money makes the world go round opinion essay

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Money Makes The World Go Round (Argumentative Essay Sample)

Money makes the world go round.

One of the popular sayings you hear today is that money rules the world, in today’s society if you have money it is true that you can get anything you have ever imagined of having.  Have you ever imagined living without money? It is not possible for people to survive without money. Money makes life easier there is no doubt that with money you can do miracles. Money not only makes life easier, but also makes life meaningful. Money gives us joy and it helps us turns our dreams into reality. Even though money cannot solve all our problems, it is a panacea for most of our problems.

It is well known that a wealthy person is respected and have many friends. Even though some people downplay the importance of money, they all agree that without money, the world can come to a standstill. To understand the importance of money, picture a situation where you do not have money, but you need to buy something important. You will feel frustrated because you cannot afford it.  I do believe that money makes the world go round because it acts as a motivator. Humans naturally want to be recognized and feel important. People who have money are considered as successful and highly respected. The desire for respect and success makes money an important element in our lives.

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With money,   anyone can afford a good life this means you can buy a good house get a better education and have higher chances of succeeding in life.  If you do not have money, you will not access the best services you want. With the increased cost of living, everything is costly. If you do not have enough money, you cannot afford the basic services like health care.

Even though other people view money as the sources of all conflicts in the world like wars, the need for money has facilitated newer inventions and a better world.  Money is an indispensable force for humans, it facilitates intellectual evolution, which pushes people to want to have money and excel in life. Inventing something new and unique means having more money, hence being recognized.  Such invention gives an individual access to more money and fame that comes along with having money.

One cannot doubt the role money plays in our society today; money drives almost everything. People work hard to get money, and others kill for it. Most people work to accumulate wealth, but out of obsession, some people risk their lives and dignity, getting into crime to obtain money. That is why people view money as the cause of all evil in the society. In reality, money is the root source of all the functionality in the world. If you do not have money, you cannot properly move around or be comfortable.

It is true that money makes the world go round because it facilitates invention and progress in various fields.  People felt comfortable and contented with life by having money. Therefore, money is one of the crucial elements in human life. Most people argue that money makes the world go round while another look at money as the root of all evil; money is still a necessary because it rules the world and makes life easier. Money presents many benefits to humans than we can imagine.

Home — Essay Samples — Economics — Money — Why Money Rules the World

Why Money Rules The World

• Categories: Consumerism Money

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Words: 521 |

Published: Jan 31, 2024

Words: 521 | Page: 1 | 3 min read

Table of contents

Historical perspective, economic dominance, social influence, political control, environmental impact.

• British Museum. "History of Money." https://www.britishmuseum.org/.
• World Inequality Database. https://wid.world/.
• American Psychological Association. "Consumerism and its discontents." https://www.apa.org/.
• Center for Responsive Politics. "OpenSecrets: Data on Money in Politics." https://www.opensecrets.org/.
• United Nations Environment Programme. https://www.unep.org/.

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Essays About Money: Top 5 Examples and 6 Prompts

With money comes great power; however, power must always come with responsibility. Discover thought-provoking essays about money in our guide.

Money is everywhere. We use it to eat, drink, clothe ourselves, and get shelter, among many other uses. Nowadays, it is an undisputed fact that “money makes the world go round.” The earliest known form of money dates back to around 5,000 years ago ; trade was previously carried out using a barter system. However, over the centuries, more and more nations began implementing a currency system, and money has become more critical. 

In the contemporary world, it seems to be “all about money.” However, it is important not to lose sight of what is important; we must maintain good physical and mental health and healthy relationships with the people around us. Money is necessary; it is just not the only thing necessary. To start your essay, read these examples to write insightful essays about money. 

5 Top Examples On Essay About Money

1. essay on money by prasanna, 2. how money changed human history by jacob wilkins, 3. capitalism: money that make money by ernestine montgomery, 4.  is money the most important thing by seth higgins.

• 5. ​​An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

1. good uses for money, 2. the “dark side” of money, 3. money’s role in history, 4. morality vs. money, 5. can money buy happiness, 6. how to save money.

“Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money”

This essay gives readers a general outlook on money and its advantages and disadvantages. It gives people equal opportunity to work for their dreams and motivates them to be productive members of society, while it also raises the question of greed. Money, without a doubt, has its positive and negative aspects, but it exists and is only becoming more critical.

“But the barter economy was flawed. There was no universal measure for determining the value of an item. It was all based on the subjective opinion of the individuals involved. And to make matters worse, the barter economy relied on both sides wanting something the other had to offer. Trade, therefore, could be sluggish and frustrating. Human beings needed something different, and money was the answer.”

Wilkins writes about how money revolutionized the way trade was conducted. The barter system involved trading any objects if both parties agreed to a deal, such as trading animal skins for fish or medicine for timber. However, the only measure of an item’s value was how much one party wanted it- both sides needed to have something the other wanted. The introduction of money allowed people to put a solid value on commodities, making trade easier.  

“So, if you were to closely observe the dirty, disordered canvas of economic progress during the 20th and 21 st century, you should conclude that, for all its warts, capitalism has been the winner. It has sometimes caused pain; suffered from serious cycles; and often needed the clout of the state- such as we have seen from September 2008. It has also been quite resistant to sensible regulation. Even so, the basic institutions of capitalism have worked, not just in the US and the OECD (Organization for Economic Co-operation and development) nations, but also many developing countries, of which India is one.”

Albeit lengthy, Montgomery’s essay discusses the debate between socialism and capitalism, a topic of which money is at the core. Montgomery describes Karl Marx’s criticism of capitalism: all the money goes to a few people, not the workers. She believes these are valid to an extent and criticizes certain forms of capitalism and socialism. Neither capitalism nor socialism is perfect, but according to Montgomery, capitalism creates a better economy. 

“Being the richest man in the world does not mean you are the happiest man in the world, although money can buy you happiness sometimes, but not always. If we could all appreciate the way life is, the fun, and the beauty I think the world would be better. If people weren’t power hungry maybe we’d have a lesser demand for money. Those people who is money hungry and power hungry need to relax. Money can’t buy you happiness. These individuals need to understand that.”

Higgins implores readers to remember that money is not the only thing people need in the world. He stresses the necessity of money, as it is used to pay for various necessary goods and services; however, he believes it is not a prerequisite for happiness. Material things are temporary, and there are other things we should focus on, like family and friends. 

5. ​​ An Introduction to Saving Money by Jeremy Vohwinkle

“A financial emergency may take the form of a job loss, significant medical or dental expense, unexpected home or auto repairs, a hurricane or major storm, or something unthinkable, such as a global pandemic. The last thing you want to do is to rely on credit cards with their hefty interest fees or to be forced to take out a loan. That’s where your emergency fund can come in handy. Historically, the formula for an emergency account is to have enough readily available cash to cover three to six months of living expenses.“

Vohwinkle’s essay gives readers some suggestions on how to save more money. Most importantly, he suggests setting up an emergency fund, as all other saving techniques stem from there. He also suggests creating an automatic savings plan and cutting down on “spending leaks,” like buying coffee. You might also be interested in these essays about celebration .

In this essay, write about why money is necessary and the ways to use it for the greater good, and include ways in which it can be used (investing, donating, etc.). For each point, you make, be sure to explain why. Of course, this is entirely subjective; feel free to write about what you consider “good uses” for money. 

On the other hand, money also has a negative side —research on money-related issues, such as taxpayer-funded corruption and trading of illegal goods. In your essay, explore this side of money and perhaps give solutions on how to stop these problems. 

Money has played a progressively more important role throughout human history. Discuss the development of currency and the economy, from the barter system to the digital world we live in today. You need not go too in-depth, as there is a lot of ground to cover and many eras to research. Be sure to cite reputable sources when discussing history. 

Many people warn of “selling your soul” for financial gain. In your essay, you can write about the importance of having solid values in this day and age, where money reigns supreme. What principles do you need to keep in mind? Explain how you can still value money while staying grounded; mention the balance between material needs and others. 

As stated in Higgins’ essay, more people have begun to prioritize money over all else. Do you believe that money is truly the most important thing? Can it alone make you happy? Discuss both sides of this question and choose your position accordingly. Be sure to provide precise supporting details for a stronger argument. 

Enumerate tips on how you can save money. Anything works, from saving certain things for special occasions to buying more food in the grocery rather than eating out. This is your opinion; however, feel free to consult online sources and the people around you for extra advice. 

For help with your essays, check out our round-up of the best essay checkers .If you’re still stuck, check out our general resource of essay writing topics .

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Money Makes the World Go Round Argumentative Essay

The author believes that although money is important in our current world economy, it is not the driving force in their life. They value hard work, dedication, and supporting their family and community. They acknowledge that money is necessary to survive but they will never be dishonest to get it. They believe that success cannot be fully measured by the amount of money one makes but rather by being a valuable contributing part of one’s community and society. Without money, their values and priorities would remain the same, but they would have to dedicate more time and effort to take care of their family and provide basic necessities. They would gladly trade all the money in the world for the joy of spending time with loved ones.

They say that money makes the world go ‘round, but I’d have to disagree.  Although our current world economy thrives off of selling natural resources and other items for currency, if there were no such thing as money, my life would still exist and I would still hold most of the same values dear to my heart as I do now, although I would definitely be a busier person.

The way the world functions now, barter and hard work are limited to certain areas of the world, and have little or no effect on the global economy.  If money did not exist at all, these systems were in place, I still think that there surely would be some form of exchange that would signify class distinctions, as people are naturally greedy.  Something would replace money, be it land or livestock, or even people, as past generations have used.

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Money is not necessarily a driving force in my life; rather, I strive for success.  I believe that success cannot be fully measured by the amount of money that one makes.  Success is being able to take care of oneself and family and being a valuable contributing part of ones community and society.  I am a hard worker, and everything I get, I get on my own.  I work for it.  I am  concerned about the welfare of my family, community, and world, and do my best to reduce my negative impact on anyone or anything in my environment.

Without money, I would still have the same values that I hold dear to my heart because my family has never been financially rich.  We sometimes went without and have seen our share of hardship.  I know that hard work and dedication and support of your family and community is more important than a wallet full of money.  However, having no money also involves a lot of work and ingenuity.

Without money, I would have to dedicate more of my time to taking care of my family by working the land, raising animals, and providing essentials such as heat.  Without money, this is time consuming and extremely hard work.  I would not be able to enjoy some of the things I currently enjoy, unless we were living in a perfect world where everything was free.  Knowing that this world does not exist, I would gladly trade all the money in the world to spend time with my grandmother and hear her stories of her life or listen to my mother sing or read or watch the joy in cousin’s eyes as they learn something new.

There is nothing like humanity.  Not even money.  But we do live in a world of money, and I try hard not to be tainted by the temptations of greed.  I know that in our world, it takes money to survive, and I can make what I need to survive through hard work.  I will never be dishonest to get money, and I will always remember that without it, I’d still have what I hold dear; my family and my values.

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Money Makes The World Go Round Essay

[pic] [pic] [pic] Money Makes the World Go Round By, Chris Jarrett 4-11-11 Period 3 Money makes the world go round. If you know how to deal with money, you’re probably better off than someone who doesn’t. There are three significantly influential economists that helped change the way we look and think about money and the economy; Adam Smith, John Keynes, and David Ricardo. These men all came up with economical theories that we still study today, including the Invisible Hand, Government Intervention, Theory of Rent, and various others.

Adam Smith who lived in Scotland during the 1700s thought of many different economical theories. One of them was the Invisible Hand. The Invisible Hand theory boils down to saying that the economy will adjust to the needs of buyers and sellers over time. “The theory of the Invisible Hand states that if each consumer is allowed to choose freely what to buy and each producer is allowed to choose freely what to sell and how to produce it, the market will settle on a product distribution and prices that are beneficial to all the individual members of a community, and hence to the community as a whole.

(Wikipedia). Adam Smith didn’t agree with government intervention. He thought that the government should not be involved in the economy system and that people should fend for themselves, kind of like they do today in Hong Kong. Adam Smith’s idea of self interest states that “in the act of observing others makes people aware of themselves and the morality of their own behavior.

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” (Wikipedia). In other words, that means that when people study and look at other people’s choices and actions, they are able to become more aware of themselves and make better choices.

To Make The World Go Round

All in all, Adam Smith was an economist that had great ideas that are still being talked about today. Another recognisible economist is John Keynes. While Adam Smith was against government intervention. Keynes was for it. He explains that without government intervention, the economy would stay trapped with low emloyment. In a way, Keynes is correct because the government helps provide many things that are much needed. The government employs all of the city workers such as teachers, firemen, policemen, anad politicians.

The government also helps some large companies from going bankrupt by providing money for them to keep operating. Keynes also explains that the government can help reduce unemployment levels by creating more jobs. To summarize, John Keynes was an econimist who mainly thought the government should interven when needed. A final inportant economist is David Ricardo. Ricardo had a lot of ideas about trade and international trade. He believed that trade could not hurt an economy, but only benefit it.

He says that there should be no restrictions on trade, that people should just leave it to compitition. Ricardo also came up with an idea about rent. He states that rent is “the difference between the produce obtained by the employment of two equal quantities of capital and labour. ” (Wikipedia). This basically means that when there are multiple properties, rent will be charge on the more expensive ones, rather than the cheaper ones.

In a word, Ricardo was an exception economist that had many ideas about trade and rent. Out of all these economists, the one that I would agree with the most would have to be John Keynes. His ideas about government intervention are reasonable and practible. I believe that the governmen t is here to help us, especially in complicated areas such as the ecomony. The government should help companies that are about to go bankrupt because they’re not just helping the company, but theyt are helping the workers.

I think that all schools should be taught about all three of these economists, but mainly about John Keynes. Money is everywhere. Everything you use, eat, or touch was bought with someone’s hard earned money. In today’s tough economy, it is important to learn and study how money and economics work. That is exactly what Adam Smith, John Keynes, and David Ricardo did hundreds of years ago when they came up with their theories, and that is exactly what economisists are doing today. Bibliography Wikipedia. Web. 10 Apr. 2011. .

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The New York Times

The learning network | money makes the world go ‘round.

Money Makes the World Go ‘Round

Note: This lesson was originally published on an older version of The Learning Network; the link to the related Times article will take you to a page on the old site.

Teaching ideas based on New York Times content.

• See all lesson plans »

Overview of Lesson Plan: In this two-day lesson plan, students examine what a basic unit of currency means and how it affects world finances. On the first day, students consider the value of the American dollar in light of its devaluation on the global market and gain a deeper understanding of the terms used to describe this economic situation. On the second day, students consider events that may shape the global economy and create board games utilizing their knowledge of foreign currencies and world economics.

Author(s): Michelle Sale, The New York Times Learning Network Javaid Khan, The Bank Street College of Education in New York City

Suggested Time Allowance: two 1-hour periods

Objectives: Students will: 1. Analyze the value of a base unit of currency, such as the American dollar, and compare currency exchange values. 2. Consider the global concerns of the American dollar’s decline by reading and discussing the article “U.S. Faces More Tensions Abroad as Dollar Slides.” 3. Explore definitions for economics terms relating to the global economy and create a class-compiled glossary. 4. Examine the currencies and economies of an assigned country. 5. Participate in a class discussion about how various events may or may not impact a global economy. 6. Create a board game illustrating their understanding of currency valuation and the workings of a global economy.

Resources / Materials: -student journals -pens/pencils -paper -classroom board -an American dollar (or an image of an American dollar) -copies of the article “U.S. Faces More Tensions Abroad as Dollar Slides” found online at //www.nytimes.com/learning/teachers/featured_articles/20050126wednesday.html (one per student) -resources about economic terms (economics textbooks, computers with Internet access) -large sheets of construction paper or poster board (one per student pair) -markers (enough for students to share) -string (to tie compiled glossary book together) -two large pieces of paper, each with one of the following statements written in large letters: “Greatly Affect,” “No Effect”

Activities / Procedures: DAY ONE 1. WARM-UP/DO NOW: Show the class an American dollar. As a class, briefly discuss the following questions (written on the board prior to class): “What is this? What is it worth? How do you know? What makes it valuable?” With a show of hands, have students give their opinion on the value of the American dollar in each of the following countries: Japan, Argentina, France, and Canada. Then show students a chart ( //www.nytimes.com/imagepages/2005/01/25/learning/26dollar.html ) comparing the American dollar to the currencies of other countries. What makes a country’s unit of currency more valuable in one country than another? How does a country’s economy make a unit of money, such as the American dollar, more or less valuable? What factors in a country contribute to the rise and fall of a base monetary unit? 2. As a class, read and discuss the article “U.S. Faces More Tensions Abroad as Dollar Slides” ( //www.nytimes.com/learning/teachers/featured_articles/20050126wednesday.html ), focusing on the following questions: a. What dominated President Bush’s first term in office? b. What currency is at the center of a potential economic crisis? c. What countries are complaining about the weakness of the American dollar? d. According to Treasury Secretary John W. Snow, what should give foreigners the comfort they seek regarding the American dollar? e. How large is America’s deficit? f. What do officials in Asia and Europe say about the Bush administration’s actions regarding currency in the global market? g. Deficits aside, what does Mr. Snow believe about the state of American economics in the global market? h. What issues does the article mention as concerns Mr. Bush may favor over deficit reduction? i. According to C. Fred Bergsten, what could happen if the deficit grows much larger? j. What are foreign investors continuing to do, despite the weakening of the American dollar? k. According to Daniel J. Ikenson, how do American growth rates compare with Europe and Japan? l. According to the article, how is the U.S. Treasury Department viewed today? How was it viewed ten years ago? m. Why is the United States dependent on China? n. What organization did China join at the end of the Clinton administration? o. According to Hideo Kumano, why can’t China replace the United States (or Europe or Japan) as the leading economic power? p. According to John B. Taylor, why isn’t the Bush administration that worried about global economics? 3. Divide students into pairs. Explain that each group will be designing an oversized page for a class-compiled glossary of economic terms that help to define the value of currency, such as the American dollar. Assign each group a word or phrase, such as recession and economic growth, treasury, economy and global economy, dollar, currency, and currency exchange, currency floating and currency linking, deficit and deficit reduction, surplus, gross national product, gross domestic product, import and export, interest rates, trade gap, revenue, inflation, market, hedge fund, growth rate, etc. For each term or group of words, include some or all of the following (written on the board for easier student access): -basic definition -relationship to other economic terms -current information regarding your own country’s economy (for example, if your assigned word is “deficit,” provide information about your country’s current deficit) -an example illustrating your concept If time allows, each pair should present their assigned term or group of words to the class and answer any clarifying questions. Before leaving class, assign each student a country with an economy tied to the United States’, such as China, Japan, Germany, France, Brazil, Turkey, Canada or Mexico. 4. WRAP-UP/HOMEWORK: Individually, students research general information about economy and currency of the country they were assigned in class. Students should come to the following class prepared with notes including the following information (written on the board or copied into a handout for easier student access): -name of country -name of currency -comparison of currency to American dollar and two other popular currencies, such as the British pound, European Union euro, Japanese yen or Chinese yuan -list of top exported goods -list of top imported goods -list of countries most dependent upon economically and why -gross national product -gross domestic product -current deficit or surplus -recent national or global events that may have impacted the country’s economy DAY TWO (To begin after students finish homework from Day One) NOTE TO TEACHER: Before class, hang the two “statement” posters on opposite sides of the room. Because students will be moving around to stand along a continuum between the two statements with which they most agree for different scenarios related to currency and the global economy, be sure that students have clear paths in the room to reach each extreme along the continuum. 1. WARM-UP/DO-NOW: Explain to students that they will be expressing their views on different scenarios that you will be reading to them regarding events or situations that may or may not affect a global economy. Point out that each side of the room has a sign that states to what degree students agree or disagree with an event or situation. For each of the events and situations below, read the item aloud and allow students to move to the location on the imaginary continuum line between the two extreme statements that best expresses their views on the event or situation. As students take their places, write the item on the board. Then, ask at least one student in each location along the continuum to share his or her choice. Please encourage students to clarify their responses by explaining how they think the scenario would affect the global economy. -civil war -international war -major natural disaster -minor natural disaster -$600 billion dollar national debt -regime change 2. Divide students into groups of four by joining two pairs from yesterday’s class. Explain that each new group will be creating a board game based on the concepts behind a global economy. In addition to the research they conducted on a specific economic term and on a particular country’s currency, encourage students to refer to current events and their other knowledge of economics to value and devalue currency in light of particular events, such as war, natural disasters and changes in political leaders. Students may do further basic research if necessary, and they should consult the class-compiled glossary book as well. Encourage groups to consider various game formats, such as classic board games (Risk or Life) or interactive strategy games (Sid Meier’s Civilization). For example, a game may assign each player a particular country, and the goal may be to keep that country out of debt and to develop a strong national economy while interacting with the global market. 3. WRAP-UP/HOMEWORK: Groups should complete their games and prepare instruction booklets in preparation for a Global Economy Game Day to be held in a future class.

Further Questions for Discussion: -How is money valued? -What value do you place on money? Why? -Should small change, like the penny, be eliminated? Why or why not? -Why do other countries care about currencies from other countries? -Why do nations accrue debt? -What causes nations to go into debt? -Should a nation in debt be allowed to lend money to other countries? Why or why not? -How is economics related to global politics? -How does an American deficit make American goods more competitive in the global market?

Evaluation / Assessment: Students will be evaluated based on participation in class and group discussions, completion of glossary pages, thorough research of assigned country’s currency and economics, collaboration with other students on board games and the thoughtfulness and accuracy of their board games.

Vocabulary: tensions, agenda, allies, confrontation, plunge, friction, reverberate, deficits, sentiments, solace, gradual, contend, marshal, robust, surging, entrepreneur, vastly, envy, scapegoat, tensions, stagnation, inflation, grapple, juncture, transformation, hedge, persistent, trajectory, exceeded, unilateralism, magnitude, preventive, insurgency, metaphor, conflagration, accord, akin, mantle, skepticism, ideological, cope, volatility

Extension Activities: 1. Research the value of the American dollar, the Japanese yen, the Chinese yuan, the British pound, and three more currencies of your choice. On a chart, record the values for each 25 years ago, 15 years ago, ten years ago and five years ago. In an oral report, present your findings, as well as a brief explanation for how the values of each currency has increased or decreased over time. 2. Compile a timeline of China’s economy over the past 25 years. What were the biggest economic developments and pitfalls? What were the most significant imports and exports? 3. Create a chart comparing the wars the United States had engaged in Iraq and Afghanistan. How much was spent on military? How much was spent on rebuilding? Based on your research, do you believe the government has spent enough? Too much? The right amount? Why? How is economic value given to such a war? 4. Design a new paper bill for your country. What images, colors, symbols or words would you use? Create a public service announcement showcasing your design.

Interdisciplinary Connections: American History – Write an essay outlining the role the United States has played in creating and sustaining a global market. Begin your research with information gathered from the article “U.S. Faces More Tensions Abroad as Dollar Slides.” Language Arts – Write a position paper supporting or refuting the statement “Washington has retreated from efforts to marshal the biggest economies of the world into a mutual effort at more robust and balanced growth.” In your own words, what does this mean? Has President Bush taken enough action to strengthen the dollar? What does the administration have to gain or lose with a weakening dollar? What role should the United States have in the global economy? Media Studies -Create an advertisement encouraging fellow citizens to support your country’s economy. What products or goods should they buy? How can they tell if they are authentic? What brands should they look for? Come up with a catchy slogan or recognizable logo to put on your advertisement. -Create a television commercial selling the game you created during class. Teaching with The Times – Read the World Business section for two weeks and then report to the class what countries are making headlines. Specifically, focus on which companies inside of those countries are gaining or losing ground, and other significant economic stories. What will the impact be on the global economy? To order The New York Times for your classroom, click here . Technology – Convert the game created during class into an online game that can be played with people in different regions or countries. Give a demonstration in class.

Other Information on the Web: Currency exchange rates from the Federal Reserve Bank in New York, as well as charts showing the fluctuation in value as compared to the American dollar, can be found at //www.x-rates.com/ .

Academic Content Standards: Grades 6-8 Economics Standard 10- Understands basic concepts about international economics. Benchmarks: Knows that exports are goods and services produced in one nation but sold to buyers in another nation; Knows that imports are goods or services bought from sellers in another nation; Understands that international trade promotes greater specialization, which increases total world output, and increases material standards of living; Understands that extensive international trade requires an organized system for exchanging money between nations; Knows that despite the advantages of international trade, many nations restrict the free flow of goods and services through a variety of devices known as “barriers to trade” for national defense reasons or because some companies and workers are hurt by free trade; Understands that increasing international interdependence causes economic conditions and policies in one nation to affect economic conditions in many other nations Geography Standard 11- Understands the patterns and networks of economic interdependence on Earth’s surface. Benchmarks: Understands the spatial aspects of systems designed to deliver goods and services (e.g., the movement of a product from point of manufacture to point of use; imports, exports, and trading patterns of various countries; interruptions in world trade such as war, crop failures, and labor strikes); Understands issues related to the spatial distribution of economic activities; Understands factors that influence the location of industries in the United States; Understands the primary geographic causes for world trade; Knows primary, secondary, and tertiary activities in a geographic context World History Standard 44- Understands the search for community, stability, and peace in an interdependent world. Benchmarks: Understands influences on economic development around the world; Understands the emergence of a global culture; Understands the role and difficulties of the present day migrant worker Grades 9-12 Economics Standard 10- Understands basic concepts about international economics. Benchmarks: Understands that trade between nations would not occur if nations had the same kinds of productive resources and could produce all goods and services at the same real costs; Knows that a nation has an absolute advantage if it can produce more of a product with the same amount of resources than another nation, and it has a comparative advantage when it can produce a product at a lower opportunity cost than another nation; Knows that comparative advantages change over time because of changes in resource prices and events that occur in other nations; Knows that a nation pays for its imports with its exports; Understands that public policies affecting foreign trade impose costs and benefits on different groups of people Geography Standard 11- Understands the patterns and networks of economic interdependence on Earth’s surface. Benchmarks: Knows the spatial distribution of major economic systems and their relative merits in terms of productivity and the social welfare of workers; Understands the historical movement patterns of people and goods and their relationships to economic activity; Understands the relationships between various settlement patterns, their associated economic activities, and the relative land values; Understands the advantages and disadvantages of international economic patterns World History Standard 44- Understands the search for community, stability, and peace in an interdependent world. Benchmarks: Understands rates of economic development and the emergence of different economic systems around the globe; Understands major reasons for the great disparities between industrialized and developing nations; Understands how global political change has altered the world economy

This lesson plan may be used to address the academic standards listed above. These standards are drawn from Content Knowledge: A Compendium of Standards and Benchmarks for K-12 Education; 3rd and 4th Editions and have been provided courtesy of the Mid-continent Research for Education and Learning in Aurora, Colorado.

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Money Makes the World Go ′round?

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Our economy has developed very linearly, from extracting raw materials from the earth to producing large quantities of problematic waste. But the future must be circular. Any transition requires the involvement of key stakeholders to ensure effective implementation. Within the three major EU institutions, there has been recognition and a recommendation to tackle this by setting up a kind of stakeholder platform. As rapporteur for the EESC opinion on the Action Plan on recycling and related legislation under the Recovery Plan 2015, I recommended that the EESC play a leading role in the establishment of this stakeholder platform. This proposal was adopted by the First Vice-President Timmermans and Vice-President Katainen, and it was offered to work together on a joint project to establish the platform. Therefore, the European Circular Economy Stakeholder Platform was launched. The platform has its own website at circulareconomy.europa.eu/platform.

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Lohan, C. (2020). Money Makes the World Go ′round?. In: Eisenriegler, S. (eds) The Circular Economy in the European Union. Springer, Cham. https://doi.org/10.1007/978-3-030-50239-3_4

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Idioms Meaning

Money makes the world go round

The idiom “Money makes the world go round” is a popular phrase used to describe the importance of money in the modern world. It means that money is the driving force behind most of our decisions and actions.

He always says ‘money makes the world go round’—he’s so obsessed with money!

She knows that money makes the world go round, so she’s always looking for ways to make more money.

Money makes the world go round, but happiness is what really matters in life.

The origin of this phrase is uncertain, though it is believed to have originated in the early 19th century.

What does “money makes the world go round” mean?

It means that money is the driving force behind most of our decisions and actions.

Money makes the world go round English Literature Essay

• Post author: Amelia George
• Post published: October 20, 2019
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Money makes the world go round meaning

Money is an essential element of society. Money is not just a word or a need to a human being. It is the wheel over which we as humans are living our life. To understand the importance of money, first of all, we need to see what does money stands for in economics. Before that, we need to see what is the purpose of money. Even if we need to buy bread in the car, the house, the foreign trip or if we need to finance our education, everything is done using the money. Money is the most valuable asset which is required in order to buy or even ret any good, commodity, or service (Brewer, J. 2002).

The money is the object which can be exchanged to buy any purpose in the world. In economics, the word money is defined as Money o, money one, and Money 2. This is the range of liquidity. Such as money 1 is the most liquid form of money, which is easiest to use. The money two is least liquid but is the form of money and can be used in the form of money to buy anything in the world (Fisher, I. 2006).

Money makes the world go round proverb

There is a famous quote that says, ‘Money Walks Everyone Talks.’ This quote is an accurate depiction of how powerful money is and what it can do. The money is a powerful tool and element that has a robust demand. This is why anyone is willing to do anything for anyone so that is the reason by which we can say that money is one of the most demanded objects of this world. This is why we can say that with money, we can control any person, any company, or organization, and this is why money has turned into a powerful commodity (Zhou, 2009).

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IMF is one of the most prominent and strongest organizations in the world. This is a government-owned organization that gives a loan to the countries by their needs. This is the organization that gives loans and debt to countries in Asia and Africa and many developing countries so they can sustain and can overcome the poverty and shortage of money in their countries. IMF is controlled and funded by the USA, and this is why the USA has great importance in the world, and it is often preferred by many people  (Meyer, B. 2018). USA id supporting IMF, and the IMF gives the loan to the people. So apparently, the countries that receive the loans from the IMF also favor the USA. So the IMF is the organization that keeps the world go around it and controls all big and small countries and even companies. The emerging countries are often needed money, and for that, they agree to all types of clauses and terms that are stated by the IMF. So, as a result of this, the countries need to accept all sorts of the terms and conditions for the grant for loans. These terms are sometimes very problematic and can destroy the sovereignty of the country that takes the loans accepts the terms and conditions (Lee, 2013).

Poverty and Poor countries are often in need of money, so they always look for loans and debts. These emerging countries get the loan form IMF, and they have to accept the terms. This is why we say that the money talks and everyone walks. And the reasons mentioned above support the claim that money makes the world go around itself. The institute, person, or company that has the money is the one that is the most powerful and has to say and decision making power and even strength (Cagan, P. 2015).

Swiss Banks are another active institute that gives loans to bigger banks and even governments. The other source of wealth and income is wealthy families. According to stories, certain rich families provide loans and wealth to large companies and families. One of the most famous wealthy family amongst this is the Rothschild Family. This family controls billions of dollars in the world. The money happens to be the most essential commodity which has high demand, and this is why money makes people go around themselves (Barber, R. J. 2010).

Money means freedom and power in a million different ways. Sure, there’s the obvious way of being able to structure your days and not work, but there’s so much more to it. Having some money in your bank account gives you a cushion in your life, no matter what dice the universe rolls. Money has such amazing  superpowers , and I will NEVER understand the lure of spending it all on junk and stuff and crap before sewing up your parachute, umbrella, safety net. Having some cash in your bank account lets you react the way you want to respond. It allows you to put your self-interests first (Barber, R. J. 2010).

Money makes the world go round Essay Conclusion

The conclusion is that money is an essential element of society. Money is not just a word or a need for a human being. It is the wheel over which we as humans are living our life. Before that, we need to see what is the purpose of money. In short, money means freedom and power in a million different ways. Sure, there’s the obvious way of being able to structure your days and not work, but there’s so much more to it. T sum up. The money is the object which can be exchanged to buy any purpose in the world. In economics, the word money is defined as Money 0, money one, and Money 2. The money is a powerful tool and element that has a very strong demand.

This is a government-owned organization that gives the loan to the countries by their needs. So the IMF is the organization that keeps the world go around it and controls all big and small states and even companies. Thus, the poor countries are often needed money, and for that, they agree to all types of clauses and terms that are stated by the IMF. This is why we say that the money talks and everyone walks. In short, the reasons mentioned above support the claim that money makes the world go around itself.

Brewer, J. (2002).  The sinews of power: war, money, and the English state 1688-1783 . Routledge.

Fisher, I. (2006).  The purchasing power of money: its’ determination and relation to credit interest and crises : Cosimo, Inc.

Zhou, X., Vohs, K. D., & Baumeister, R. F. (2009). The symbolic power of money: Reminders of money alter social distress and physical pain — Psychological Science ,  20 (6), 700-706.

Lee, K., Ashton, M. C., Wiltshire, J., Bourdage, J. S., Visser, B. A., & Gallucci, A. (2013). Sex, power, and money: Prediction from the Dark Triad and Honesty-Humility.  European Journal of Personality ,  27 (2), 169-184.

Meyer, B. (2018). The power of money: politics, occult forces, and Pentecostalism in Ghana.  African Studies Review ,  41 (3), 15-37.

Cagan, P. (2015). Measuring quality changes and the purchasing power of money: An exploratory study of automobiles.  National Banking Review ,  3 (1), 217-236.

Barber, R. J. (2010). The American Corporation, Its Power, Its Money, Its Politics.  Bus. Law. ,  26 , 587

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Money Makes the World Go Round

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The United States lacked a central bank until the twentieth century, although there were two attempts to establish a central bank in the early 1800s. Without a money manager, the nation's financial system was like the nation itself--diverse and subject to uneven growth. As a result, there were frequent economic depressions and financial panics, and the Bank Panic of 1907 finally convinced the public that a central bank was necessary ____________________. Reform was difficult. In the more established eastern cities, business leaders wanted to create a national financial system. In the West and South, small businesses and farmers feared a national financial system would not provide enough easy credit to support their developing economies. In 1913, after considerable debate, Congress passed the Federal Reserve Act to balance the financial needs of the country ____________________. The nation needs a money manager because money does not manage itself. Money and credit are the lifeblood of the economy; they facilitate commerce, job creation, and business growth. As our nation's money manager, the Fed implements monetary policy to manage the flow of money and credit in the economy. If money and credit expand too rapidly, businesses cannot produce enough goods and services to keep up with increased spending. Prices may rise, causing inflation ____________________. If the flow of money and credit contracts too greatly, spending and business activity may dwindle, workers may lose their jobs, and a recession may result ____________________. As our nation's money manager, the Fed conducts monetary policy to attempt to balance these two extremes to keep prices steady, workers employed, and factories productive. The Federal Reserve System was created as an independent agency of the United States government to provide a safer, more flexible banking and monetary system ____________________. To ensure autonomy and to insulate the central bank from short-term partisan political pressures, the founders stipulated that the Fed's operations would be financed from its own resources. The Fed regularly reports to Congress about its activities and plans for monetary policy. Although Congress has the power to change the laws governing the Fed and its operations, the central bank's day-to-day policy and operational decisions do not require Congressional or Presidential approval ____________________. The seven-member Board of Governors, located in Washington, D.C., oversees the Federal Reserve System ____________________. Appointed by the President of the United States and confirmed by the Senate, Board members serve 14-year terms, which are arranged so that one expires in every even-numbered year ____________________. The terms were designed to be long enough to prevent day-to-day political pressures from influencing the formulation of monetary policy and the supervision of the operations of the 12 regional Reserve Banks. The President of the United States designates a Chairman and Vice Chairman from the Board to serve four-year terms ____________________. These designations are approved by the Senate and can be renewed during the terms of the Board members, subject to Senate confirmation ____________________. There are 12 Federal Reserve Districts, or regions, throughout the United States ____________________. Regional headquarters are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco ____________________. Each of the 12 Reserve Banks has a board of nine directors ____________________. Each Bank's president is appointed by its board of directors and approved by the Board of Governors in Washington, D.C. Reserve Bank directors oversee the operations of their Bank and are subject to the overall supervision of the Board of Governors ____________________. The Fed helps keep the nation's economic wheels rolling in a number of significant ways through services Reserve Banks and Branches provide for depository institutions. The Federal Reserve is charged with ensuring that enough currency and coin are in circulation to meet the public's demand ____________________. New currency and coin are shipped to Federal Reserve Banks and Branches across the country where the money is stored. When people need additional cash, such as during the holidays or at times of natural disaster or crisis, a depository institution may order more currency and coin from its local Federal Reserve Bank or Branch. Each institution pays for these orders by drawing down its reserve account balances held with the Federal Reserve ____________________. The Federal Reserve and state and federal agencies supervise and regulate the nation's financial institutions to ensure their financial soundness and compliance with banking, consumer, and other applicable laws ____________________. The Fed's specific responsibility in this area

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Money Makes The World Go Round

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Life and money, which support it, make the existence of people purposeful and intelligent, money becomes the self-value nowadays . But if we want to know the possibilities for spiritual growth or moral development in human beings we must answer the question what money means in our life?

It can be compared with a huge piston in the engine that pushes the world. 1 am saying this because it is one of my beliefs that, if not every decision, at least a majority of them are made with the consequence of money in our mínd.

For example my friend and I were exchanging our opinions on a certain movie the other day. She was telling me she didn’t like the movie because she felt that it didn’t serve a purpose. My argument was that I did like the movie because it was entertaining, I also said that it did serve a purpose because it made money. The purpose of that movie was to entertain enough people to allow it to show a profit. The only reason anyone made what the writer wrote into a movie, because they felt this it would make money.

Of course, there are always exceptions to a rule, that ís why 1 say “If not every decision, a majority of them”. Somewhere out there may be a songwriter who just writes songs because he enjoys it, not because of money matters.

1 don’t think that having money as the motivation to most decisions is bad, that’s just the way it ís. There are a lot of good things that come from money-based decisions. It’s all about profitability

The Term Paper on Science Fiction Films Movie Film Made

... was followed up a year later by two movies made half-a-world apart, Them (Warner) about ... too dangerous not to give them control, a decision that clearly reflected the majority of public ... were any range of inventions intended for good purposes but turned to evil.Ernest B. Schoedsack's Dr. Cyclops ... stealing the movie from Raymond Massey as the reasoned, thoughtful hero. Things To Come lost money on ...

Money in general has 3 main uses. The first and most important is medium of exchange – that is something people will accept for their goods or services. Without a medium of exchange people would have to trade their goods or services directly for other goods or services. A modern country could never function without a medium of exchange. The second use of money is that is serves as a unit of account. People state the price of goods and services in terms of money. In the United States, people use dollars to specify price, just as they use hours to express time and miles or kilometers to measure distance. The third use of money is as a store of wealth. People can save money and then use it to make purchases in the future. Other stores of wealth include cold, jewels, paintings, stock and bones.

The 1990s kick-started a new culture in the world – a culture in which lavish consumption is encouraged as the way to self-fulfillment.

With material goods such as cars and computers obsolete almost as soon as they are sold, we experience a rapid tumover of objects and an equally rapid tumover of our desires. We are taught to live in order to maximize our own, immediate pleasure. «Too much is never enough». I’m thinking about this animal called materialism The urgent need to own more and more. Our minds are trap us into a cycle ofdesiring, buying and desiring again.

With ownership comes the fear of loss of ownership. So we build higher walls, buy bigger locks. There’s a whole industiy built on our fear of loss of possessions.

In our urge to maintain financial security, we often sacrifice our prospects of a career better adapted to our personal needs and interests.

Of course we need “things” – they provide physical comfort and even happiness. A materially comfortable life is certainly lot something to be opposed. But these things fulfíl temporaiy needs and it is when we place too much importance on material possessions that we face emptíness, or what some call spiritual poverty.

But have you ever imagined what would happen if there were no money in the world? Evidentiy, speculatíons upon thís topic sound naive and contrived because nowadays money is an integral part of our everyday life and one does not need to be an economist to realize that anyway such an objective phenomenon as money would appear. There is also evidence that money makes the world go around and willy-nilly we have to take it for granted.

The Essay on Why Do Bad Things Happer To Good People

Why do bad things happen to good people? Why do good things happen to bad people? These two questions have bewildered mankind throughout the centuries. Even the greatest philosophers and theologians have yet to develop a concrete answer. Philosophers, theologians, and even religious leaders have developed many hypotheses. Some of these hypotheses support each other while others conflict. It is for ...

Whether you are young or old, regardless of your occupation, your lifestyle or your family status, money is of paramount concem to all of us.

But still it shouldn’t be the number one priority. Lets look the other way around, the spiritual one. The Bible says : ” What good will it be for a man if he gains the whole world, yet forbids his soul? Or what can a man give in exchange for this soul?”

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Some people say that Money makes that world go round others say that money is the root of all evil Which of these do you agree with Use examples and details in your answer

Some people say that Money makes that world go round, others say that money is the root of all evil. Which of these do you agree with? Use examples and details in your answer.

Before and today, at all times, it was difficult to survive and live satisfactory life without money. Personally, I think that money make the world go round. There are a few reasons why I feel this way. One of the reasons is that money facilitate to progress. It is in humans` nature to compete with each other in order to gain self confidence and become meaningful for themselves and for public. In the most cases, the person who has more money is considered more successful and recognized by others. Therefore, this pushes people to make money to excel. If the person is willing to be conspicuous in the society, he is trying to elaborate or invent something new and unusual. This is turn, contributes to the world`s progress and development. Despite of opinion that money is the reason of myriads of conflicts, they make people to think wider and craft new inventions. To that end, money is indispensable force of humans` intellectual evolution. Another reason is that desire to enjoy life by participating in favorite activities makes humans to work and earn money. Different people have different interests in life. Someone, for instance, likes diving and if he lives somewhere in the north states of the United States, he has to fly to warmer states to dive into the ocean. Others, for example, like to travel all around the world, which is very problematically to fulfill without expenses. This kind of activities are quite costly and request having a job and making money. Although some of the people`s hobby could be done without spending, most of them are not cheep. So, having money lets dreams come true for the people and that way enables them to feel happy. To sum it up, I feel that money rotate the world. This is because they contribute to the evolution of the humans` minds and make people`s life more collorful and pleasant. All things considered, it is reasonable to assume that money are crucial element of humans` life.

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Essay evaluation report by e-grader

Grammar and spelling errors: Line 3, column 541, Rule ID: SOME_OF_THE[1] Message: Simply use 'some'. Suggestion: some ...having a job and making money. Although some of the people's hobby could be done witho... ^^^^^^^^^^^ Line 5, column 1, Rule ID: WHITESPACE_RULE Message: Possible typo: you repeated a whitespace Suggestion: ...crucial element of humans' life. ^^^

Transition Words or Phrases used: but, if, so, therefore, as to, for example, for instance, i feel, i think, kind of

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech: To be verbs : 19.0 15.1003584229 126% => OK Auxiliary verbs: 1.0 9.8082437276 10% => OK Conjunction : 16.0 13.8261648746 116% => OK Relative clauses : 10.0 11.0286738351 91% => OK Pronoun: 28.0 43.0788530466 65% => OK Preposition: 54.0 52.1666666667 104% => OK Nominalization: 6.0 8.0752688172 74% => OK

Performance on vocabulary words: No of characters: 1652.0 1977.66487455 84% => OK No of words: 335.0 407.700716846 82% => More content wanted. Chars per words: 4.93134328358 4.8611393121 101% => OK Fourth root words length: 4.27820116611 4.48103885553 95% => OK Word Length SD: 2.82723917531 2.67179642975 106% => OK Unique words: 184.0 212.727598566 86% => OK Unique words percentage: 0.549253731343 0.524837075471 105% => OK syllable_count: 530.1 618.680645161 86% => OK avg_syllables_per_word: 1.6 1.51630824373 106% => OK

A sentence (or a clause, phrase) starts by: Pronoun: 12.0 9.59856630824 125% => OK Interrogative: 0.0 0.994623655914 0% => OK Article: 1.0 3.08781362007 32% => OK Subordination: 3.0 3.51792114695 85% => OK Conjunction: 0.0 1.86738351254 0% => OK Preposition: 7.0 4.94265232975 142% => OK

Performance on sentences: How many sentences: 21.0 20.6003584229 102% => OK Sentence length: 15.0 20.1344086022 74% => OK Sentence length SD: 32.9115491587 48.9658058833 67% => OK Chars per sentence: 78.6666666667 100.406767564 78% => OK Words per sentence: 15.9523809524 20.6045352989 77% => OK Discourse Markers: 3.90476190476 5.45110844103 72% => OK Paragraphs: 4.0 4.53405017921 88% => OK Language errors: 2.0 5.5376344086 36% => OK Sentences with positive sentiment : 12.0 11.8709677419 101% => OK Sentences with negative sentiment : 2.0 3.85842293907 52% => More negative sentences wanted. Sentences with neutral sentiment: 7.0 4.88709677419 143% => OK What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion: Essay topic to essay body coherence: 0.231009936759 0.236089414692 98% => OK Sentence topic coherence: 0.0790836865556 0.076458572812 103% => OK Sentence topic coherence SD: 0.0621183467568 0.0737576698707 84% => OK Paragraph topic coherence: 0.156174532489 0.150856017488 104% => OK Paragraph topic coherence SD: 0.0236204823038 0.0645574589148 37% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.

Essay readability: automated_readability_index: 9.8 11.7677419355 83% => Automated_readability_index is low. flesch_reading_ease: 56.25 58.1214874552 97% => OK smog_index: 8.8 6.10430107527 144% => OK flesch_kincaid_grade: 9.1 10.1575268817 90% => OK coleman_liau_index: 11.02 10.9000537634 101% => OK dale_chall_readability_score: 8.25 8.01818996416 103% => OK difficult_words: 82.0 86.8835125448 94% => OK linsear_write_formula: 7.0 10.002688172 70% => OK gunning_fog: 8.0 10.0537634409 80% => OK text_standard: 10.0 10.247311828 98% => OK What are above readability scores?

--------------------- Rates: 61.6666666667 out of 100 Scores by essay e-grader: 18.5 Out of 30 --------------------- Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.