CUrrency

             Currency, the Beginning, the Present , and the Future
             "Money - in the traditional sense no longer exists. It died two decades ago when Richard Nixon forever abolished the gold standard. Since then, money as we once knew it has been replaced by an unstable new global medium of exchange that is called 'megabyte money'... megabyte money is a threat not only to our country's long-term growth and prosperity, but to the individual as well."
             - Joel Kurtzman, The Death Of Money, 1993
             Economy when it was first started was a seedling in a field. Poor and helpless to the environment. As this seedling grows, it becomes stronger and greater as a whole. The great Red Oak that the we as mankind has let it grow up to be is one of the greatest powers driving this planet. This Tree has become the nation's immense forest and the forest keeps on growing with no end in sight. The thing that makes the economic tree so great, is currency. As America moves into the twenty firsts century at a rapid pace, the currency and economy is moving right along with it. As technology advances more and more the way that Americans pay for things has also changed. Americans are carrying less and less cash to the stores, but more credit cards and checks. The latest innovation that has come out is the smart chip. But is all this technology going to be the doom of civilization. In this paper the history, the present, and the future of money will be told.
             In the Beginning the barter was the only way to exchange goods. The barter system is the exchange of resources or services for mutual advantage, and may date back to the beginning of humankind. Some would even argue that it's not purely a human activity; plants and animals have been bartering for millions of years. This means that plants and animals have been know to help each other out. In any case, barter among humans certainly pre-dates the use of money. Today individuals, organizations, and gover...

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CUrrency. (1969, December 31). In MegaEssays.com. Retrieved 01:19, March 29, 2024, from https://www.megaessays.com/viewpaper/51167.html