been an intimate act, but it was Harvey Wiley who first turned it into a matter of life or death. In The Chemistry of Fear, Jonathan Rees examines Wiley's many—and varied—conflicts and clashes over food safety, including the adulteration of honey and the addition of caffeine to Coca-Cola, formaldehyde to milk, and alum to baking powder. Although Wiley is often depicted as an unwavering champion of the consumer's interest, Rees argues that his critics rightfully questioned some of his motivations, as well as the conclusions that he drew from his most important scientific work. And although Wiley's fame and popularity gave him enormous influence, Rees reveals that his impact on what Americans eat depends more upon fear than it does upon the quality of his research. Exploring in detail the battles Wiley picked over the way various foods and drinks were made and marketed, The Chemistry of Fear touches upon every stage of his career as a pure food advocate. From his initial work in Washington researching food adulteration, through the long interval at the end of his life when he worked for Good Housekeeping, Wiley often wrote about the people who prevented him from making the pure food law as effective as he thought it should have been. This engaging book will interest anyone who's curious about the pitfalls that eaters faced at the turn of the twentieth century.

The importance of industrial chemistry Chemistry is a challenging and interesting subject for academic study. Its principles and ideas are used to produce the chemicals from which all manner of materials and eventually consumer products are manufactured. The diversity of examples is enormous, ranging from cement to iron and steel, and on to modern plastics which are so widely used in the packaging of consumer goods and in the manufacture of household items. Indeed life as we know it today could not exist without the chemical industry. Its contribution to the saving of lives and relief of suffering is immeasurable; synthetic drugs such as those which lower blood pressure (e. g. /3-blockers), attack bacterial and viral infections (e. g. antibiotics such as the penicillins and cephalosporins) and replace vital natural chemicals which the body is not producing due to some malfunction (e. g. insulin, some vitamins), are particularly noteworthy in this respect. Effect chemicals also clearly make an impact on our everyday lives. Two examples are the use of polytetrafluoroethylene (polytetrafluoroethene Teflon or Fluon) to provide a non-stick surface coating for cooking utensils, and silicones which are used to ease the discharge of bread from baking tins. It should also be noted that the chemical industry's activities have an influence on all other industries, either in terms of providing raw materials or chemicals for quality control analyses and to improve operation, and to treat boiler water, cooling water and effiuents.

Linus Pauling was the most important chemist, and arguably the most important American scientist, of the 20th century. From his description of the chemical bond to his discovery of the cause of sickle-cell anemia and his groundbreaking work with vitamin C, his work stretched the boundaries of chemistry, physics, biology, immunology, and more. Acclaimed science writer Tom Hager brings Pauling's wide range of scientific accomplishments vividly to life while also shedding light on Pauling's activities outside the scientific realm. He shows how Pauling used his popularity to advance political causes, particularly his opposition to the spread of nuclear weapons during the 1950s. Despite the troubles his political activism caused him, he remained unmoved in his dedication to making the world a safer place. His perseverance was rewarded with a Nobel Peace Prize in 1963, which along with his 1954 Nobel Prize in Chemistry, made him the only person in history to win two unshared Nobels. Oxford Portraits in Science is an on-going series of scientific biographies for young adults. Written by top scholars and writers, each biography examines the personality of its subject as well as the thought process leading to his or her discoveries. These illustrated biographies combine accessible technical information with compelling personal stories to portray the scientists whose work has shaped our understanding of the natural world.

From advice columnist Meredith Goldstein, a dazzling, romantic, and emotionally resonant YA debut about a teen science whiz in Cambridge, Massachusetts, who tries to crack the chemical equation for lasting love and instead wreaks havoc on herself and the boys in her life. For seventeen-year-old Maya, the equation for happiness is simple: a dream internship at MIT + two new science nerd friends + a perfect boyfriend = one amazing summer. Then Whit dumps her out of the blue. Maya is miserable until she discovers that her scientist mother, before she died, was conducting research on manipulating pheromones to enhance human attraction. If Maya can finish her mother’s work, maybe she can get Whit back. But when her experiment creates chaos in her love life, she realizes that maybe love and loss can’t be understood using the scientific method. Can she learn to trust the unmeasurables of love and attraction instead?

Learning the fundamentals of chemistry can be a difficult task to undertake for health professionals. For over 35 years, this book has helped them master the chemistry skills they need to succeed. It provides them with clear and logical explanations of chemical concepts and problem solving. They’ll learn how to apply concepts with the help of worked out examples. In addition, Chemistry in Action features and conceptual questions checks brings together the understanding of chemistry and relates chemistry to things health professionals experience on a regular basis.

The continued greening of the energy sector, with inroads being made through numerous sources of materials that can produce energy, is the main focus of this, Green Chemical Processing, Volume 8. It includes contributions from area experts in widely different fields, all involved in energy production, and makes connections to the 12 Principles of Green Chemistry.