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Money Is the root of all evil

Money is not the root of injustice. The root of injustice comes out of the wickedness of man and his love for money. It is mans greed and immoral ways that have perverted and uprooted the basic principles for which the idea of money had been originally devised for. We must all understand that money is something that is not real. Money is a concept that we as a society all agree on. But this wasn’t always so. The principle of money came from olden times when people would use gold or silver to trade. However the constant fear of robbers and thieves meant that the people needed a safe place to put there gold. To fulfill this need the banking industry was born. People would surrender there goods, to a banker who was to be trusted, in exchange for a claimcheck. It is in these banks that the workings of what ultimately seemed like a good idea turned into one of the biggest scandals mankind has ever pulled off to date. Claimchecks where soon being used as the new medium in exchange of goods. Whenever anyone accepted a claimcheck for gold or silver "coins" in exchange for his product or service, the exchange was incomplete. The exchange was not completed until the holder of the claimcheck presented it to the banker and was paid the gold or silver. Exchanging a claimcheck for goods was also a lot easier than toting around your gold/silver coins. For instance, let’s say I have one hundred gold coins stored away in the bank for safe keeping. And I’m also in dire need of a new horse for my daily travels. So when I go to buy my horse, instead of lugging around and measuring out each gold coin for purity and authenticity, I have in my hand a claimcheck from a reputable bank in the amount of 100 yen, dollars, pesos whatever. So the horse dealer in good faith excepts my claimcheck and proceeds to cash in the claimcheck for the coins in the bank. So the claimcheck I held in my hand was proof evidence that the bank who stored my...

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Money Is the root of all evil. (1969, December 31). In DirectEssays.com. Retrieved 18:40, November 22, 2014, from http://www.megaessays.com/viewpaper/3172.html