Free Essay on Money: Money Theory and History Explained

Have you been assigned an essay about money? Our free examples will introduce you to the major milestones in the history of money and its implications for human life, well-being, and happiness. Use them strategically to find the most relevant information on the topic and understand how to cover it in your paper.

From cattle to shells to bitcoins, money has taken many forms throughout human history. Its basic functions used to fall in the following categories: an accounting unit, a measure of value, a medium of exchange, storage of value, and method of payment. Unfortunately, modern currencies perform the penultimate function unsatisfactorily. Namely, value of money diminishes over time. The modern dollar cannot buy anything at a fixed price. As such, it’s an abstraction. Therefore, when exploring monetary history or other similar topics, it is important to broach the subject of commodity money vs. representative money (fiat money). It is also worth explaining how money supply (currency in circulation and demand deposits) influences the price levels, inflation, and business cycles.

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