essay on money and coins

Essay on Money

Money is a significant part of human civilisation. It is difficult to think about the world without money. Everybody needs money for various purposes, starting from day-to-day transactions to savings for the future. But if we go back to history, we will find that before money came into existence, there was a barter system to facilitate transactions among individuals in society. With the development of civilisation over time, the barter system lost its ground and was replaced by money. This essay on money will provide ideas to students so they can effectively write essays on this topic. They can also check out the list of CBSE Essays to practise more essays on different topics and boost their writing skills.

500+ Words Essay on Money

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts which also acts as a standard of deferred payments. The main functions of money are distinguished as: a medium of exchange, a unit of account and a store of value. The money supply of a country consists of currency (banknotes and coins) and bank money. Bank money usually forms the largest part of the money supply.

With the help of money, we can fulfil our dream. We can go on trips to various places, eat tasty food, buy a beautiful house and can buy any luxury items. Many businessmen earn a lot of money by making profits from their businesses. They provide services or make products that people need and make money from them. Now, there are many industries and startups which have set up their business and gained success. But still, there are many people who use illegal modes to earn money and become a part of corruption.

Significance of Money in Economy

Money plays an important role in shaping the economy of any country. Money can stimulate or even hamper economic progress. Money affects the income, output, employment, consumption and economic welfare of the community at large. Money through its purchasing power increases consumption and, as a store of value, increases investment, and employment and leads to economic development.

Demonetisation in India

The Prime Minister of India, Narendra Modi, announced demonetisation on 8th November 2016, where Rs 500 and Rs 1000 notes were withdrawn from circulation. It was a major event of the year 2016. The demonetisation decision was taken by the Government in consultation with the RBI. The action was taken to tackle Black Money which is available in various forms like cash, investment in property and real estate, luxury goods like jewellery or with foreign currency dealers and private financiers. The target was to curb the use of black money.

The other motto of demonetisation was to reduce corruption. With demonetisation, the cash in the hands of corrupt people becomes useless, and if the same is deposited in the banks, it loses anonymity, and the person has to pay taxes on the said amount.

The demonetisation also helped in promoting digitalisation through online transactions. A large section of the Indian economy was being run on the cash system, which does not get captured by the tax department as it does not leave any trail. So, the Government thought about promoting digitisation and formalisation of the economy through online transactions, e-wallets, and various payment instruments like Paytm, Rupay cards, the BHIM app etc. The beauty of these instruments is that the entire economic activity gets captured. It reduces tax evasion and improves tax collection.

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Essay On Money: 100, 250 Words Samples

Updated on
Nov 9, 2023

Why do you think money is important? Can we live without money? Does money have its own value? What’s the difference between hard money and digital money? When we plan on buying something, we have to pay a certain amount. Let’s say you want to buy a wristwatch worth $50. How do you compare that commodity with money? Do they have equal value? Is there any authority that states the value of money ? These and several other questions about money can make one wonder why money is given so much importance. Let’s go in-depth with an essay on money and find answers to all these questions.

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What is money, why is money so important, essay on money in 100 words, essay on money in 250 words.

Shiva Tyagi

With an experience of over a year, I've developed a passion for writing blogs on wide range of topics. I am mostly inspired from topics related to social and environmental fields, where you come up with a positive outcome.

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

Why Money Rules The World

Categories: Consumerism Money

About this sample

Words: 521 |

Published: Jan 31, 2024

Words: 521 | Page: 1 | 3 min read

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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Clark, A. E. (2006). Born to be mild? Cohort effects don’t (fully) explain why well-being is U-shaped in age. Paris-Jourdan Sciences Economiques.Donnelly, G., & Norton, M. (2018). The Happiness of Millionaires. Harvard Business [...]

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Essay on Money for Students and Children

500+ words essay on money.

Money is an essential need to survive in the world. In today’s world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it. Our parents work hard to fulfill our dreams .

Furthermore various businessmen , entrepreneurs have startup businesses to earn profits. They have made use of their skills and intelligence in getting an upper hand in earning. Also, the employee sector works day and night to complete their tasks given to them. But still, there are many people who take shortcuts to success and get involved in corruption.

Black Money

Black money is the money that people earn with corruption . For your information corruption involves the misuse of the power of high posts. For instance, it involves taking bribes, extra money for free services, etc. Corruption is the main cause of the lack of proper growth of the country .

Moreover, money that people having authority earns misusing their powers is black money. Furthermore, these earnings do not have proper documentation. As a result, the people who earn this do not pay income tax . Which is a great offense and the person who does this can be behind bars.

Money Laundering

In simple terms, money laundering is converting black money into white money. Also, this is another illegal offense. Furthermore, money laundering also encourages various crimes. Because it is the only way criminal can use their money from illegal sources. Money laundering is a crime, and the people who practice it are liable to go to jail.

Therefore the Government is taking various preventive measures to abolish money laundering. The government is linking bank accounts to AADHAR Card. To get all the transaction detail of each bank account. As a result, the government comes to know if any transaction is from an illegal source .

Also, every bank account has its own KYC (Know your Customer) this separates different categories of income of people. Businessmen are in the high-risk category. Then comes the people who are on a high post they are in the medium-risk category. Further, the last category is of the Employee sector they are at the lowest risk.

Get the huge list of more than 500 Essay Topics and Ideas

White Money

White money is the money that people earn through legal sources. Moreover, it is the money on which the people have already paid the tax. The employee sector of any company always has white money income.

Because the tax is already levied on their income. Therefore the safest way to earn money is in the employment sector. But your income will be limited here. As a result, many people take a different path and choose entrepreneurship. This helps them in starting their own company and make profitable incomes .

Every person in this world works hard to earn money. People try different methods and set of skills to increase their incomes. But it is always not about earning money, it’s about saving and spending it. People should spend money wisely. Moreover, things should always be bought by judging their worth. Because money is not precious but the efforts you make for it are.

Q1. What is Black Money?

A1. Black money is the money that people earn through illegal ways. It is strictly prohibited in our country. And the people who have it can go to jail.

Q2. What is the difference between Black money and White money?

A2. The difference between black money and white money is, Black money comes from illegal earnings. But white money comes from legal sources with taxation levied on it.

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260 Money Topics to Write About & Essay Examples

Looking for a topic about money? Money won’t leave anyone indifferent! There are lots of money essay topics for students to explore.

🏆 Best Money Essay Examples & Ideas

👍 good money essay topics, 💡 easy money topics to write about, 📃 interesting topics about money, 📑 good research topics about money, 📌 most interesting money topics to write about, ❓ research questions about money.

You might want to focus on the issue of money management or elaborate on why money is so important nowadays. Other exciting topics for a money essay are the relation between money and love, the role of money in education, etc. Below you’ll find a list of money topics to write about! These ideas can also be used for discussions and presentations. Money essay examples are a nice bonus to inspire you even more!

Can Money Buy You Happiness? First of all, given that happiness is related to the satisfaction of personal needs, there is also a need to consider the essential need of human life such as housing, medicine, and food.
I Don’t Believe Money Can Buy Happiness This shows that as much as money is essential in acquisition and satisfaction of our needs, it does not guarantee our happiness by its own and other aspects of life have to be incorporated to […]
Connection Between Money and Happiness Critical analysis of money-happiness relationship shows that socioeconomic factors determine the happiness of an individual; therefore, it is quite unsatisfactory to attribute money as the only factor and determinant of happiness.
Money as a Form of Motivation in the Work Place This then shows that money can and is used as a motivational factor in the work place so that employees can strive to give their best and their all at the end of the day.
Money: Good or Evil? Comparing & Contrasting While there are those amongst us who subscribe to the school of though that “money is the source of all evil”, others are of the opinion that money can buy you anything, literary.
Money and Modern Life The rich and the powerful are at the top while the poor and helpless are at the bottom, the rest lie in-between.
Should America Keep Paper Money It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
Does Money Buy Happiness? Billions of people in all parts of the world sacrifice their ambitions and subconscious tensions on the altar of profitability and higher incomes. Yet, the opportunity costs of pursuing more money can be extremely high.
Strategies to Save and Protect Money Thus, the main points of expenditure will be clearly marked, which will help to exclude the purchase of unnecessary goods and services.
Money, Happiness and Relationship Between Them The research conducted in the different countries during which people were asked how satisfied they were with their lives clearly indicated the existence of a non-linear relationship between the amount of money and the size […]
The Global Media Is All About Money and Profit Making It is noteworthy that the advertisement are presented through the media, which confirms the assertion that global media is all about money and profit making. The media firms control the information passed to the public […]
Anti-Money Laundering and Hawala System in Dubai To prevent money launders and agents, most countries enacted the anti-money laundering acts with the goal of tracking and prosecuting offenders.
Electronic Money: Challenges and Solutions First of all, it should be pointed out that money is any type of phenomenon which is conventionally accepted as a universal carrier of value, or “any generally accepted means of payment which is allowed […]
Money Saving Methods for College Students A budget is one of the methods that a college student can use to save money. In the budget, one should indicate how much to save and the means of saving the money.
Discussion: Can Money Buy Happiness? Reason Two: Second, people are psychologically predisposed to wanting more than they have, so the richer people are, the less feasible it is to satisfy their demands.
Money or Family Values First? Which Way to Go As such, family values becomes the epicenter of shaping individual behavior and actions towards the attainment of a certain good, while money assumes the position of facilitating the attainment of a certain good such as […]
Time Value of Money: Importance of Calculating Due to fluctuations in economies, all organizations need to take into consideration concepts of the time value of money in any investment venture.
Prices Rise When the Government Prints too Much Money Makinen notes that an increase in the supply of money in an economy relative to the output in the economy could lead to inflationary pressure on prices of goods and services in the economy.
Money Laundering Through Cryptocurrencies This study will try to critique the approaches used by countries to address the aspect of money laundering activities and the risks posed by digital currencies.
Paper Money and Its Role Throughout History The adoption of the paper money was considered to be beneficial for both the wealth of the country and the individual businessmen.
Money and Its Value Throughout the World History What is important is the value that people place on whatever unit they refer to as amoney.’ Money acts as a medium of exchange and an element of measurement of the value of goods and […]
“From Empire to Chimerica” in “The Ascent of Money” In the chapter “From Empire to Chimerica,” Niall Ferguson traces back the history of the Western financial rise and suggests that nowadays it is being challenged by the developing Eastern world. The hegemonic position of […]
Money, Success, and Relation Between Them In particular, the modern generation attaches so much importance to money in the sense that success and money are presumed to be one and the same thing.
Money: Evolution, Functions, and Characteristics It acts as medium of exchange where it is accepted by both buyers and sellers; the buyer gives money to the seller in exchange of commodities.
Efforts to Raise Money for Charity However, the point is that charity is supposed to be for a simple act of giving and not expecting any returns from it.
Two Attitudes Towards Money The over-dependence on money to satisfy one’s emotional needs is a negative perspective of money. The positive attitude of money is rarely practiced by people.
Success and Money Correlation The development of the information technologies and the ongoing progress led to the reconsideration of the values and beliefs. It is significant to understand that there is no right or wrong answer for the question […]
Change in the Value of Money According to Keynes To explain the effect of inflation on investors, Keynes delves into the history of inflation through the nineteenth century and tries to explain the complacency of investors at the beginning of the First World War […]
Money and Banking: General Information The essay gives the definition of money and gives a brief description of the functions of money. As a store of value, money can be saved reliably and then retrieved in the future.
Anti-Money Laundering in Al Ansari Exchange Case Study Details Company name: Al Ansari Exchange Headquarters: Dubai, United Arab Emirates Sector: Financial Services Number of employees: 2500 Annual gross revenue: UAED 440.
Time Value of Money Compounding was done on the amount that I had lent out using the market rate over the duration of time the person held my money.
The Relationship Between Money Supply and Inflation It is evidenced that changing the money supply through the central banks leads to a control of the inflationary situations in the same economy.
Money Laundering: Most Effective Combat Strategies The practice of money laundering affects the economy and security of a country. Countries have directed their efforts to curb money laundering to control the downwards projections of their countries’ economies.
Why People Should Donate Time, Money, Energy to a Particular Organization, Charity, or Cause Its vision is to have a world that is free from Alzheimer’s disease.”The Alzheimer’s Association is the leading, global voluntary health organization in Alzheimer’s care and support, and the largest private, nonprofit funder of Alzheimer’s […]
Are Workers Motivated Mainly by Money? Related to the concept of work and why people work is the original concept developed by Karl Marx in the so-called conflict theory.
The Lebanese-Canadian Bank’s Money Laundering The bank was later banned from using the dollar by the American treasury; this resulted in the collapse and eventual sale of the bank.L.C.B.had to pay a settlement fine of one hundred and two million […]
Money, Happiness and Satisfaction With Life Nonetheless, the previously mentioned examples should be used to remind us that money alone is not a guarantee of happiness, satisfaction with life, and good health.
Dreams of Avarice in Ferguson’s “The Ascent of Money” The chapter “Dreams of Avarice” of the book “The Ascent of Money” explores different stages of development of money functioning in the world by relating them to corresponding historical events.
The Ascent of Money: A Financial History of the World The succinctness of this book lies in the critical analysis and emphasis of the financial history of money in spite of the fact it has impeded some important functions of the global economy.
Exploring the Relationship Between Education and Money A person cannot be able to change his/her ascribed status in the society, but only through education a person is able to change his/her Socio-economic status and to some extent that of his/her family once […]
Drugs: The Love of Money Is the Root of All Evils The political issues concerning the use of drugs consist of, but not limited to, the substances that are defined as drugs, the means of supplying and controlling their use, and how the society relates with […]
Saving Money Using Electric or Gas Vehicles The central hypothesis of the study is that the electric car will save more money than gas ones. The main expected outcome that the study is counting on is a confirmation of the presented hypothesis […]
Blowing Bubbles in Ferguson’s “The Ascent of Money” Moreover, the author shows the connection and similarities between the present collapse of a stock market and the Enron default along with a Mississippi Bubble of the eighteenth century that was created by John Law, […]
Money and Happiness in Poor and Wealthy Societies Comprehending the motivations for pursuing money and happiness is the key to understanding this correlation. The Easterlin paradox summed this view by showing that income had a direct correlation with happiness.
Giving Money to the Homeless: Is It Important? The question of whether a person should give money to a homeless person or not is a complicated one and cannot have the right answer.
Two Attitudes Toward Money Two attitudes toward money involve negative perception of money as universal evil and positive perception of money as source of good life and prosperity.
“College Is a Waste of Time and Money” by Bird Bird’s use of logical fallacies, like if students do not want to go to college, they should not do it until the reasons of their unwillingness are identified, proves that it is wrong to believe […]
Sports and Money in Australia Because swimming is a well-developed kind of sports, money should be more spent on engaging new swimmers and promoting new talents to the professional sport.
Money Laundering Scene in Police Drama “Ozark” In one of the first season’s episodes, Marty, the main character, illustrates the process of money laundering crime. In the scene, one can see that Marty is fully sane and is committing a crime voluntarily.
Money From the Christian Perspective Work in Christian missions is a business and since it affects the relationship between the missionary and the people he is trying to reach, missionary funding is essential.
Business Case Scenario: Missing Money in a Company A possible scenario explaining how money is missing is through the payroll department my first argument seeks to prove the payroll department as the loophole of the company’s misfortunes.
Sports Stadiums’ Funding by Public Money The issue is controversial from an ethical point of view since not all citizens whose taxes can be spent on the construction of the stadium are interested in or fond of sports.
Money Laundering: The Kazakhgate Case He was accused of breaking the Foreign Corrupt Practices Act of 1974 and money laundering by the U.S.attorney’s office for the Southern District of New York.
The Ways Terrorists Raise and Move Money Moreover, the government has put into action the freezing orders and blocking of united states individuals who are presumed to have a hand in terrorist activities.
“Money as a Weapon” System and Fiscal Triad Furthermore, the fiscal triad encompasses the procurement of products and services and the disbursement and accounting of public funding. Fiscal legislation and contracts are two key components of the “money as a weapon” system.
The Fiscal Triad and Money as a Weapon System The reliance on the unit commanders sparked the development of the complementary strategy, “Money as a Weapon System,” which became a focal point of the Iraq and Afghanistan campaigns.
Traditional vs. Modern Forms of Money The most significant argument for the continuing existence of traditional forms of money is the impossibility of converting all financial resources into a digital form.
Time Value of Money: What You Should Know The time value of money is a paramount financial concept, according to which a certain amount is now worth more than the same amount in the future.
The Concept of the Time Value of Money The concept of the time value of money refers to the financial principle noting that a fixed amount of money currently is worth more than the same amount of money in the future.
Play Money Paper: A Report Betas of the Companies in the Portfolio It is noteworthy that in the given portfolio, the beta indices of the companies involved vary considerably.
Integration of Business Ethics in Preventing Money Laundering Schemes The shipping information within the document seems inaccurate with the intention to launder money from the buyer. The contribution of ocean carrier in the transaction process is doubtful to a given extent.
Where Does the Money Go? by Bittle & Johnson Therefore, the authors explain key issues of the national debt in a relatively simple language and provide their opinion on how the country got into that situation and what could be done about it. In […]
Trade-Based Money Laundering The purpose of this paper is to research the subject of trade-based money laundering, its impact on global scene and export controls, identify types of trade finance techniques used to launder illegal money, and provide […]
Impact of Natural Disasters on Money Markets and Investment Infusion of funds from the central bank during natural disasters results in higher process of exports as a direct result of an increase in the value of the local currency.
The Perception of Money, Wealth, and Power: Early Renaissance vs. Nowadays In the Renaissance period, power was a questionable pursuit and could be viewed as less stable due to more frequent upheavals.
Financial Institutions and Money Money is a store of value because it can be saved now and used to purchase se goods and services in the future.
Researching of the Time Value of Money After receiving the loan, one of the monetary policies that would help PIIGS to stabilize is the deflation of their currency, in this case, the Euro.
Anti-Money Laundering: Financial Action Task Force Meanwhile, given the limited access for physical assessment of state jurisdictions, it is likely that current provisions of FATF are yet to be revised in spite of pandemic travel and assessment restrictions.
Anti-Money Laundering in the UK Jurisdiction The regime adopted in the UK is based on the provisions of “the Terrorism Act of 2000, the Proceeds of Crime Act of 2002, as well as the Money Laundering, Terrorist Financing, and Transfer of […]
Trade-Based Money Laundering and Its Attractiveness The proliferation of the trade-based money laundering is directly related to the growing complexity of international trade systems, where new risks and vulnerabilities emerge and are seen as favorable among terrorist organizations seeking for the […]
Money Laundering and Sanctions Regulatory Frameworks Under the provisions of OFAC, the company has violated the cybersecurity rules that might indirectly bring a significant threat to the national security or the stability of the United States economy by engaging in online […]
Type Borrowing Money: Margin Lending In the defense of the storm financial planning firm, BOQ submitted to the authorities that in view of banking regulatory policies, storm had not contravened any of the policies and this is the reason why […]
Lessons on Financial Planning Using Money Tree Software Financial planning remains a fundamental function among the investors in coming up with a method of using the finances presently and in the future.
The Supply of Money in the Capitalist Economy In the capitalist economy that the world is currently based on, the supply of money plays a significant role in not only affecting salaries and prices but also the growth of the economy.
Time Value of Money Defined and Calculations Simply put, the same value of money today is worth the same value in future. The time value of money can therefore be defined as the calculated value of the money taking into consideration various […]
Anti Money Laundering and Financial Crime There are a number of requirements by the government on the AML procedures to be developed and adopted by the firms in the financial service in industry in an attempt to fight the illegal practice.
Money Tree Software: Financial Planning This return is important because: It represents the reward the business stakeholders and owner of the business get in staking their money on the business currently and in the future It rewards the business creditors […]
Money Management: Investment on Exchange-Traded Funds The essay will discuss the possibility of investing in a number of selected ETFs in connection to an investment objective of an individual.
What Is Money Laundering and Is It Possible to Fight It Certainly and more often money involved in laundering is obtained from illegal activities and the main objective of laundering is to ‘clean’ the dirty money and give it a legitimate appearance in terms of source.
Time Value of Money: Choosing Bank for Deposit The value of the money is determined by the rate of return that the bank will offer. The future value of the two banks is $20,000 and $22,000 for bank A and bank B respectively.
How Money Market Mutual Funds Contributed to the 2008 Financial Crisis While how the prices of shares fell below the set $1 per share was a complex process, it became one of the greatest systemic risks posed by the MMMF to the investors and the economy […]
Time Value of Money From an Islamic Perspective Islamic scholars say that the time value of money and the interest rates imposed on money lent are the reasons why the poor keep on getting poor and the rich richer.
Rational Decision Making: Money on Your Mind The mind is responsible for making financial decision and it is triggered by the messages we receive on the day to day activities. Lennick and Jordan explain that, we have two systems in the brain; […]
A Usability Test Conducted on GE Money.com.au It is common knowledge that the easier it is to access services and products on a given website the more likely users will be encouraged to come back.
“Most Important Thing Is Money Ltd”: Vaccination Development Thus, necessary powers have been vested with the Secretary of State for Health in England, through the recommendations of the Joint Committee on Vaccinations and Immunisation to enforce such preventive steps, through necessary programs that […]
Money Investments in the Companies and Bonds The stock volume is on the low level now, about 30, but it is connected with the crisis in the world and the additional investment may support the company and increase it. In general the […]
Money Management in the Organization There is a much debate on the issue and several people an financial experts do analyze the historical perspectives of the Active vs Passive money management.
How the Virus Transformed Money Spending in the US In the article featured in the New York Times, Leatherby and Geller state that the rate at which people spend their money has rapidly decreased due to the emergence of the virus in the United […]
The Role of Money and Class Division in Society The image of modern American society tries in vain to convey the prevalence of personality over social division. Americans’ perception of financial status has been shaped for years by creating the notion of the “American […]
Money and American Classes in 1870-1920 Wherein, the time of the stock market emergence was the time of the ongoing “carnival,” where the mystical power of money transferred to miraculous products and medicines and compelling advertisements.
The Ascent of Money – Safe as Houses Looking from a broad historical perspective, Niall Ferguson devotes the chapter “Save as Houses” to the observation of the real estate concept transformation, describes the place of the real estate market in the economic systems […]
The Ascent of Money – Blowing Bubbles The price for a share tells how much people rely on the cost of the company in the future. The life of a stock market represents the reflection of human moods on the price of […]
Canada’s Role in the History of Money: The Relationship Between Ownership and Control Individuals with the predominant shares gain the directorship of the wealth production channels and as such gain control of the diversified owners.
Why Non-Monetary Incentives Are More Significant Than Money It is important to recognize that both monetary and non-monetary incentives, otherwise known as total rewards, are offered to employees in diverse ways for purposes of attracting and motivating them to the ideals of the […]
To Make Money or Serve the Society? However, when the issue of the corporation to serve the society arises, then it kind of compromises the main focus of the corporation, which is to make money. These have been the major causes of […]
Money Role in Macro Economy The dollar is till now the most accepted currency in the world and this dollar fluctuation that has been caused by the worst recession in American history since the time of the Great Depression is […]
Organizational Communication & the “Money” Aspect While the use of this information is critical for both ensuring survival of the organization and being a frontrunner in its strategies for the future, there are large boulders in use of this information effectively, […]
Tax Money Usage on Military Spending Issue The fact that America won the Cold War and defeated the Soviets is taken as a vindication by the American leaders of the need to continue military spending.
Money Makes You Happy: Philosophical Reasoning It is possible to give the right to the ones who think that money can buy happiness. This conclusion is not accepted by psychologists who think that wealth brings the happiness only in the moment […]
“Who Says Money Cannot Buy Happiness” by Lee Investment is a production process for will it bring about goods and services that can be sold to the market and in the process, the owner of the business makes some profit.
Technical Analysis as Active Money Management Method Technical analysis is the financial markets methodology that asserts the capability to foretell the probable course of security charges by the means of past market data study, principally price and volume.
Spare Change: Giving Money to the “Undeserving Poor” To address the central theme of the article, one need to delve deeper into the psyche of giving alms and money to the poor people we meet on the street.
The Use of Money in Business Practices Money is seen as the cause of problems and especially in the minds of emerging market respondents. Through this they can pick up groceries for the old in their neighborhood and make money from this.
Money Laundering and Terrorist Finance However, the balance money after the sham gambling is transferred to another ordinary bank account, thereby creating a legal status for the laundered money as if it has come from gambling and will be employed […]
City Planning. Too Much Money: Why Savings Are Bad The scenario is that the expected growth in economies where the rate of savings is high has not shown a corresponding increase in growth rate also.
Debates in Endogenous Money: Basil Moore The value of the currency was determined by the value of the precious metal used to mint the currency. From the time Federal Reserve took control of money and credit, economic consistency is attained by […]
Money and Banking. Financial Markets The essay will examine the essence and the importance of the above-mentioned financial phenomena and see how their interrelation, especially in the negative context, can influence the state of things in society.
Money and Justice: High-Profile Cases It is estimated that thousands of persons bracketed in the ‘poor’ sector of society go to jail annually in the United States without having spoken to a lawyer.
Relation Between Money and Football In the English league, clubs have been spending millions to sign up a player in the hope that the player will turn the fortunes of the company for the good.
Accounting for Public Money After Railway Privatization There were very many problems prior to the railway privatization in 1990.one of the problems that led to the privatization of the railway line in the UK was the misappropriation of taxpayers’ money.
Time Value of Money and Its Financial Applications The time value of money refers to the idea that money available at the present time is worth more than the same amount in the future, due to its potential earning capacity.
Time Value of Money in Examples Therefore, re-purchase of the shares appeals to the managers of the company because it will allow the company uses the money to regenerate more money for the purpose of repurchase the shares in the future.
Wall Street Managers: The Art of Making Money In the end, the goal of Wall Street managers is to ensure optimal returns in all of their investments. The evolution of Wall Street managers is etched in the history of financial markets.
Money Laundering in the USA and Australia The International Money Fund has established that the aggregate size of money laundering in the World is approximately four percent of the world’s gross domestic product.
Locke’s Second Treatise of Government and Voltaire’s Candide’s Value on Money Both written at a time when philosophers had started questioning the relevance of capitalism and the concept of wealth creation, it is evident that the two authors were keen on explaining the power of money […]
The Concept of Money Laundering The first issue I have learned is that the main problem lies in the presence of Big Data that includes trillions of transactions of various financial organizations and systems.
Fraud, Money Laundering, and Terrorism Financing After the audacious attack by Al-Qaeda and the destruction of the Twin Towers on 11th of September 2001, terrorism was declared the number one enemy to the peace and stability of the modern world.
Time Value of Money – Preparing for Home Ownership The purchase price of the house is determined by using the following formula in Excel. 66 The down payment is 20% of the future value of the house, i.e, $40,278.13.
Martin Van Buren: Money and Indian Relocation One of the reasons for such collaboration and understanding is the focus on the values we have. I believe this path will bring us to the land we all would like to live in.
The General Theory of Employment, Interest and Money Money is a determinant of the propensity to consume; hence, the more money one makes, the more that he or she consumes and the converse is the case.
The Practice of Saving Money Knowledge of the language is also a very crucial component of EAP as it aids the learner in understanding questions and responding to them in their examinations.another differentiating factor between the two varieties of English […]
Money Market and Value-Based Pricing Consequently, the GDP can be defined by the equation: Y=C+I+G+NX where: Y= Total GDP, C=Consumption by household, I=Investment, G=Government expenditure, NX=Net Exports Net Domestic product entails the reduction of the GDP by the depreciation of […]
How Money Markets Operate? Furthermore, only free markets have shown the resilience that is necessary to accompany the fluctuations in demand and supply of the money markets.
Access Right to Money: Sculpture Theft Among the suspects, there are those in dire need of the money due to financial problems, while others need the values worth of the item and not the actual monetary price attached to the item.
History of Money in Spain The production of coins melted from gold also ceased in the year 1904, with the production of that melted from silver ceasing in the year 1910.
Money Flows and Financial Repression in the US and China From the article, the authors depict how the interest rates in developed countries like the United States compare with those of the emerging markets such as China, India, and Brazil.
Management: “Marketplace Money” and “Undercover Boss” In this case, the accents are made on the support of the healthy workforce in order to guarantee the better employees’ performance and on the idea of rewards as the important aspects to stimulate the […]
Money Compensation for Student-Athletes Besides, sports are highly lucrative for colleges, and students whose labor brings the revenues should share the part of them not to lose the interest in such activities.
Chapters 1-3 of “Money Mechanics” by David Ashby The retained amount of money in the commercial bank is the primary reserve. The banks can decide to reduce their working reserve, and the money obtained is transferred to the excess reserve fund in accounts […]
Banking in David Ashby’s “Money Mechanics” Changes in prices may not have a direct effect on the gross domestic product and the planned expenditures because this is determined by the money that is in supply. This causes the GDP and prices […]
Karl Marx on Commodities, Labor, and Money Division of labour is very important in the production of commodities. The use-value of each commodity contains useful labour.
The UAE Against Money Laundering and Terrorism Financing This valuation of the anti-money laundering and combating the financing of terrorism government of the United Arab Emirates is founded on the forty endorsements and the nine special commendations on extremist supporting of the monetary […]
UAE Anti-Money Laundering Laws and Their Benefits The legal maintenance of counteraction to the legalization of criminal incomes is carried out by means of a system of laws and regulations, controlling financial, bank, and customs relations and establishing the order of licensing […]
Money, Their Features, Functions and Importance The first hindrance is the inability of the household to monitor the activities of firms. In this case, it is used to state the value of debt.
Happiness Without Money in Sociology and Psychology The tendency’s mechanics are simple – being in the possession of any substantial sum of money increases a person’s chance to secure a dominant status within the society, which in turn will result in strengthening […]
Money Market Development Factors The money market is one of the fundamental elements in the functioning of any state. Under these conditions, the gradual rise of technologies and their implementation in the sphere of financial operations alter the money […]
“God’ Money is Now My Money” by Stanley Seat It could be said that different priorities and the lack of time for supervision of the employees are the critical reasons for the violation of rules and high frequency of fraud in the religious institutions […]
International Money Laundering Thus, money laundering has a profound impact on the state of the global economy, as well as on the economy of the U.S.
Cybercrime and Digital Money Laundering The result of the investigation was the indictment of Western Express and a number of the company’s clients for several charges including stolen credit card data trafficking and money laundering.
Hawala Remittance System: Anti-Money Laundering Compliance The existence and operation of money remittance systems is one of the primary features of developing economic relation at all scales from local to the global ones.
Time Value of Money in Economies of Scale Also, the investigation of the VoF becomes easier by means of scrutinizing the tradeoff between the TVM and the EoS. The TVM is also employed to reach the integration of infrastructure investment valuation and risk […]
Time Value of Money in Investment Planning The author of the post makes a good point that an amount of money is worth more the sooner it is received.
David Leonhardt: May Be Money Does Buy Happiness After All The case study of Japanese citizens that support Easterlin paradox do not factor in the confounding psychological effects of the Second World War on the entire population and the country.
Illegal Drug Use, Prostitution and Money Laundering Upon discussing the impact of money laundering, illegal drugs, and prostitution, the paper proposes the issuing of a court order restraining the use of wealth acquired from victimless crimes as one of the approaches to […]
Getting Beyond: Show Me the Money Nevertheless, underpayment and overpayment are common, leading to dissatisfaction. Notably, compensation is part culture, but analytics will gain traction in the big data era, as start-ups leverage such advantages from experts to manage a sales […]
Space Programs: Progress or Waste of Money? According to Ehrenfreund, the ingenuity to develop technologies and work in space is part of the progress that comes from space programs. Space programs have led to the development of technologies that improve air transport.
“The Money Machine: How the City Works” by Coggan The media plays a chief role in educating the public concerning the various financial matters that affect the undertakings of the City.
Money Evolution in Ancient Times and Nowadays In the means to defining what money is, most of the scholars from the psychological and physiological field have come up with the theoretical aspects of money and the ways it influences the economic growth […]
Fraud and Crime Theory in the “Black Money” Movie The movie shows the irregularities involved in the acquisition of arms for the Saudi government. The movie is a perfect display of the international crimes and financial fraud that has been on the rise in […]
Mercantilism, Stamped Money, and Under-Consumption It is paramount to note that he criticizes ideas of Ricardo quite frequently, and he believed that he did not consider the ideas that were suggested by other prominent economists.
Money Evolution in the 21st Century and Before The history of the world cannot be described effectively without identifying the function of money. Money has been used to measure the value of resources and financial markets.
Financial Crisis in Ferguson’s “The Ascent of Money” By Ferguson, the main purpose of the historian is to relieve humanity from the financial illusions on the examples of the past.
Monetary Policy in “The Ascent of Money” by Ferguson
The Airtel Money Service: Indian and African Paths
Money History, Ethical and Social Standarts
World Money History in the 20th Century and New Objects of Value
Locke’s Work on Interest and Value of Money
Money in the “Sheriff of Cape Breton” Case Study
Medieval England in “Treatise on the New Money”
Treatise on the New Money: Document Analysis
Human Bondage in Ferguson’s “The Ascent of Money”
Money History, Bonds, Market Bubbles, and Risks
Park Avenue: Money, Power and the American Dream
Deflation in the Quantity Theory of Money
Money, Its Purpose and Significance in History
“Who Stole the Money, and When?” by Greenberg
Money History From the Middle Ages to Mercantilism
Money Development From 600 BC to Nowadays
Money Development and Its Stages in World History
Market Society in “What Money Can’t Buy” by Sandels
Employee Theft in “Who Stole the Money, and When?”
European Union Anti-Money Laundering Directive
Park Avenue: Money, Power and the American Dream – Movie Analysis
T-Shirts “SENIOR 2016” and Time Value of Money
Time and Money in “Neptune’s Brood” by Charles Stross
Virgin Money Company’s Business Model in Canada
Money in History and World Cultures
Is College Education Worth the Money
Artworks Comparison: Les Demoiselles d’Avignon and Tribute Money
Weddings, Marriage, and Money in the UAE
Money and Happiness Connection – Philosophy
“Art for Money’s Sake” by William Alden
Money’s and Banking’ Concepts
Central Bank of Bahrain and Money Supply Regulation
Why Money Is Important: Benefits & Downsides
Psychological Research: Money Can Buy Happiness
Finance: The History of Money
Finance in the Book “The Ascent of Money” by Niall Ferguson
Criminal Law: Blood Money From the Human Organs Sale
Money as an Emerging Market Phenomenon
Cyber-Crime – New Ways to Steal Identity and Money
The Case of Stolen Donation Money
Money and Banking: The Economic Recession of 2007
Money and Banking: David S. Ashby’s Perspective
Christian Moral Teaching and Money
Money and Capital Markets: Turkey, India and China
Money and Capital Markets: Central Banks
Anti Money Laundering and Combating the Financing of Terrorism
Mobile Money Transfer as an Alternative Product for Vodafone Group Plc
UK and USA During the Period 2000-2010: Consumer Price Index, Unemployment Rate, Money Supply and Interest Rate
Money Mechanics in the U.S.
Money and Markets vs. Social Morals
Money Laundering In Saudi Arabia
Inflation Tax – Printing More Money to Cover the War Expenses
Banks and the Money Supply
Money Mechanics in Banks System
Money Laundering In Russia
Money and Work Performance
Money Supply and Exchange Rates
Mobile Money Transfer Service
Central Banking and the Money Supply
The Different Roles Played By the Central Bank, Depository Institutions, and Depositors in the Determination of Money Supply
Jean-Jacques Rousseau and Karl Marx: The Role of Money in Human Life
How Saudi Banks Deal With Money Laundery
The Ascent of Money
Niall Ferguson’s ‘The Ascent of Money’
Role of Money in the American Dream’s Concept
Money, Motivation and Employee Performance
Money and Commodity Circulatory Processes
Opinion on the Importance of Money
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Sports Industry: Morality vs. Money
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Federal Reserve and the Role of Money in It
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How Appealing Are Monetary Rewards in the Workplace?
How Does Inflation Affect the Function of Money?
Can Banks Individually Create Money Out of Nothing?
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Does Money Protect Health Status?
Can Cryptocurrencies Fulfill the Functions of Money?
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Are Athletes Overpaid Money Professional Sports?
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Chaos, Injustice and Joy: This Year’s College Essays About Money

Each year, we ask teenagers to send us their application essays about work, money or social class. Here are four, from California to Cambodia.

Left to Right; Sydney Carroll, Sam Smith, Haley Song and Shane McDermott Credit... Photos by Hailey Sadler, Peter Hoffman, Tina Hsu and Lee Klafczynski for The New York Times

Supported by

By Ron Lieber

Dec. 16, 2023

Some of the most basic questions about money are also central to figuring out what and who you want to be: What do I have, what do I want, how does that compare to others around me and how should I feel about it?

In The New York Times’s 10th year of publishing teenagers’ college application essays about money, work, social class and other related topics, all four writers grappled with these questions in their own ways.

How should I handle my parents making a drastic change in how they earn their living? What will I do to get money, and why? What can I learn from careful attention to physical money itself? And how should I best process the riches and poverty that coexist within feet of each other — and of me?

None of the questions have easy answers, or correct ones, necessarily. But learning to ask the hard ones is a giant step toward understanding your place in the world.

Sydney Carroll

“We took ‘family owned and operated’ to a new level.”

Franklin, Tenn. — Battle Ground Academy

A portrait of a young woman staring off into the distant as the sun shines on her face.

When you meet new people, there are things you immediately know: their hair color, their height, their fashion sense. As for me, I also immediately know who they voted for, that they’re a proud N.R.A. member, or that they support the “sanctity of life” and Southern “heritage.”

That’s because I work at my family’s carwash, so naturally my first introduction to people is their bumper stickers.

I didn’t always work at a carwash in the outwardly beautiful, but decidedly fraught, Columbia, Tenn. In fact, until I was 14 my father worked on Wall Street — the New York one, not the Tennessee one boasting our county’s only Chipotle.

But when my 40-year-old aunt died, my parents engaged in radical grieving methods: having complete midlife crises, leaving their stable jobs, moving us 950 miles away to Nashville and opening a carwash. As you can imagine, my parents’ crises translated to an entirely new crisis for me. In Tennessee, it often feels as though I stick out like a blue crayon in a 125-pack of red crayons (with a sharpener attached).

When my family opened the carwash, we took “family owned and operated” to a new level. My dad traded in his khakis and button-down shirt for shorts and industrial work shirts with our logo on the pocket. My mom abandoned her past experience managing accounts with Cartoon Network and pivoted to making WindMaster signs telling people not to hit other people.

And me? I went from an eighth grader to an assistant manager.

I know things that virtually no other 17-year-olds know or want to know: how to grease equipment, the perfect mixture of chemicals to get algae off cement floors and the best way to dodge a car flying directly at you. I’ve also had the pleasure of being the on-duty manager when cars have crashed in our parking lot, leading to my trying to work a brand-new surveillance system while profusely apologizing to the police, who very obviously wished an adult was present.

There are, however, things that have happened at the carwash that are far from funny. As a female and a minor, customers have made comments and jokes when talking to me that have made me feel deeply uncomfortable, exposed and, most importantly, out of place.

It’s hard to feel I belong in Tennessee, where we’re on the news weekly for a new book ban, shooting or shutdown of a Pride festival. I’m entrenched in a place where so many interactions feel like a contradiction of everything I stand for. It’s not easy to accept that our regulars — the people I’ve grown to love who always bring me a caramel candy or a water or show me pictures of their kids — don’t believe in my right to reproductive health care. Some of them carry guns, and most of them are unvaccinated. They care about me, but they don’t care about me.

And they’re never going to truly know me, the me who marches in protests and works on political campaigns. Part of the reason for all those loud bumper stickers is that we live in a time of not only great division, but even greater hatred. I’ll admit I’m no angel, but I truly believe that activism must come from a place of love. So I’m going to keep fighting for what I believe in, not in spite of but because of the people I disagree with.

Although the carwash regulars may not fight for my rights, I love them enough to fight for theirs. I’ll fight for them to have free universal health care, for their kids’ guaranteed school lunches and for a fairer economy.

I may be ready to leave Tennessee, but its future matters to me. So while I’m here, I’m going to try to change some minds, whether it’s one door, one protest or one carwash at a time.

“I have always been ‘The Money Man.’”

La Jolla, Calif. — La Jolla High School

There it is. The little mutant, who is supposed to be immortal, lies still, right beneath our noses.

The sun pulsates down on our backs as midday approaches on a scalding day in San Diego. The cockroach lies still, sprawled across the floor with one of its six legs pointed in each direction. An assemblage has emerged around the dead invertebrate, as our posse quarrels about what we could do with this prospect.

“Bet you won’t eat that cockroach right now,” challenges one person.

“Ten bucks says I will!” I shout confidently.

The small crowd grows into a state of silence, as heads begin to turn toward the instigator, then back to me, anticipating a standoff.

I have always been the “Money Man,” so being offered to eat a cockroach, or any other similar requests, in exchange for monetary value was a common occurrence. I cannot explain why $10 entices me to conquer obscure feats. I have had a fortunate childhood where my earned dollars would typically buy a Snickers bar for my enjoyment.

Oftentimes, I ask myself why these trivial challenges matter? My father’s job requires him to live on the other side of the globe for six months each year. His absence in my life has left me with an insecurity that no money can buy.

From a young age, I had to learn to live without a father figure. Our trips to Mission Bay Park were always cut short when his next rotation came, leaving me to teach myself how important a spiral was when throwing a football.

As a child, I quickly learned not everyone lived a life like mine. Growing up, due to my father’s job, we lived overseas, providing me firsthand lessons in the value of money. I have witnessed poverty at its worst. Living abroad opened my eyes to the sheer number of people who would consume a cockroach for an American $10 bill.

I watched children who were 5-years-old in China doing backbreaking work for their families, just to make ends meet. Or beggars lining the streets of Egypt as their prestigious neighbors parted the road in their gold-plated G-wagons, spending millions on parties and feasts rather than helping their predecessors. Or my own family members in Mexico, who begged us to bring back clean water jugs and books for them and their children.

I may be privileged, but I have seen every nook and cranny of what it takes to make it in life. So, when the opportunity comes to make an extra dollar, I understand its value and embrace it.

Maybe I am money-driven, because it is my everlasting belief that I have every reason to make it in life. I have witnessed people come from immense poverty. So, I have no excuse to not make it, because people around the globe, who have so much less than me, still manage to hustle their way to the top.

Maybe it is the belief that if I learned the value of a dollar at an early age, I would be able to help my many family members struggling on the other side of the border. Maybe that is why I took a job in construction, not because I needed the money, but because I understood its importance.

I hope attending college, something most of my family couldn’t do, will allow me to both help provide for them financially and be present in their lives. My family taught me the importance of a dollar, no matter what, even if I had to become “Cockroach Guy.” My value of money and understanding of its global meaning will hopefully help me succeed in the classroom and beyond.

Shane McDermott

“This was my very first experience blowing $300 in a day.”

Brooklyn, N.Y. — Brooklyn Technical High School

I stepped out of the bank, my eyes tracking the silver- and copper-colored specks shimmering beneath the water of the fountain.

Reaching into my pocket, I watched a man fling a coin in anticipation of his wish coming true. I slid my fingers along the edges of my quarters, contemplating throwing one in myself. However, I couldn’t toss away a potential winning lottery ticket that easily. I grasped the rolls of coins just tightly enough to leave slight imprints in my palm and headed for my car.

Once home, I commenced the familiar sorting process I performed with all the coins in my collection. I cracked open the rolls of quarters on my desk, inspecting the sides to see if any coins had silver cores. The tangy scent of copper swirled around my room as I separated the coins by date, looking online for possible prices and potential error coins — coins with manufacturing flaws.

My eyes lit up. I’d found one: A 2005-P Minnesota quarter with a reverse double die, a duplication of design elements on the back.

I quickly positioned the coin into a small case, scribbled an estimated $60 value and carefully piled it in my wooden drawer with the other rare coins. Although it was just a bargain-basement case, it was far superior to the makeshift ripped paper and tape “cases” I had been using as a new collector.

I reached into the back of my drawer and picked up a 1981 Australian 20-cent piece, one of my first-ever foreign coins, and also my favorite. I turned to the reverse. Having lived in the United States all my life, it always fascinated me to see a platypus rather than the freedom bird staring back at me.

I spun the coin between my fingers while looking through the other quarters. It invariably reminded me that I was never this prudent with my money before; my coin collection was more of a monthly holiday, rather than a facet of everyday life.

My original connection with coins arose from my grandmother’s many trips around the world. When she had come back from South Africa, she let me check out some coins and bills from the bottom of her purse. However, when I peered inside and saw one remaining coin that was the most vibrant gold color, my 8-year-old mind couldn’t help but want to entertain myself with it.

The coin in question: An early 1960s 2 Rand, valued at well over $300. It felt like a small-scale quarter but had far more pronounced ridges along the edges and was significantly heavier.

I remember holding it in the palm of my hand; the peculiar heft felt as if it was going to push my arm down. It had a stunning image of an antelope on the reverse that apparently made me think it was actually an antelope.

I made the ingenious decision to have the “antelope” gallop on a railing over the steep embankments of Riverside Park. This was my very first experience blowing $300 in a day, and I didn’t realize until years later what I’d lost.

After the antelope incident, I made sure to keep the rest of my coins safe and secure, leading to the development of my attentive sorting routine. I scanned all the remaining coins and double-checked to make sure I hadn’t left any treasures behind, then scraped together the quarters and placed them back into rolls. I headed back to the bank to trade in the quarters for pennies so I could once again attempt to bolster my collection.

On the way out, I again saw multiple people tossing change into the fountain. But the smiles on their faces quickly turned to frowns, for I took off my shoes and, not wanting to let wishes go to waste, rolled up my pants and hopped in with a bucket.

“Kickstand up, ignition growling and helmet firmly on, the world is new again.”

Phnom Penh, Cambodia — Logos International School

Through the morning haze of dust particles, car exhaust and visible heat waves, my mind races faster than my motorbike’s 30 kilometers per hour. A world filled with incomprehensible, outdoor merchant hollers and a window pane delivery man on a motorbike tempts the curious and analytical.

As my mind races with curiosity, I am challenged as a driver. Another motorbike’s sudden swerve or a cloth thought to be roadkill makes me jerk for my handlebar brakes. Although keen, my senses are not supernatural; nothing can account for the lawless roads of Phnom Penh.

My daily drive to school is anything but monotonous. Our starting node is dropped in a gated community. Kickstand up, ignition growling and helmet firmly on, the world is new again. Amongst the houses passed, a pattern emerges of villa, Lexus and renovation — a gold spray-painted gate or a large green overshade — giving me a peek into the homeowner’s head. Although the thought of finding rushes of neural activity in their actual brain sounds endlessly exciting, I am content with deducing their aesthetic values — for now.

Before bidding the neighborhood guards farewell, I stop very carefully for the woman driving a Rolls-Royce with an infant in front while a woman pulling a tin wagon of brooms and foliage pulls up behind me. Questions of luxury car shipping, infant safety and wagon construction are trumped by the irony and tragedy of the gap I create between them.

I join the hubbub of commuters spreading like liquid particles filling in every ounce of empty space. I reject an opening to swerve through two large cars, but apparently, my depth perception fails me as another driver seizes the opportunity.

My recent failure to calculate time and acceleration fades, as I ponder humanity’s natural acclimation of skills. I take the first and second virtues of volleyball, aggressiveness and communication, to heart after my failure. A traffic light’s contradictory instructions open the traffic floodgates, but I make it through with deliberation. Every yellow light run and sidewalk driven on drops me into a thought experiment on human nature. Although for me, questions of habit, the inorganic nature of driving and social pressure rise before the innate chaos and evil of the human soul.

Signage in Khmer, English, Chinese and Korean becomes as legible as my abilities allow as my motorbike comes to a halt. A truck filled to the brim with factory workers blocks my path. The intersection’s green light flashes, and the truck continues straight, just missing the turn to the brand-new H&M in the country. It is a wonder that they didn’t make one earlier, considering how cheap the transportation fees would be.

Seeing the manifestation of global issues makes me realize that I will always appreciate Model U.N. for the large-scale awareness, but I could have never felt the weight and burdens of the world without everyday life. Ingrained systems built on poor foundations cannot be easily rebuilt. With little things like not running yellow lights or connecting impactful NGOs with students that want to help, I can try to help support a new foundation.

Through the outdoor market, past the conglomerate’s mall and turning to face a neon construction sign road, I am finally on the road leading to my school. The concept of sequent occupance has always stuck with me. From the broad effects of genocide to the more minute classification of “charred animal on spit,” everything is an amalgamation of its past and present.

The chaos, injustice and joy of the roads of Phnom Penh have fundamentally made me who I am, and I will only continue to grow as I leave them. As I pull into the parking lot, I know that my education has started far before the bell has rung.

An earlier version of Sam Smith’s essay in this article referred incorrectly to a cockroach. It is an insect, not an arachnid.

How we handle corrections

Ron Lieber has been the Your Money columnist since 2008 and has written five books, most recently “The Price You Pay for College.” More about Ron Lieber

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Using the large collection of crusader coins at the Museum of the Order of St. John as a starting point, this paper explores some of the non-monetary roles that coins played in the crusading world. A significant number show evidence of secondary use, with some being pierced for suspension to be used as items of jewelry. Through this transformation such coins would have lost their monetary value but would have gained new values that were just as powerful. These coins were probably worn as amulets, their effectiveness and power being aided by the materiality, function, and iconography of the coins themselves. This paper argues that in being worn, held, and touched, these repurposed coins were used by individuals in their everyday experience and expression of belief within the changing sociopolitical landscape of the Latin East.

Alessia Rovelli

The Numismatic Chronicle

Tomislav Bilić

The paper introduces a new category of Tauriscan coinage, the coins produced in the Đurđevac (Gjurgjevac) tradition, inspired by the mid-2 nd century silver tetradrachms named after a hoard discovered in northwestern Croatia in 1887. The newly recognized group consists of late, coarsened, weight-reduced and debased tetradrachms, often also reduced in size; the debasement is documented by metallurgical (SEM-EDS) analyses. The gradual debasement, coarsening and weight and size reduction most probably reflect the pressure or influence of the Roman state and its expansionist policy towards the region inhabited by the Taurisci tribal alliance, a phenomenon also encountered elsewhere in temperate Europe. Nevertheless, the modification of local minting practices did not cause a definitive break with earlier tradition, but rather represents an accommodation of previously established monetary customs to novel circumstances.

in: A. Lichtenberger - R. Raja (ed.), The Diversity of Classical Archaeology (Studies in Classical Archaeology 1; Turnhout), 131-140

Achim Lichtenberger

independent

David R Willis

This paper examines the distribution of coinage from the 7 th and 8 th centuries in the county of Kent and some of the surrounding area from an archaeological perspective to see what this distribution and the type of coins found can tell us about the relationship between people and material culture during the middle Saxon period in Kent. It will use archaeological methods not commonly applied to the area of numismatics to gain a deeper understanding of trade and cultural practices of Kent in the seventh and eighth centuries. It will compare the numismatic data in Kent to neighbouring counties Sussex and Essex. Additionally, it will explore how the numismatic data merges with the topography of Kent. It will also show the differences in the usage of gold and silver coinage as well as exploring how trade in Kent operated differently compared to the rest of Southern England. Finally, it will examine how the iconography of these coins can be used to trace the complex development of the Anglo-Saxons and how their coinage evolved through this period into its own distinct English form.

Robert Bracey

An editorial piece as part of a themed issue on collecting.

J. Naylor and R. Bland (eds) 'Hoarding and the Deposition of Metalwork from the Bronze Age to the 20th Century: a British Perspective.' Oxford: Archaeopress, 101-116.

Peter Guest

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Essay on Money for Students and Children

February 5, 2022 by Sandeep

Money was invented as early as 5000 BC in Europe. Previously, the barter system was used to exchange goods and services for products. Money helps us buy things and commodities and earns respect and dignity in social life. Money as a factor gives financial stability and creates great opportunities for humankind. Below we have provided an essay on money for class 4, 5, 6, 7, 8, 9 and 10. This composition is helpful for school students who are willing to participate in the essay writing competition.

Essay on Money

Money is an essential commodity for survival, used to buy goods and services. It is in the physical form of coins, notes, and cheques. A barter system was introduced to exchange goods and services during ancient times. For instance, a tool was exchanged for clothes or food items. It seemed pretty straightforward, but the trade was supposed to fulfil both the parties’ needs, or it would not occur.

Then in 600 B.C, the coins were minted and used as the official currencies of many countries. The pioneers who invented coins were from the kingdom of Lydia in Turkey. These coins were made of metals like gold, silver, bronze, etc. The kings and queens stamped pictures of themselves or their gods and goddesses, which acted as the denominations and identity to the kingdom.

Greeks made more significant coins and believed that coins had magical powers. Romans stamped their emperor’s picture to make him famous. The Tang Dynasty invented paper money in China during the 7th century. Paper money was lightweight, foldable, and portable because bigger pictures, denominations, and names were printed easily.

Impact of Money on Human Life

Everybody dreams of becoming rich in terms of financial status and improving their living standards. It affects our behaviour to a larger extent and alters our time and effort. Any work or task which guarantees money is always done faster and in a better way. Money cripples our values like empathy and compassion. We tend to become more and more materialistic.

Ego and attitude take over, and an individual starts displaying harsh and aggressive behaviour. This hurts others by making disparaging comments about an individual’s personality or financial stature. Researchers have found that children and adults who belong to affluent backgrounds fall prey to drug addiction due to heavy pressure and negligence from parents. They are vulnerable and weak because of the lack of guidance and support, and no one is present to correct them.

Love and care are absent, but money is available abundantly. So these children bully other kids into venting out their frustration and jealousy and end up being brats who lack moral ethics. Academically they perform poorly, and their grades drop eventually, thus paralysing their self-esteem and morale. Earning money and maintaining status becomes compulsive. This involves people addicted to gambling, eating, and shopping for luxurious and high-end brands.

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Essay on Use of Coins as Money

In 4 th -5 th century Mesopotamia, Egypt, Greece, Rome were having their own banking activities which were becoming more specialized private and public bodies. Temples also started undertaking more financial activities governed by specific rules and regulations. In INDIAN history Manu Samriti provides rules for trading, commerce and money. The Arthshastra by Kautylaya also prescribed extensively the norms of trading, commerce, lending and borrowing money along with taxation.

Although the history of banking goes back much further than the history of coinage but with the invention of coins functioning of banking became more systematic. Invention of coins not only provided means of a standard type of units to measure the value of money, it was widely accepted as medium of exchange or say payment. Coins were durable enough to store for a long time.

The first coin said to have been minted in Lydia(Turkey) was made of Gold and Silver known as Electrum. Each had its own pre decided weight to determine its value. Around 570-550 BC the king of Lydia introduced pure Siler and Gold coins also. Alexander The Great (330-320) BC introduced coins in the entire lands captured by him.

These coins were not only made for money but these depicted many facets of each Civilization, Kings, Rulers etc. In Rome coins depicted imperial families,. Roman emperors used coins even for political purposes, Ghyn Devies writes.

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“Coins were by far the best propaganda weapon available for advertising Greek, Roman or any other civilization in the days before mechanical printing was invented”. During middle age (300-340) AD the christen Church had become more forceful than the Empire. During this era coins depicted Christ, The Virgin and various other saints.

Coins in addition to money value has contributed much to the ancient history also. Indian BRAHMI SCRIPT was deciphered on the basis of Indo-Greek bilingual coins. This also establishes the trade and commerce activities between India and Greek. The coins reveal a number of events mentioned in Puranas, Veds and also in New Testament as well.

In ancient India a study of Harrapa and Mohanjodaro (2500-1700BC) reveals the use of coins for trade and commerce activities. Most of these coins were made of silver and were marked stamped or punch marked to differentiate their value. During Kushan Dynasty during 176-156 BC Kushan Kings introduced Gold and silver coins.

In fact Kushan were neomadic people and word is derived from Chines hoistorical writings. Due to dynastic disunion among Palvas the Kushans established their Dynasty in north-west part of India. Their kingom flourished and trade expanded to china, Central Asia, Egypit, Rome etc.

In 4 th -6 th AD Gupta coinage depicting Kings and Deities were made in Brahmi script. Samudragupta, Chandegupta and Kumargupta were icon of coins of their periods. There is long records of coins in India thereafter also. In post Gupta period 6-12 century coin of Harsh were also made. Presence of Byzantine coins in western India shows the signs of trade with Eastern Roman Empire.

Among South India coins belonging to Chalukas, Palva, Chola, Pandya etc. were introduced during 12-15 century. During Mughul & Medieval history of Indian Coins did not depict any image of King, Queen or human being as it was banned in ISLAM.

As such Ayats of Kuran in calligraphy were inscribed on coins In 1300-1400AD under the empire of Khilji and Tughlak coins issued were having value less than the value of metal used to make these coins. These were known as token Money or fiduciary coins.

In India each dynasty or kingdom had there own coins with different values difficult to measure the value of money contained in them. It was during Mughul period that some type of uniformity was brought for consolidation system of coins. It was during the time of Sher Shah Suri 1540-1545 AD that the coins made of silver known as Rupiya which even today is legal tender in Indian currency

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Essay On Money: 10 Lines, Short And Long Essay For Children

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10 lines on ‘money’ for kids.

A Paragraph On ‘Money’ In English For Children

Short Essay On ‘Importance Of Money’ For Kids

Long essay on ‘money’ for children, interesting facts about money for children, what will your child learn from this essay.

Money’s history goes back to the days of the barter system in Western Europe when traders would exchange goods/services for another product. Various countries had unique ways of trading before the currency was developed. Money is an essential commodity used to survive and thrive. We cannot live without money, and it covers our basic needs. Children need to understand the role of money in daily life. Writing an essay on money for classes 1, 2 & 3 is the best way to start.

Without money, it would be not easy to enjoy a degree of freedom and improve the quality of life. Given below are some critical points to remember when writing an essay on the value of money.

An essay has three basic parts – introduction, body, and conclusion.
Write an introduction emphasising the value of money in our life.
Include points like the importance of money, things we can do or buy with money, its global acceptance, etc.
The conclusion should summarise the points mentioned above.

Money is one of the easiest ways to gain trust and garner reputation since it is backed by value. It’s a mode of convenience and can be stored in different ways. Here are a few lines on money when writing an essay for classes 1 and 2.

Money helps you buy materialistic things like homes, cars, toys, and other tangible assets.
Earning money adds meaning to people’s lives and gives them hope, so teach them the value of money.
Money lets you enjoy freedom since it prepares you for early and comfortable retirement.
The purpose of making money is not just to pay bills but improve your overall quality of life.
The difference between the rich and poor is how the people plan and manage their finances. Anyone can become rich in life if they spend their money wisely.
Money can improve your health and happiness by buying better quality food and shelter.
Hard work, dedication, and passion are all essential qualities needed to make money.
Money brings equal opportunities to all individuals across the world.
Money can help afford better education and open up multiple career options.
If money is misused, it can lead to terrorism, pandemics, starvation, corruption, and other manmade issues.

A Paragraph On ‘Money’ In English For Children

Kids must understand the value of money and its requirement in daily life from an early age. Given below is a short paragraph on money for their reference:

Money can be one of the biggest motivations for learning new things, improving well-being, and striving to make the best of life. Without money, people can lack purpose and be easily demotivated to continue moving forward. Money is a basic need through which all our other requirements are met. We need money to buy resources such as food, drinks, clothes, and leasing or renting properties. Money is also essential for various things like school fees, paying salaries to employees, and starting a new trade line or work. Every country has its own currency. The Indian currency is the Indian Rupee.

Money is one of the most crucial factors for living a comfortable life. Below is a short essay on the importance of money for kids:

One of the best reasons to accumulate money is that it stores its value. The worth of Rs. 1,000 today will remain the same a few months later. Money is used as a widely accepted payment method in different countries, and governments recognise it as legal tender for paying off debts, both public and private. Every country has its own currency. The Indian currency is the Indian Rupee. Printed paper notes are accepted by professionals who offer various services such as car repairs, medical treatments, cooking, beauty and salon treatments, etc. Money can be stored in a bank and be exchanged for other commodities such as gold, bonds, stocks, shares, and investments. There are many forms of money used throughout human history, and the best characteristics of money are durability, uniformity, divisibility, and limited supply. Money classifies your status in society. Education, hard work, and perseverance are essential skills helpful in making money in the long run. Every person in the world works hard to earn money, and it’s vital to possess in-demand skills so you can get jobs in the market.

Money is crucial for fulfilling the basic survival requirements in today’s time. Here is a good long essay for class 3 on money:

Money is essential; in today’s world, nobody can survive without it. There is a saying that money makes the world go round, and it’s true. You can fulfil most of your dreams by spending money, and it’s a fact that earning good money classifies your income status. Education, hard work, and perseverance are essential skills for making money. Every nation has its own currency, and the Indian currency is the Indian Rupee.

Evolution Of Money

Here are the stages money went to undergo an evolution:

1. Commodity Money

In the days of early civilisation, any commodity used for exchanges or transactions was considered money. For example, if you had conch shells and wanted a cow, you could exchange those conch shells to get a cow!

2. Metallic Money

This took the form of metals like gold, copper, silver, etc. So, you would trade with these metals. For example, trade one piece of gold for 4 pieces of silver.

3. Paper Money

After metals came paper on prints, this is the dollar or rupee we know today and regulated by the RBI or similarly concerned authorities.

4. Plastic Money

Credit and debit cards fall under plastic money.

What Are The Uses of Money?

Money is used for:

Buying goods, services, products, and various essentials
Repaying debt and as legal tender
Holding finances and storing them for their value as long-term investments or savings
As a medium of exchange and for donations to charities
Purchasing gold, silver, and other tangible assets

How To Teach Your Child To Save Money?

Here are some tips to guide your kids on the importance of saving money.

1. Reward Them

Give your child an incentive to save money. The best way is through rewards such as giving them bonus money at the end of every month, in exchange for saving more.

2. Encourage To Set Goals

Inculcating a positive money mindset is key to saving and growing finances. Teach your children the importance of saving for their future.

3. Gift A Piggybank

A piggy coin bank is a great way to save money. The kids will get obsessed with filling it up and waiting for the chance to break it open! Great motivation.

4. Let Them Work

Allow your kids to do odd jobs or take up summer vacation work if they want to. This will give them valuable life experiences and teach them business skills.

5. Tell Them Stories Of Rich People

Inspire your kids with stories of billionaires and affluent figures in life who grew from nothing.

6. Buy Them Books

Many books on money are written for kids to teach them basic concepts and help teach kids the importance of money. These make for good reads.

7. Tell Them To Pursue A Hobby

If kids master a skill or hobby, tell them they can earn good money by teaching the same to others. For example, if they like guitar, ask them to learn with complete dedication and later, you can teach other kids and have some savings.

8. Appreciate Their Efforts

Tell them thanks and express your gratitude from time to time when you see them saving money. This will motivate the kids and leave feel-good vibes, which goes a long way in saving more.

Here are some fun facts about money for kids:

George Washington is the icon on the quarter.
US currency is the most traded around the world.
Coins last longer than bills.
There is an image of Mahatma Gandhi on Indian currency.
The first coins were introduced around 2,000 years ago.

Your child will learn the importance of saving money, improving life skills, and making an income as they grow. This will set them up for a comfortable lifestyle and live stress-free.

1. How Is Black Money Different From White Money?

Black money is not added to accounting records and is made illegally. All taxes and TDS are paid and reported to authorities for white money.

2. What If Money Didn’t Exist?

If there was no money, there would be chaos. Humans invented money as a means to transact and make sure exchanges were fair. If money is removed from existence, another exchange system would have to come into play for the smooth functioning of life.

That’s all you need to know for now. Make sure your child has fun writing the essay and teach them the value of saving money for their future!

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Essay on Money Is Everything

Students are often asked to write an essay on Money Is Everything in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Money Is Everything

What is money.

Money is something you use to buy goods and services. It is coins and paper notes that people work to earn and spend to get what they need or want.

The Power of Money

Money can seem like it controls everything. It helps us get food, a home, and clothes. It also lets us enjoy fun activities, like movies or sports.

Money and Happiness

Some people think money brings happiness because it makes life easier. But it’s important to know that love, friendship, and health also matter a lot.

Money and Education

Money pays for school and books, which is important. Education helps us learn new things and get better jobs in the future.

Also check:

Speech on Money Is Everything

250 Words Essay on Money Is Everything

Introduction to money.

Money is often said to be very important in our lives. It is the thing we use to buy food, clothes, and a home. Without money, it is hard to live comfortably. Some people believe that money is everything. Let’s explore this idea.

Money for Basic Needs

Firstly, we need money for basic things like food, water, and a place to live. These are things everyone must have to survive. If we don’t have money, getting these basics can be very hard. That’s why many say that money is needed for a good life.

Secondly, money helps us get a good education. Schools cost money, and without it, learning can be difficult. Education is important because it gives us knowledge and helps us get better jobs in the future.

Money for Happiness?

Some people think that money can buy happiness. It is true that money can buy things that make us happy, like toys, games, and vacations. But money cannot buy love or friendship. These are feelings that are free and can make us very happy without spending any money.

Money and Power

Lastly, money can give people power. With lots of money, a person can make big decisions and have more control over their life. But, having too much focus on money can sometimes lead to being selfish or unfair to others.

In conclusion, money is very important because it helps us live and learn. But it’s not everything. Being happy and having friends and family are also parts of a good life that money cannot buy. It’s important to remember that money is a tool, not the only goal.

500 Words Essay on Money Is Everything

Money is like a key that opens many doors. It is what people use to buy food, clothes, toys, and many other things we need or want. When we talk about money, we mean the coins and paper notes we save in piggy banks or bank accounts. Money helps us trade what we have for what we want.

Money and Basic Needs

Imagine wanting to eat your favorite snack. To get it, you need money to buy it from a store. This is true for all the basic things in life, like a place to live, food to eat, and clothes to wear. Without money, it would be very hard to live because we need these things every day. Money helps people get these basic needs, which is why some people believe that money is everything.

Going to school is important for learning new things and making friends. But schools need money to run. They need to pay teachers, buy books, and keep the lights on. Parents also spend money on school supplies and uniforms. This shows that money is important for education.

Money and Health

When you get sick, you go to a doctor, who helps you feel better. But going to the doctor costs money. Medicines that cure our sickness also cost money. If someone does not have money, it can be tough to get healthy. This is another reason why people think money is very important.

Some people say that money can buy happiness because it lets you do things that make you happy. For example, if you love playing video games, you need money to buy a game console. Or if you enjoy going on trips, you need money to travel. Money can help us have fun and enjoy life, which makes us happy.

Money and Helping Others

Money is not just for buying things for ourselves. It can also be used to help other people. When we have extra money, we can give it to those who do not have enough. This can help them get food, a home, or go to school. By using money to help others, we can make the world a better place.

Money Is Not the Only Thing

It is important to remember that money is not the only thing that matters. Love, friendship, and kindness do not need money. You cannot buy a true friend with money, and you cannot pay for someone to love you. These things are very important, too.

Money is a big part of our lives. It helps us buy what we need and what we want. It is important for living, learning, staying healthy, and having fun. Money can also help us help others. Even though it is very important, it is not the only thing that matters. Love and friendship are also parts of a happy life, and they do not come with a price tag.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

Essay on Financial Need
Essay on Money Can’t Buy Love
Essay on Money Can’t Buy Happiness

Apart from these, you can look at all the essays by clicking here .

Happy studying!

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