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Explain Robert Merton's strain theory,and recreate his typology of deviance that can arise from strain,including the reaction to goals and means.Illustrate each with an example.
Commodity Money
Money that has intrinsic value because it is made of materials that hold value, like gold or silver.
Fiat Money
Currency that a government has declared to be legal tender, despite it having no intrinsic value and not being backed by physical commodities.
Intrinsic Value
The inherent worth of an asset, independent of its market price, often based on what is fundamentally valuable about the asset.
Media Of Exchange
Objects or instruments used to facilitate the sale, purchase, or trade of goods between parties.
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