Commodity value its commodity value. A commodity value expressed as a price is determined by historical, social and cultural aspects of production and distribution. Karl Marx described price as the money-name for the labour realised in a commodity. A commodity value is dependent on its utility. Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat coins such as modern day quarters have a low commodity value. This is of particular
Populism in Latin America launch of the State-owned oil-company Petrobrás—that were the hallmark of Vargas' second term as Brazil's democratically elected president (1951–1954) and that led to his eventual suicide. In some countries, Populism has been fiscally supported in Latin America during periods of growth such as the 1950s and 1960s and during commodity price booms such as in oil and precious metals. Political leaders could gather followers among the popular classes with broad redistributive programs during these boom times. Conversely, in others countries, Populism has been historically associated with countering the relative decline of export agriculture with deficit spending and import-substitution policies aimed