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Importance of Money in Modern Society

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Human-Written

Words: 1011 |

Pages: 2|

6 min read

Published: Jan 21, 2020

Words: 1011|Pages: 2|6 min read

Published: Jan 21, 2020

“A wise person should have money in their head, but not in their heart” (Jonathan Swift)

Money is any clearly identifiable object of value according to the Webster Dictionary. The history of money concerns the development of how it is exchanged and used. Money is generally known as something used as payment for goods, services, repayment of debt,or legal tender within a country. Money plays a bigger role in life than just something you earn to pay bills in life or to survive, though that is part of the reason behind money. Money should not control our lives, it should be a more of an asset. Money is beneficial and can also be detrimental to society. Money can create and start wars, save and take someone’s life, and fix and break the economy.(edit sentence structure)(take out all don’t type words)Without money you would not be able to save your own life. Surgery can save your life, but it is not free to have a procedure done. A new kidney alone is $262,000 alone. Organ transplants are common surgical procedures and without the means of money it could be lots of people in this world who would die due to the fact they could not get their hands on the money to get a new organ.

Insurance is also a form of money, except it does not all come directly from your pocket completely. Anytime you go to the hospital it is not free, and instead of paying the full hospital bill, which on average is seven hundred dollars, you pay a way smaller fee. Which could save your life, imagine dying because you have to pay out of pocket every hospital and doctors visit and you can not afford it. Woman hire hitman to kill their husbands and vice versa. People will take someones life for the right amount of money. When things go wrong people seem to think money will save all their problems. For example being rich does not equate to being happy with life."Rich people are prone to all the same maladies and emotions as anyone else, and at the same frequency. And certainly, in some cases, money itself can cause stress and unhappiness. But, with one difference if you're unhappy and rich, you have money. And money buys creature comforts.” (Steve Kane).

Money based crimes such as robbing, drug dealing, fraud and more. Even though they are illegal people risk prison time to make money in these illegal ways. We need money to survive, but some people are just greedy and will do extremely illegal activities to get their hands on a big amount of money. And they will not do it just once, this process will repeatedly go on until they are caught just for the love of money. In this society everyone love having a flashy lifestyle and will do anything to do so. Money can be used as positive reinforcement is someone’s life as well as end up controlling someone’s whole purpose of life.

Money surrounds our life, everything we do in reality is surrounded by money. We get up and go to work for the rest of our lives until retirement to survive in society. It is like we live to make money for the most part. For example, people around the world spends thousand of dollars in college to get a better job to make enough money to be secure in this world. Millions of Americans around the world work very hard in school just so they can have the opportunity to get a career that makes them thousands a year. It seems ass American lives are consumed with the conception of making a lot of money later in life. For instance what you wanted to be as a kid in life may have changed for many reasons one you may have realized it is not realistic, like a superhero, or the money just is not the right amount. Even though money is very important, it should not be our main focus in life. You should be able to enjoy the world and not with a price tag on it.Money is so important that without it, the people in your country will be starving sick and barely sheltered. That is why the economy is so important to the United States.

The Great Depression a severe worldwide economic depression that took place in 1930’s. Money alone caused banks to fail, unemployment fell twenty five percent, homelessness and left society in a real depression as a whole. The Depression caused even changed the amount of food we were able to eat. Causing lots of citizens to starve and without shelter.

Taxes is money you pay that is used by the government to invest in technology, education and to provide goods and services for the benefit of American people. Without taxes there would be no schools, free transportation, road work and maintained for the city are all paid with taxes which is very important. And consequently if we do not use our own earned money, we are to be put in jail and deal with the consequences. A expansionary monetary policy is when a central bank uses it is tools to stimulate the economy. This could help the society live more comfortably. As well as rise the employment rate of a society.

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To conclude, the economy is important to society and without the use of money things would be all over the place. It places an important role to society but should not consume us as beings. Nevertheless, money may seem to be just a piece of paper that serves value, but it is way more. Money can help us stay alive but it can also cause others to take our lives from us. Money can consume us to the point we forget our purpose. Money makes up the economy in America, which decides how the nation will be able to function. Money comes with a lot of luxurys but can also cause a lot of hardships. In reality money makes the world go around.

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Importance of Money in Modern Society. (2020, January 15). GradesFixer. Retrieved December 8, 2024, from https://gradesfixer.com/free-essay-examples/for-the-love-of-money/
“Importance of Money in Modern Society.” GradesFixer, 15 Jan. 2020, gradesfixer.com/free-essay-examples/for-the-love-of-money/
Importance of Money in Modern Society. [online]. Available at: <https://gradesfixer.com/free-essay-examples/for-the-love-of-money/> [Accessed 8 Dec. 2024].
Importance of Money in Modern Society [Internet]. GradesFixer. 2020 Jan 15 [cited 2024 Dec 8]. Available from: https://gradesfixer.com/free-essay-examples/for-the-love-of-money/
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