National Archives

Founders Online --> [ Back to normal view ]

The nature and necessity of a paper-currency, 3 april 1729, the nature and necessity of a paper-currency.

A Modest Enquiry into the Nature and Necessity of a Paper-Currency. Philadelphia: Printed and Sold at the New Printing-Office, near the Market. 1729. 6 (Historical Society of Pennsylvania)

Pennsylvania’s first experience with paper currency came in 1723 with the passage of two acts which provided for issues of bills of credit totaling £45,000. Except for £7,500 allocated to governmental agencies for public expenditure, the new currency was to be loaned to private individuals at 5 per cent interest for specified terms of years on the security of real-estate mortgages. The borrowers were to repay the principal in equal annual installments and the bills of credit received in payment were to be canceled and destroyed. The last of the loans would be repaid and the last bills of credit “sunk” in 1736. 7 But in 1726, when almost £5,000 of the paper money had been retired, complaint about the shrinking currency induced the Assembly to halt the further destruction of the bills and to authorize instead their reissue on new mortgage loans. 8

During the next few years paper currency became a major issue. Many believed the acts of 1723 and 1726 had greatly promoted the prosperity of Pennsylvania; others, including the more conservative inhabitants, the proprietors in England, and officials of the British government, feared inflation and serious depreciation of the paper money such as had already taken place in New England and South Carolina. The Assembly, acting on several petitions, sent to the governor in February 1729 a bill for a large new emission of bills of credit, with a lower interest rate on the mortgage loans and a longer term for retirement than any earlier Pennsylvania act had provided. Governor Patrick Gordon favored paper currency but objected to the terms of the bill. Prolonged discussions followed between governor and Assembly. 9

While these negotiations were in progress Franklin joined the debate. He and his friends had discussed the matter in the Junto, he wrote many years later in his autobiography, and he was “on the Side of an Addition.” He remembered the stagnant condition of the city when he “first walk’d about the Streets of Philadelphia, eating my Roll,” in 1723 just before the first of the currency acts began to take effect, and by contrast the prosperity that had followed. He attributed the great improvement to the more plentiful supply of a circulating medium. “Our Debates possess’d me so fully of the Subject, that I wrote and printed an anonymous Pamphlet on it, entituled, The Nature and Necessity of a Paper Currency .” This essay was dated April 3, 1729, and was one of the first of the publications issued by the new firm of Franklin and Meredith “at the New Printing-Office near the Market.”

The first part of this paper is a discussion of the importance of an adequate supply of money for the successful conduct of a community’s business. The treatment is general but has particular application to a colonial area such as Pennsylvania. Some of Franklin’s ideas may have been derived from his reading; others doubtless reflected the discussion then going on in the province at large and among his friends in the Junto. The second part of the essay deals with the specific question of how much paper currency might be safe for a community and how it should be secured to avoid the danger of a serious depreciation. Here Franklin relied heavily on his reading, especially on Sir William Petty’s Treatise of Taxes and Contributions , first published in 1662. 1 At one point his presentation of the labor theory of value employs the same argument, the same illustrations, and even some of the same phrases that Petty had used in his pioneer discussion of this matter. 2 And Franklin’s statement of the “natural standard” of interest (usury, as he called it) is, with a short interpolation, almost an exact transcription of Petty’s words on this subject. 3 Franklin’s own contribution here does not derive from its originality but from his ability to apply existing ideas to the immediate problem in language that would be understandable to his Pennsylvania readers. 4

The pamphlet appeared while the governor and the Assembly were trying to work out a compromise measure. The negotiations were successful and on May 10 Governor Gordon signed a bill providing for the emission of £30,000 in bills of credit on conditions very much like those of the two acts of 1723. Interest was again set at 5 per cent, though the Assembly (and Franklin) had both favored 4 per cent, and the term of the loans was established at sixteen years, though the governor had wanted it to be only ten. 5 Franklin believed that his pamphlet had helped secure this favorable measure. Friends in the Assembly, he wrote later, “who conceiv’d I had been of some Service, thought fit to reward me, by employing me in printing the Money, a very profitable Jobb, and a great Help to me. This was another Advantage gain’d by my being able to write.” Here Franklin’s memory was somewhat at fault. Actually it was Andrew Bradford who printed the £30,000 voted in 1729, 6 but when the Assembly authorized £40,000 more in 1731 that printing contract did go to Franklin. For this job he received £100. 7

A MODEST ENQUIRY, &C.

There is no Science, the Study of which is more useful and commendable than the Knowledge of the true Interest of one’s Country; and perhaps there is no Kind of Learning more abstruse and intricate, more difficult to acquire in any Degree of Perfection than This, and therefore none more generally neglected. Hence it is, that we every Day find Men in Conversation contending warmly on some Point in Politicks, which, altho’ it may nearly concern them both, neither of them understand any more than they do each other.

Thus much by way of Apology for this present Enquiry into the Nature and Necessity of a Paper Currency. And if any Thing I shall say, may be a Means of fixing a Subject that is now the chief Concern of my Countrymen, in a clearer Light, I shall have the Satisfaction of thinking my Time and Pains well employed.

To proceed, then,

There is a certain proportionate Quantity of Money requisite to carry on the Trade of a Country freely and currently; More than which would be of no Advantage in Trade, and Less, if much less, exceedingly detrimental to it.

This leads us to the following general Considerations.

First, A great Want of Money in any Trading Country, occasions Interest to be at a very high Rate . And here it may be observed, that it is impossible by any Laws to restrain Men from giving and receiving exorbitant Interest, where Money is suitably scarce: For he that wants Money will find out Ways to give 10 per Cent. when he cannot have it for less, altho’ the Law forbids to take more than 6 per Cent. Now the Interest of Money being high is prejudicial to a Country several Ways: It makes Land bear a low Price, because few Men will lay out their Money in Land, when they can make a much greater Profit by lending it out upon Interest: And much less will Men be inclined to venture their Money at Sea, when they can, without Risque or Hazard, have a great and certain Profit by keeping it at home; thus Trade is discouraged. And if in two Neighbouring Countries the Traders of one, by Reason of a greater Plenty of Money, can borrow it to trade with at a lower Rate than the Traders of the other, they will infallibly have the Advantage, and get the greatest Part of that Trade into their own Hands; For he that trades with Money he hath borrowed at 8 or 10 per Cent. cannot hold Market with him that borrows his Money at 6 or 4. — On the contrary, A plentiful Currency will occasion Interest to be low: And this will be an Inducement to many to lay out their Money in Lands, rather than put it out to Use, by which means Land will begin to rise in Value and bear a better Price: And at the same Time it will tend to enliven Trade exceedingly, because People will find more Profit in employing their Money that Way than in Usury; and many that understand Business very well, but have not a Stock sufficient of their own, will be encouraged to borrow Money to trade with, when they can have it at moderate Interest.

Secondly, Want of Money in a Country reduces the Price of that Part of its Produce which is used in Trade: Because Trade being discouraged by it as above, there is a much less Demand for that Produce. And this is another Reason why Land in such a Case will be low, especially where the Staple Commodity of the Country is the immediate Produce of the Land, because that Produce being low, fewer People find an Advantage in Husbandry, or the Improvement of Land. — On the contrary, A Plentiful Currency will occasion the Trading Produce to bear a good Price: Because Trade being encouraged and advanced by it, there will be a much greater Demand for that Produce; which will be a great Encouragement of Husbandry and Tillage, and consequently make Land more valuable, for that many People would apply themselves to Husbandry, who probably might otherwise have sought some more profitable Employment.

As we have already experienced how much the Increase of our Currency by what Paper Money has been made, has encouraged our Trade; particularly to instance only in one Article, Ship-Building; it may not be amiss to observe under this Head, what a great Advantage it must be to us as a Trading Country, that has Workmen and all the Materials proper for that Business within itself, to have Ship-Building as much as possible advanced: For every Ship that is built here for the English Merchants, gains the Province her clear Value in Gold and Silver, which must otherwise have been sent Home for Returns in her Stead; and likewise, every Ship built in and belonging to the Province, not only saves the Province her first Cost, but all the Freight, Wages and Provisions she ever makes or requires as long as she lasts; provided Care is taken to make This her Pay Port , and that she always takes Provisions with her for the whole Voyage, which may easily be done. And how considerable an Article this is yearly in our Favour, every one, the least acquainted with mercantile Affairs, must needs be sensible; for if we could not Build our selves, we must either purchase so many Vessels as we want from other Countries, or else Hire them to carry our Produce to Market, which would be more expensive than Purchasing; and on many other Accounts exceedingly to our Loss. Now as Trade in general will decline where there is not a plentiful Currency, so Ship-Building must certainly of Consequence decline where Trade is declining.

Thirdly, Want of Money in a Country discourages Labouring and Handicrafts Men (which are the chief Strength and Support of a People) from coming to settle in it, and induces many that were settled to leave the Country, and seek Entertainment and Employment in other Places, where they can be better paid. For what can be more disheartning to an industrious labouring Man, than this, that after he hath earned his Bread with the Sweat of his Brows, he must spend as much Time, and have near as much Fatigue in getting it, as he had to earn it. And nothing makes more bad Paymasters than a general Scarcity of Money. And here again is a Third Reason for Land’s bearing a low Price in such a Country, because Land always increases in Value in Proportion with the Increase of the People settling on it, there being so many more Buyers; and its Value will infallibly be diminished, if the Number of its Inhabitants diminish. — On the contrary, A Plentiful Currency will encourage great Numbers of Labouring and Handicrafts Men to come and Settle in the Country , by the same Reason that a Want of it will discourage and drive them out. Now the more Inhabitants, the greater Demand for Land (as is said above) upon which it must necessarily rise in Value, and bear a better Price. The same may be said of the Value of House-Rent, which will be advanced for the same Reasons; and by the Increase of Trade and Riches People will be enabled to pay greater Rents. Now the Value of House-Rent rising, and Interest becoming low, many that in a Scarcity of Money practised Usury, will probably be more inclined to Building; which will likewise sensibly enliven Business in any Place; it being an Advantage not only to Brickmakers, Bricklayers, Masons, Carpenters, Joiners, Glaziers , and several other Trades immediately employ’d by Building, but likewise to Farmers, Brewers, Bakers, Taylors, Shoemakers, Shop-keepers , and in short to every one that they lay their Money out with.

Fourthly, Want of Money in such a Country as ours, occasions a greater Consumption of English and European Goods, in Proportion to the Number of the People, than there would otherwise be. Because Merchants and Traders, by whom abundance of Artificers and labouring Men are employed, finding their other Affairs require what Money they can get into their hands, oblige those who work for them to take one half, or perhaps two thirds Goods in Pay. By this Means a greater Quantity of Goods are disposed of, and to a greater Value; because Working Men and their Families are thereby induced to be more profuse and extravagant in fine Apparel and the like, than they would be if they were obliged to pay ready Money for such Things after they had earn’d and received it, or if such Goods were not imposed upon them, of which they can make no other Use: For such People cannot send the Goods they are paid with to a Foreign Market, without losing considerably by having them sold for less than they stand ’em in here; neither can they easily dispose of them at Home, because their Neighbours are generally supplied in the same Manner; But how unreasonable would it be, if some of those very Men who have been a Means of thus forcing People into unnecessary Expence, should be the first and most earnest in accusing them of Pride and Prodigality . Now tho’ this extraordinary Consumption of Foreign Commodities may be a Profit to particular Men, yet the Country in general grows poorer by it apace. — On the contrary, As A plentiful Currency will occasion a less Consumption of European Goods, in Proportion to the Number of the People , so it will be a means of making the Balance of our Trade more equal than it now is, if it does not give it in our Favour; because our own Produce will be encouraged at the same Time. And it is to be observed, that tho’ less Foreign Commodities are consumed in Proportion to the Number of People, yet this will be no Disadvantage to the Merchant, because the Number of People increasing, will occasion an increasing Demand of more Foreign Goods in the Whole.

Thus we have seen some of the many heavy Disadvantages a Country (especially such a Country as ours) must labour under, when it has not a sufficient Stock of running Cash to manage its Trade currently. And we have likewise seen some of the Advantages which accrue from having Money sufficient, or a Plentiful Currency.

The foregoing Paragraphs being well considered, we shall naturally be led to draw the following Conclusions with Regard to what Persons will probably be for or against Emitting a large Additional Sum of Paper Bills in this Province.

1. Since Men will always be powerfully influenced in their Opinions and Actions by what appears to be their particular Interest: Therefore all those, who wanting Courage to venture in Trade, now practise Lending Money on Security for exorbitant Interest, which in a Scarcity of Money will be done notwithstanding the Law, I say all such will probably be against a large Addition to our present Stock of Paper-Money; because a plentiful Currency will lower Interest, and make it common to lend on less Security.

2. All those who are Possessors of large Sums of Money, and are disposed to purchase Land, which is attended with a great and sure Advantage in a growing Country as this is; I say, the Interest of all such Men will encline them to oppose a large Addition to our Money. Because their Wealth is now continually increasing by the large Interest they receive, which will enable them (if they can keep Land from rising) to purchase More some time hence than they can at present; and in the mean time all Trade being discouraged, not only those who borrow of them, but the Common People in general will be impoverished, and consequently obliged to sell More Land for less Money than they will do at present. And yet, after such Men are possessed of as much Land as they can purchase, it will then be their Interest to have Money made Plentiful, because that will immediately make Land rise in Value in their Hands. Now it ought not to be wonder’d at, if People from the Knowledge of a Man’s Interest do sometimes make a true Guess at his Designs; for, Interest , they say, will not Lie .

3. Lawyers, and others concerned in Court Business, will probably many of them be against a plentiful Currency; because People in that Case will have less Occasion to run in Debt, and conesquently less Occasion to go to Law and Sue one another for their Debts. Tho’ I know some even among these Gentlemen, that regard the Publick Good before their own apparent private Interest.

4. All those who are any way Dependants on such Persons as are above mentioned, whether as holding Offices, as Tenants, or as Debtors, must at least appear to be against a large Addition; because if they do not, they must sensibly feel their present Interest hurt. And besides these, there are, doubtless, many well-meaning Gentlemen and Others, who, without any immediate private Interest of their own in View, are against making such an Addition, thro’ an Opinion they may have of the Honesty and sound Judgment of some of their Friends that oppose it,(perhaps for the Ends aforesaid) without having given it any thorough Consideration themselves. And thus it is no Wonder if there is a powerful Party on that Side.

On the other Hand, Those who are Lovers of Trade, and delight to see Manufactures encouraged, will be for having a large Addition to our Currency: For they very well know, that People will have little Heart to advance Money in Trade, when what they can get is scarce sufficient to purchase Necessaries, and supply their Families with Provision. Much less will they lay it out in advancing new Manufactures; nor is it possible new Manufactures should turn to any Account, where there is not Money to pay the Workmen, who are discouraged by being paid in Goods, because it is a great Disadvantage to them.

Again, Those who are truly for the Proprietor’s Interest (and have no separate Views of their own that are predominant) will be heartily for a large Addition: Because, as I have shewn above, Plenty of Money will for several Reasons make Land rise in Value exceedingly: And I appeal to those immediately concerned for the Proprietor in the Sale of his Lands, whether Land has not risen very much since the first Emission of what Paper Currency we now have, and even by its Means. Now we all know the Proprietary has great Quantities to sell.

And since a Plentiful Currency will be so great a Cause of advancing this Province in Trade and Riches, and increasing the Number of its People; which, tho’ it will not sensibly lessen the Inhabitants of Great Britain, will occasion a much greater Vent and Demand for their Commodities here; and allowing that the Crown is the more powerful for its Subjects increasing in Wealth and Number, I cannot think it the Interest of England to oppose us in making as great a Sum of Paper Money here, as we, who are the best Judges of our own Necessities, find convenient. And if I were not sensible that the Gentlemen of Trade in England, to whom we have already parted with our Silver and Gold, are misinformed of our Circumstances, and therefore endeavour to have our Currency stinted to what it now is, I should think the Government at Home had some Reasons for discouraging and impoverishing this Province, which we are not acquainted with.

It remains now that we enquire, Whether a large Addition to our Paper Currency will not make it sink in Value very much; And here it will be requisite that we first form just Notions of the Nature and Value of Money in general.

As Providence has so ordered it, that not only different Countries, but even different Parts of the same Country, have their peculiar most suitable Productions; and likewise that different Men have Genius’s adapted to Variety of different Arts and Manufactures, Therefore Commerce , or the Exchange of one Commodity or Manufacture for another, is highly convenient and beneficial to Mankind. As for Instance, A may be skilful in the Art of making Cloth, and B understand the raising of Corn; A wants Corn, and B Cloth; upon which they make an Exchange with each other for as much as each has Occasion, to the mutual Advantage and Satisfaction of both.

But as it would be very tedious, if there were no other Way of general Dealing, but by an immediate Exchange of Commodities; because a Man that had Corn to dispose of, and wanted Cloth for it, might perhaps in his Search for a Chapman to deal with, meet with twenty People that had Cloth to dispose of, but wanted no Corn; and with twenty others that wanted his Corn, but had no Cloth to suit him with. To remedy such Inconveniences, and facilitate Exchange, Men have invented Money , properly called a Medium of Exchange , because through or by its Means Labour is exchanged for Labour, or one Commodity for another. And whatever particular Thing Men have agreed to make this Medium of, whether Gold, Silver, Copper, or Tobacco; it is, to those who possess it (if they want any Thing) that very Thing which they want, because it will immediately procure it for them. It is Cloth to him that wants Cloth, and Corn to those that want Corn; and so of all other Necessaries, it is whatsoever it will procure. Thus he who had Corn to dispose of, and wanted to purchase Cloth with it, might sell his Corn for its Value in this general Medium, to one who wanted Corn but had no Cloth; and with this Medium he might purchase Cloth of him that wanted no Corn, but perhaps some other Thing, as Iron it may be, which this Medium will immediately procure, and so he may be said to have exchanged his Cloth for Iron; and thus the general Exchange is soon performed, to the Satisfaction of all Parties, with abundance of Facility.

For many Ages, those Parts of the World which are engaged in Commerce, have fixed upon Gold and Silver as the chief and most proper Materials for this Medium; they being in themselves valuable Metals for their Fineness, Beauty, and Scarcity. By these, particularly by Silver, it has been usual to value all Things else: But as Silver it self is of no certain permanent Value, being worth more or less according to its Scarcity or Plenty, therefore it seems requisite to fix upon Something else, more proper to be made a Measure of Values , and this I take to be Labour .

By Labour 8 may the Value of Silver be measured as well as other Things. As, Suppose one Man employed to raise Corn, while another is digging and refining Silver; at the Year’s End, or at any other Period of Time, the compleat Produce of Corn, and that of Silver, are the natural Price of each other; and if one be twenty Bushels, and the other twenty Ounces, then an Ounce of that Silver is worth the Labour of raising a Bushel of that Corn. Now if by the Discovery of some nearer, more easy or plentiful Mines, a Man may get Forty Ounces of Silver as easily as formerly he did Twenty, and the same Labour is still required to raise Twenty Bushels of Corn, then Two Ounces of Silver will be worth no more than the same Labour of raising One Bushel of Corn, and that Bushel of Corn will be as cheap at two Ounces, as it was before at one; cæteris paribus .

Thus the Riches of a Country are to be valued by the Quantity of Labour its Inhabitants are able to purchase, and not by the Quantity of Silver and Gold they possess; which will purchase more or less Labour, and therefore is more or less valuable, as is said before, according to its Scarcity or Plenty. As those Metals have grown much more plentiful in Europe since the Discovery of America, so they have sunk in Value exceedingly; for, to instance in England, formerly one Penny of Silver was worth a Days Labour, but now it is hardly worth the sixth Part of a Days Labour; because not less than Six-pence will purchase the Labour of a Man for a Day in any Part of that Kingdom; which is wholly to be attributed to the much greater Plenty of Money now in England than formerly. And yet perhaps England is in Effect no richer now than at that Time; because as much Labour might be purchas’d, or Work got done of almost any kind, for £100 then, as will now require or is now worth £600.

In the next Place let us consider the Nature of Banks emitting Bills of Credit , as they are at this Time used in Hamburgh, Amsterdam, London and Venice.

Those Places being Seats of vast Trade, and the Payment of great Sums being for that Reason frequent, Bills of Credit are found very convenient in Business; because a great Sum is more easily counted in Them, lighter in Carriage, concealed in less Room, and therefore safer in Travelling or Laying up, and on many other Accounts they are very much valued. The Banks are the general Cashiers of all Gentlemen, Merchants and great Traders in and about those Cities; there they deposite their Money, and may take out Bills to the Value, for which they can be certain to have Money again at the Bank at any Time: This gives the Bills a Credit; so that in England they are never less valuable than Money, and in Venice and Amsterdam they are generally worth more. And the Bankers always reserving Money in hand to answer more than the common Run of Demands (and some People constantly putting in while others are taking out) are able besides to lend large Sums, on good Security, to the Government or others, for a reasonable Interest, by which they are paid for their Care and Trouble; and the Money which otherwise would have lain dead in their Hands, is made to circulate again thereby among the People: And thus the Running Cash of the Nation is as it were doubled; for all great Payments being made in Bills, Money in lower Trade becomes much more plentiful: And this is an exceeding great Advantage to a Trading Country, that is not over-stock’d with Gold and Silver.

As those who take Bills out of the Banks in Europe, put in Money for Security; so here, and in some of the neighbouring Provinces, we engage our Land. Which of these Methods will most effectually secure the Bills from actually sinking in Value, comes next to be considered.

Trade in general being nothing else but the Exchange of Labour for Labour, the Value of all Things is, as I have said before, most justly measured by Labour. Now suppose I put my Money into a Bank, and take out a Bill for the Value; if this Bill at the Time of my receiving it, would purchase me the Labour of one hundred Men for twenty Days; but some time after will only purchase the Labour of the same Number of Men for fifteen Days; it is plain the Bill has sunk in Value one fourth Part. Now Silver and Gold being of no permanent Value; and as this Bill is founded on Money, and therefore to be esteemed as such, it may be that the Occasion of this Fall is the increasing Plenty of Gold and Silver, by which Money is one fourth Part less valuable than before, and therefore one fourth more is given of it for the same Quantity of Labour; and if Land is not become more plentiful by some proportionate Decrease of the People, one fourth Part more of Money is given for the same Quantity of Land, whereby it appears that it would have been more profitable to me to have laid that Money out in Land which I put into the Bank, than to place it there and take a Bill for it. And it is certain that the Value of Money has been continually sinking in England for several Ages past, because it has been continually increasing in Quantity. But if Bills could be taken out of a Bank in Europe on a Land Security, it is probable the Value of such Bills would be more certain and steady, because the Number of Inhabitants continue to be near the same in those Countries from Age to Age.

For as Bills issued upon Money Security are Money, so Bills issued upon Land, are in Effect Coined Land .

Therefore (to apply the Above to our own Circumstances) If Land in this Province was falling, or any way likely to fall, it would behove the Legislature most carefully to contrive how to prevent the Bills issued upon Land from falling with it. But as our People increase exceedingly, and will be further increased, as I have before shewn, by the Help of a large Addition to our Currency; and as Land in consequence is continually rising, So, in case no Bills are emitted but what are upon Land Security, the Money-Acts in every Part punctually enforced and executed, the Payments of Principal and Interest being duly and strictly required, and the Principal bona fide sunk according to Law, it is absolutely impossible such Bills should ever sink below their first Value, or below the Value of the Land on which they are founded. In short, there is so little Danger of their sinking, that they would certainly rise as the Land rises, if they were not emitted in a proper Manner for preventing it; That is, by providing in the Act That Payment may be made, either in those Bills, or in any other Bills made current by any Act of the Legislature of this Province; and that the Interest, as it is received, may be again emitted in Discharge of Publick Debts; whereby circulating it returns again into the Hands of the Borrowers, and becomes Part of their future Payments; and thus as it is likely there will not be any Difficulty for want of Bills to pay the Office, they are hereby kept from rising above their first Value: For else, supposing there should be emitted upon mortgaged Land its full present Value in Bills; as in the Banks in Europe the full Value of the Money deposited is given out in Bills; and supposing the Office would take nothing but the same Sum in those Bills in Discharge of the Land; as in the Banks aforesaid, the same Sum in their Bills must be brought in, in order to receive out the Money: In such Case the Bills would most surely rise in Value as the Land rises; as certainly as the Bank Bills founded on Money would fall if that Money was falling. Thus if I were to mortgage to a Loan-Office, or Bank, a Parcel of Land now valued at £100 in Silver, and receive for it the like Sum in Bills, to be paid in again at the Expiration of a certain Term of Years; before which, my Land rising in Value, becomes worth £150 in Silver: ’Tis plain, that if I have not these Bills in Possession, and the Office will take nothing but these Bills, or else what it is now become worth in Silver, in Discharge of my Land; I say it appears plain, that those Bills will now be worth £150 in Silver to the Possessor; and if I can purchase them for less, in order to redeem my Land, I shall by so much be a Gainer.

I need not say any Thing to convince the Judicious that our Bills have not yet sunk, tho’ there is and has been some Difference between them and Silver; because it is evident that that Difference is occasioned by the Scarcity of the latter, which is now become a Merchandize, rising and falling, like other Commodities, as there is a greater or less Demand for it, or as it is more or less Plenty.

Yet farther, in order to make a true Estimate of the Value of Money, we must distinguish between Money as it is Bullion, which is Merchandize, and as by being coin’d it is made a Currency: For its Value as a Merchandize, and its Value as a Currency, are two distinct Things; and each may possibly rise and fall in some Degree independent of the other. Thus if the Quantity of Bullion increases in a Country, it will proportionably decrease in Value; but if at the same Time the Quantity of current Coin should decrease, (supposing Payments may not be made in Bullion) what Coin there is will rise in Value as a Currency, i.e. People will give more Labour in Manufactures for a certain Sum of ready Money.

In the same Manner must we consider a Paper Currency founded on Land; as it is Land, and as it is a Currency:

Money as Bullion, or as Land, is valuable by so much Labour as it costs to procure that Bullion or Land.

Money, as a Currency, has an Additional Value by so much Time and Labour as it saves in the Exchange of Commodities.

If, as a Currency, it saves one Fourth Part of the Time and Labour of a Country; it has, on that Account, one Fourth added to its original Value.

When there is no Money in a Country, all Commerce must be by Exchange. Now if it takes one fourth Part of the Time and Labour of a Country, to exchange or get their Commodities exchanged; then, in computing their Value, that Labour of Exchanging must be added to the Labour of manufacturing those Commodities: But if that Time or Labour is saved by introducing Money sufficient, then the additional Value on Account of the Labour of Exchanging may be abated, and Things sold for only the Value of the Labour in making them; because the People may now in the same Time make one Fourth more in Quantity of Manufactures than they could before.

From these Considerations it may be gathered, that in all the Degrees between having no Money in a Country, and Money sufficient for the Trade, it will rise and fall in Value as a Currency, in Proportion to the Decrease or Increase of its Quantity: And if there may be at some Time more than enough, the Overplus will have no Effect towards making the Currency, as a Currency, of less Value than when there was but enough; because such Overplus will not be used in Trade, but be some other way disposed of.

If we enquire, How much per Cent. Interest ought to be required upon the Loan of these Bills; we must consider 9 what is the Natural Standard of Usury: And this appears to be, where the Security is undoubted, at least the Rent of so much Land as the Money lent will buy: For it cannot be expected that any Man will lend his Money for less than it would fetch him in as Rent if he laid it out in Land, which is the most secure Property in the World. But if the Security is casual, then a kind of Ensurance must be enterwoven with the simple natural Interest, which may advance the Usury very conscionably to any height below the Principal it self. Now among us, if the Value of Land is twenty Years Purchase, Five per Cent. is the just Rate of Interest for Money lent on undoubted Security. Yet if Money grows scarce in a Country, it becomes more difficult for People to make punctual Payments of what they borrow, Money being hard to be raised; likewise Trade being discouraged, and Business impeded for want of a Currency, abundance of People must be in declining Circumstances, and by these Means Security is more precarious than where Money is plenty. On such Accounts it is no wonder if People ask a greater Interest for their Money than the natural Interest; and what is above is to be look’d upon as a kind of Præmium for the Ensurance of those Uncertainties, as they are greater or less. Thus we always see, that where Money is scarce, Interest is high, and low where it is plenty. Now it is certainly the Advantage of a Country to make Interest as low as possible, as I have already shewn; and this can be done no other way than by making Money plentiful. And since, in Emitting Paper Money among us, the Office has the best of Security, the Titles to the Land being all skilfully and strictly examined and ascertained; and as it is only permitting the People by Law to coin their own Land, which costs the Government nothing, the Interest being more than enough to pay the Charges of Printing, Officers Fees, &c. I cannot see any good Reason why Four per Cent. to the Loan-Office should not be thought fully sufficient. As a low Interest may incline more to take Money out, it will become more plentiful in Trade; and this may bring down the common Usury, in which Security is more dubious, to the Pitch it is determined at by Law.

If it should be objected, That Emitting It at so low an Interest, and on such easy Terms, will occasion more to be taken out than the Trade of the Country really requires: It may be answered, That, as has already been shewn, there can never be so much of it emitted as to make it fall below the Land it is founded on; because no Man in his Senses will mortgage his Estate for what is of no more Value to him than That he has mortgaged, especially if the Possession of what he receives is more precarious than of what he mortgages, as that of Paper Money is when compared to Land: And if it should ever become so plenty by indiscreet Persons continuing to take out a large Overplus, above what is necessary in Trade, so as to make People imagine it would become by that Means of less Value than their mortgaged Lands, they would immediately of Course begin to pay it in again to the Office to redeem their Land, and continue to do so till there was no more left in Trade than was absolutely necessary. And thus the Proportion would find it self, (tho’ there were a Million too much in the Office to be let out) without giving any one the Trouble of Calculation.

It may perhaps be objected to what I have written concerning the Advantages of a large Addition to our Currency, That if the People of this Province increase, and Husbandry is more followed, we shall overstock the Markets with our Produce of Flower , &c. To this it may be answered, that we can never have too many People (nor too much Money) For when one Branch of Trade or Business is overstocked with Hands, there are the more to spare to be employed in another. So if raising Wheat proves dull, more may (if there is Money to support and carry on new Manufactures) proceed to the raising and manufacturing of Hemp, Silk, Iron , and many other Things the Country is very capable of, for which we only want People to work, and Money to pay them with.

Upon the Whole it may be observed, That it is the highest Interest of a Trading Country in general to make Money plentiful; and that it can be a Disadvantage to none that have honest Designs. It cannot hurt even the Usurers, tho’ it should sink what they receive as Interest; because they will be proportionably more secure in what they lend; or they will have an Opportunity of employing their Money to greater Advantage, to themselves as well as to the Country. Neither can it hurt those Merchants who have great Sums out-standing in Debts in the Country, and seem on that Account to have the most plausible Reason to fear it; to wit , because a large Addition being made to our Currency, will increase the Demand of our Exporting Produce, and by that Means raise the Price of it, so that they will not be able to purchase so much Bread or Flower with £100 when they shall receive it after such an Addition, as they now can, and may if there is no Addition: I say it cannot hurt even such, because they will get in their Debts just in exact Proportion so much the easier and sooner as the Money becomes plentier; and therefore, considering the Interest and Trouble saved, they will not be Losers; because it only sinks in Value as a Currency, proportionally as it becomes more plenty. It cannot hurt the Interest of Great Britain, as has been shewn; and it will greatly advance the Interest of the Proprietor. It will be an Advantage to every industrious Tradesman, &c. because his Business will be carried on more freely, and Trade be universally enlivened by it. And as more Business in all Manufactures will be done, by so much as the Labour and Time spent in Exchange is saved, the Country in general will grow so much the richer.

It is nothing to the Purpose to object the wretched Fall of the Bills in New-England and South-Carolina, unless it might be made evident that their Currency was emitted with the same Prudence, and on such good Security as ours is; and it certainly was not.

As this Essay is wrote and published in Haste, and the Subject in it self intricate, I hope I shall be censured with Candour, if, for want of Time carefully to revise what I have written, in some Places I should appear to have express’d my self too obscurely, and in others am liable to Objections I did not foresee. I sincerely desire to be acquainted with the Truth, and on that Account shall think my self obliged to any one, who will take the Pains to shew me, or the Publick, where I am mistaken in my Conclusions, And as we all know there are among us several Gentlemen of acute Parts and profound Learning, who are very much against any Addition to our Money, it were to be wished that they would favour the Country with their Sentiments on this Head in Print; which, supported with Truth and good Reasoning, may probably be very convincing. And this is to be desired the rather, because many People knowing the Abilities of those Gentlemen to manage a good Cause, are apt to construe their Silence in This, as an Argument of a bad One. Had any Thing of that Kind ever yet appeared, perhaps I should not have given the Publick this Trouble: But as those ingenious Gentlemen have not yet (and I doubt never will) think it worth their Concern to enlighten the Minds of their erring Countrymen in this Particular, I think it would be highly commendable in every one of us, more fully to bend our Minds to the Study of What is the true Interest of PENNSYLVANIA ; whereby we may be enabled, not only to reason pertinently with one another; but, if Occasion requires, to transmit Home such clear Representations, as must inevitably convince our Superiors of the Reasonableness and Integrity of our Designs.

Philadelphia, April 3. 1729. B. B.

6 .  The title page contains a quotation from Persius, Satires , iii, 69–71:

“—Quid asper

Utile Nummus habet; patriae, carisque; propinquis

Quantum elargiri deceat, —”

7 .  Laws of Pa. , 1742 edit., pp. 230–44, 269–87. For a general account of paper currency in Pennsylvania during this period see William Robert Shepherd, History of Proprietary Government in Pennsylvania (N.Y., 1896), chap. ix.

8 .  Laws of Pa. , 1742 edit., pp. 321–33.

9 .  8 Pa. Arch. , iii, passim.

1 .  Reprinted in Charles Henry Hull, ed., The Economic Writings of Sir William Petty (Cambridge, 1899), 1, 1–97.

2 .  See below, p. 149 and note.

3 .  See below, p. 153 and note.

4 .  William A. Wetzel, Benjamin Franklin as an Economist (Baltimore, 1895), pp. 18–22, 30–2, discusses this pamphlet and first points out the parallel with Petty’s Treatise .

5 .  Laws of Pa. , 1742 edit., pp. 364–81; 8 Pa. Arch. , III , 1949–64, passim.

6 .  Ibid. , pp. 2025, 2043.

7 .  See below, p. 174.

8 .  This paragraph combines in paraphrase two passages in Sir William Petty, A Treatise of Taxes and Contributions (1662.), chap. IV , secs. 13–14, and chap. v, sec. 10, second paragraph.

9 .  The passage from “we must consider” through “the Principal it self” follows almost literally the first half of Sir William Petty, A Treatise of Taxes and Contributions (1662), chap. v, sec. 3, except that BF has interpolated the words “For it cannot be expected” through “in the world.”

Index Entries

You are looking at.

  • Search Search Please fill out this field.

What Is Paper Money?

Understanding paper money, special considerations, the bottom line.

  • Macroeconomics

Paper Money: Definition, History, Use, Need for It, and Examples

essay on paper money

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

essay on paper money

Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services. The printing of paper money is typically regulated by a country's central bank or treasury in order to keep the flow of funds in line with monetary policy .

  • Paper money tends to be updated with new versions that contain security features and attempt to make it more difficult for counterfeiters to create illegal copies.

Key Takeaways

  • Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services.
  • The printing of paper money is typically regulated by a country's central bank or treasury in order to keep the flow of funds in line with monetary policy.

The first recorded use of paper money was purported to be in the country of China during the 7th century A.D. as a means of reducing the need to carry heavy and cumbersome strings of metallic coins to conduct transactions. Similar to making a deposit at a modern bank, individuals would transfer their coins to a trustworthy party and then receive a note denoting how much money they had deposited. The note could then be redeemed for currency at a later date.

Example of Paper Money

In the U.S., paper money is considered fiat money . This means that it has no actual value except as an accepted medium of exchange. Before 1971, this was not the case; U.S. banknotes were backed by a certain amount of gold, which was dictated by the Federal Reserve .

The U.S. dollar has been the dominant reserve currency since the end of World War II. Prior to World War II, the British pound was the dominant reserve currency.

There are 17 countries and territories that use the U.S. dollar as their currency. These include Ecuador, El Salvador, American Samoa, Guam, Micronesia, Panama, and Zimbabwe. There are also many countries that peg their currency to the U.S. dollar, including Lebanon, Hong Kong, and Saudi Arabia.

There are also countries that regularly use the U.S. dollar alongside their own, such as Mexico, Canada, and Costa Rica. The U.S. dollar is so widely used that 60% of globally disclosed official foreign reserves were in U.S. dollars as of 2021. This compares to 21% for the euro, 6% for the Japanese yen, 5% for the British pound, and 2% for the Chinese renminbi.

The euro is another form of paper money that is used in multiple countries. As of 2023, 20 of the 27 member states in the European Union ( EU ) use the euro as their official currency.

While paper money is the most accepted medium of exchange, companies often issue shares of their own company to purchase other companies and reward their staff. Shares are units of ownership in a company that entitle the shareholder to an equal distribution of any profits. Of all accepted mediums of exchange, shares are closest to paper money because they can be exchanged on the open market for cash.

Is Paper Money Fiat Money?

Yes, paper money is fiat money. Fiat money is any money that is considered legal tender. Paper money and coins are legal tender.

Is Crypto Fiat Money?

Cryptocurrencies are not fiat money. Fiat money is determined by a nation's government and the government decides what money can be accepted as legal tender. Cryptocurrencies are not authorized by most governments as legal tender.

Is Money Still Printed?

Yes, money is still printed, as paper money and coins are still used as legal tender throughout the nation. The U.S. Bureau of Engraving & Printing is responsible for the design and printing of U.S. paper money.

With the advent of credit cards and digital payments, paper money is not as commonly used as it once was. Many establishments in developed cities around the world no longer accept paperless money; however, paper money is still used extensively in nations and businesses that haven't incorporated digital payments into their infrastructure.

Guinness World Record. " First Paper Money ."

EveryCRSReport. " Brief History of the Gold Standard in the United States ."

Congressional Research Service. " The U.S. Dollar as the World’s Dominant Reserve Currency ."

World Population Review. " Countries that Use the U.S. Dollar 2023 ."

Board of Governors of the Federal Reserve System. " The International Role of the U.S. Dollar ."

European Union. " Countries Using the Euro ."

essay on paper money

  • Terms of Service
  • Editorial Policy
  • Privacy Policy
  • Your Privacy Choices

The Invention of Paper Money

History of Chinese Currency

  • Figures & Events
  • Southeast Asia
  • Middle East
  • Central Asia
  • Asian Wars and Battles
  • American History
  • African American History
  • African History
  • Ancient History and Culture
  • European History
  • Latin American History
  • Medieval & Renaissance History
  • Military History
  • The 20th Century
  • Women's History
  • Ph.D., History, Boston University
  • J.D., University of Washington School of Law
  • B.A., History, Western Washington University

Paper money is an invention of the Song Dynasty in China in the 11th century CE, nearly 20 centuries after the earliest known use of metal coins. While paper money was certainly easier to carry in large amounts, using paper money had its risks: counterfeiting and inflation.

Earliest Money

The earliest known form of money is also from China, a cast copper coin from the 11th century BCE, which was found in a Shang Dynasty tomb in China. Metal coins, whether made from copper, silver, gold, or other metals, have been used across the globe as units of trade and value. They have advantages—they are durable, difficult to counterfeit, and they hold intrinsic value. The big disadvantage? If you have very many of them, they get heavy.

For a couple thousand years after the coins were buried in that Shang tomb, however, merchants, traders, and customers in China had to put up with carrying coins, or with bartering goods for other goods directly. Copper coins were designed with square holes in the middle so that they could be carried on a string. For large transactions, traders calculated the price as the number of coin strings. It was workable, but an unwieldy system at best.

Paper Money Takes the Load Off

During the Tang Dynasty (618–907 CE), however, merchants began to leave those heavy strings of coins with a trustworthy agent, who would record how much money the merchant had on deposit on a piece of paper. The paper, a sort of promissory note, could then be traded for goods, and the seller could go to the agent and redeem the note for the strings of coins. With trade renewed along the Silk Road, this simplified cartage considerably. These privately-produced promissory notes were still not true paper currency, however.

At the beginning of the Song Dynasty (960–1279 CE), the government licensed specific deposit shops where people could leave their coins and receive notes. In the 1100s, Song authorities decided to take direct control of this system, issuing the world's first proper, government-produced paper money. This money was called jiaozi . 

Jiaozi under the Song

The Song established factories to print paper money with woodblocks, using six colors of ink. The factories were located in Chengdu, Hangzhou, Huizhou, and Anqi, and each used different fiber mixes in their paper to discourage counterfeiting. Early notes expired after three years, and could only be used in particular regions of the Song Empire.

In 1265, the Song government introduced a truly national currency, printed to a single standard, usable across the empire, and backed by silver or gold. It was available in denominations between one and one hundred strings of coins. This currency lasted only nine years, however, because the Song Dynasty tottered, falling to the Mongols in 1279.

Mongol Influence

The Mongol Yuan Dynasty , founded by Kublai Khan (1215–1294), issued its own form of paper currency called chao; the Mongols brought it to Persia where it was called djaou  or djaw . The Mongols also showed it to Marco Polo (1254–1324) during his 17-year-long stay in Kublai Khan's court, where he was amazed by the idea of government-backed currency. However, the paper money was not backed by gold or silver. The short-lived Yuan Dynasty printed increasing amounts of the currency, leading to runaway inflation. This problem was unresolved when the dynasty collapsed in 1368.

Although the succeeding Ming Dynasty (1368–1644) also began by printing unbacked paper money, it suspended the program in 1450. For much of the Ming era, silver was the currency of choice, including tons of Mexican and Peruvian ingots brought to China by Spanish traders. Only in the last two, desperate years of Ming rule did the government print paper money, as it attempted to fend off the rebel Li Zicheng and his army. China did not print paper money again until the 1890s when the Qing Dynasty began producing yuan .

  • Lande, Lawrence, and T. I. M. Congdon. " John Law and the Invention of Paper Money. " RSA Journal 139.5414 (1991): 916–28. Print.
  • Lui, Francis T. " Cagan's Hypothesis and the First Nationwide Inflation of Paper Money in World History. " Journal of Political Economy 91.6 (1983): 1067–74. Print.
  • Pickering, John. " The History of Paper Money in China ." Journal of the American Oriental Society 1.2 (1844): 136–42. Print.
  • What Was the Yuan Dynasty?
  • Biography of Kublai Khan, Ruler of Mongolia and Yuan China
  • Emperors of China's Yuan Dynasty
  • Understanding Economics: Why Does Paper Money Have Value?
  • Genghis Khan and the Mongol Empire
  • The Greatest Chinese Inventions
  • The Ashikaga Shogunate
  • Finding Cathay
  • Who Are the Manchu?
  • Biography of Marco Polo, Famous Explorer
  • Definition of Greenbacks
  • Chinese History Timeline
  • Biography of Marco Polo, Merchant and Explorer
  • The Dynasties of Ancient China
  • The History of Foot Binding in China
  • The Mongol Invasions of Japan

255 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!

  • Federal Reserve and the Role of Money in It In order to effectively manage the monetary system of a country, the central bank has to carry out some responsibilities such as implementation of the monetary policy, controlling the interest rates of the currency of […]
  • Making Money on Music: The Company That Has to Stay Afloat Considering the state of affairs within the company in question, one can assert that the strategies one can apply to make the company more successful are the contingency planning and crisis management.
  • 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 […]
  • Sports Industry: Morality v. Money In the end, they will find no need for the use of steroids and the integrity of the game would be restored. At the core of this quest to be the first is the need […]
  • 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.
  • 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.
  • 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 […]
  • Ways to Spend Money in Saudi Arabia Depending with the amount of money that somebody want to spend, the country offers a number of recreational and accommodation facilities.
  • 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 […]
  • 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.
  • 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.
  • Federal Reserve; Money and Banking Background to the study The Federal Reserve System in the United States was established in 1913 by the Congress through the Federal Reserve Act. The 2nd section, the report illustrates Fed’s analysis of the rate […]
  • Edwin Arlington Robinson: Money and Happiness in “Richard Cory” It is evident that money cannot guarantee happiness in one’s life due to the uncertainties that surround each one of us.
  • The World of Money 1- Exploitation- In the book “One Perfect Day”: The selling of the American Dream, Rebecca Mead looks into the extreme levels that most brides go to in order to have the best weddings ever.
  • The World Surrounded by Money This essay tries to explore, compare and contrast the activities in a wedding and funeral ceremony with special emphasis on Rebecca’s one perfect day: the selling of the American wedding and Jessica’s book entitled The […]
  • We Should Use Tax Money to Enforce Mandatory Drug Treatments on Drug In sum, it is agreeable that the significance of using tax payers’ money to fund the mandatory treatment of drug addicts is a necessary and worthy course.
  • Motivate Your Employees produced by BNet Video for CBS Money Watch Thus, the major problem for the discussion presented in the video is the question of how to motivate the employees effectively.
  • Opinion on the importance of money In the absence of money, individuals and organizations would be forced to conduct transactions through barter trade which is a relatively challenging system due to existence of double coincidence of wants.
  • Money and Commodity Circulatory Processes The difference and similarities between money that is just money and capitalized money appear only in the mode of circulation. The circuit M-C-M is when money is circulated as capital and is also referred to […]
  • 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.
  • Money, Motivation and Employee Performance The main reason for implementing the benefits and compensation system in an organization is to steer the employees so that they can increase their rate of productivity.
  • Role of Money in the American Dream’s Concept Many people lack the meaning of the American dream because they are always looking forward to find opportunity and fail to realize that the opportunity to succeed is always around them in the work they […]
  • Niall Ferguson’s ‘The Ascent of Money’ In fact, the book traces the genesis of the financial system, which the author believes started in Mesopotamia and the ancient Egypt.
  • The Ascent of Money In addition, the author associates the control of the world financial system as a continuing part of the evolution of money.
  • How Saudi Banks Deal With Money Laundery Money laundering can thus be defined as the illegal process of engaging in money transactions in which due to the origin or the function of the money, the identity, source, and the destination is hidden […]
  • 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.
  • 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 […]
  • Jean-Jacques Rousseau and Karl Marx: The Role of Money in Human Life Marx and Rousseau were eager to improve the society they lived in and make people free; to achieve these purposes, it is necessary to prove that money does not have such power to provide all […]
  • The Different Roles Played By the Central Bank, Depository Institutions, and Depositors in the Determination of Money Supply In regard to its role in determining the amount of money circulating in the economy as well as how the money moves around, the central bank is the sole issuer of national currency in England […]
  • 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.
  • Central Banking and the Money Supply The 2007 financial crisis in the United States led into a decline in the level of liquidity within the economy. During the 2007 economic crisis, there was an increment in the rate of unemployment in […]
  • Mobile Money Transfer Service The Vodafone team managed to keep mobile banking service simple to its users. Soon mobile banking became a form of viral marketing and drove the growth of the company and its services.
  • Money supply and exchange rates In brief, an up shift in the volume of money supply causes the cost of borrowing, which is also the interest rate to move downwards.
  • 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 and work performance When there is a deliberate effort by the workplace to reduce the incidence of these, both the agency and the employees benefit.
  • Money Laundering In Russia Despite these bills, money laundering remains a challenge to most economies due to the complexity of the techniques used in money laundering and the inability to stem out the illegitimate sources of money.
  • Money Mechanics in Banks System This legislation demands the banks to have required reserves in order to avoid utilizing the money belonging to their customers in business.
  • Banks and the Money Supply Once the bank obtains deposits from customers, it is allowed to retain the reserve requirement, and the rest of money is saved in a different institution.
  • Inflation Tax – Printing More Money to Cover the War Expenses The subsequent encroachment of inflation diminishes the value of money hence even if people had more money, the value of their cash was meaningless, a phenomenon similar to tax collection, which reduces the total amount […]
  • Money Laundering In Saudi Arabia In respect to the attempt to combat money laundering, the Saudi Arabian Monetary Agency revised its anti-money laundering rules to prevent, detect, and control money-laundering activities within the kingdom.
  • Money and Markets v. Social Morals The proliferation of money into aspects of society that depend on other norms is the root cause of the financial crisis.
  • Money Mechanics in the U.S. The US Money Supply The money supply of the United States includes the coins and paper currency apart from the amounts in the vaults in the banks, Federal Reserve banks, and the treasury.
  • 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.
  • UK and USA During the Period 2000-2010: Consumer Price Index, Unemployment Rate, Money Supply and Interest Rate Real effective exchange rate, CPI, Interest Rates, Money supply, Unemployment in US Just like in other countries, US have been experiencing changes in the economic variables such as the real effective exchange rates, consumer price […]
  • 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.
  • Mobile Money Transfer as an alternative product for Vodafone Group Plc To deposit the money in the mobile account, the customer approaches the agent with the amount of money they want to deposit, the agent deposits the money and both receive a confirmation message.
  • Anti Money Laundering and Combating the Financing of Terrorism The accomplishment of the specified goal will require the cooperation between the state government and the representatives of the UAE organizations, as well as the coordination of the latter’s actions with the ones of the […]
  • 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 […]
  • 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 […]
  • Money and Capital Markets: Central Banks By selling, the central bank lowers the price of the marketable instruments in the open market. This implies that the bank has the autonomy of imposing the interest rate to various commercial banks in China.
  • Money and Capital Markets: Turkey, India and China The decision by the RBI was motivated by the need to stimulate the country’s economic growth by lowering the rate of inflation.
  • Christian Moral Teaching and Money There is nobody in the corporate world that will take social responsibility without having a thought of accumulating maximum profits to the company which actually matters most.
  • Money and Banking: David S. Ashby’s Perspective The Federal Reserve System is the second link in the chain towards the creation of money as it involves the remit of currency by the treasury department to the Federal Reserve banks.
  • Money and Banking: The Economic Recession of 2007 The period led to the collapse of major real estate industries in the world including those in the US and the Middle East.
  • 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 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 […]
  • The Case of Stolen Donation Money List of dilemmas to be faced: a tough call As it has been stressed above, the primary dilemma of the given case concerns the choice that the Western Australian Museum CEO have to make in […]
  • Cyber-crime – New Ways to Steal Identity and Money The stolen information is used to impersonate people or create ghosts that steal money from individuals’ bank accounts and credit cards.
  • Money as an Emerging Market Phenomenon According to the principle of finance, money has a higher value in the present as opposed to the future because it can earn interest, which makes it worthwhile.
  • Criminal Law: Blood Money from the Human Organs Sale The trade involves various stakeholders, including the United States government, the Chinese government, the doctors, and the customers. The government of the United States should put in place measures to would deal with the illegal […]
  • Finance in the Book “The Ascent of Money” by Niall Ferguson The majority of the sections of the book are very common to experts, but Ferguson has a unique capability of coloring even the ordinary with strange and unusual instances, and he interlaces the separate threads […]
  • Finance: the History of Money The document explains that the value of money is somehow related to the amount that is in circulation. The idea is founded on the fact that debt is the basis of the moneymaking process.
  • Psychological Research: Money Can Buy Happiness In the article, the author has given enough evidence to prove that money can be used to buy happiness. Based on the evidence presented in the article, it is obvious that proper utilization of money […]
  • Why Money Is Important: Benefits & Downsides The notion originated from the Bible because the person who made Jesus suffer on the cross was enticed by the love of money to forsake Jesus.
  • Central Bank of Bahrain and Money Supply Regulation To the credit of the Central Bank, the strategy chosen to affect the money supply seemed to be working relatively well in the past; according to the 2009 report, the prognosis for the following years […]
  • Money’s and Banking’ Concepts The rates of return in this case are majorly the rates of interest in the monetary and the securities market. Being a borrower in this case would lead to payment of the loan at very […]
  • “Art for Money’s Sake” by William Alden This is one of the aspects that should not be overlooked. This is one of the problems that should not be disregarded.
  • 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.
  • 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, 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 […]
  • Money and Happiness Connection – Philosophy Based on measures of happiness and household income, these economists have claimed that money, in this case, economic development, has a significant impact on happiness.
  • Weddings, Marriage, and Money in the UAE The author discusses the evolution of marriage by discussing the situation in days before the discovery of oil. To show how the changes transformed the society, the author discusses the era before the discovery of […]
  • 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 […]
  • Artworks Comparison: Les Demoiselles d’Avignon and Tribute Money Though the Les Demoiselles d’Avignon, a fresco created by Picasso, was created in an entirely different epoch than Masaccio’s Tribute Money was, the two artworks still share a range of stylistic, compositional and conceptual similarities, […]
  • 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.
  • Is College Education Worth the Money Not only are people in contemporary society raised and conditioned to believe that one needs college education to succeed in life, but the stiff competition for the few job openings available continue to inform the […]
  • 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.
  • Money in History and World Cultures The desire to have money has resulted in mankind doing all sorts of jobs so as to acquire money. Ferguson has managed to contrast the amount of money that particular individuals make versus the number […]
  • Virgin Money Company’s Business Model in Canada In the context of the information provided, it would be stated that Virgin Money would succeed in Canada. Lastly, it is clear that technological factors in the country would support innovative financial products.
  • “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 […]
  • Time and Money in “Neptune’s Brood” by Charles Stross In that sense, the concept of a financial system that Stross suggests in his novel seems rather legitimate and a very witty comment on the link between the society and the financial relationships within it.
  • T-Shirts “SENIOR 2016” and Time Value of Money In this part of the project, it is necessary to discuss the concept of the time value of money and understand how it can impact the project, create a spreadsheet that can illustrate the interpretation […]
  • Park Avenue: Money, Power and the American Dream – Movie Analysis It can be taken as the national ethos of the citizens of the USA. The basis of the American society is broken and it is not united anymore.
  • European Union Anti-Money Laundering Directive Its full name is Directive 2015/849 of the European Parliament and the Council on the prevention of the use of the financial system for money laundering or terrorist financing 2015/849 of the European Parliament and […]
  • Employee Theft in “Who Stole the Money, and When?” The purpose of the given research is to extend the existing knowledge on employee theft and single out the most important determinants of this phenomenon.
  • Market Society in “What Money Can’t Buy” by Sandels Thus, the author states that the market economy is a positive creation of people while the use of market values in all aspects of people’s life is a negative and even destructive trend.
  • 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.
  • Money Development and Its Stages in World History Being the most powerful state in the world, the USSR did not manage to get rid of money, using labor as a currency and the authoritarian power to make people work.
  • Money Development from 600 BC to Nowadays Medici family was a financial symbol in Europe huge in success and power in the 16th century. A system of money in deposits and floating exchange rates was introduced to end centuries-old links between money […]
  • Money History from the Middle Ages to Mercantilism Due to the writing, the idea of bond marketing evolved as a reaction of separate governments to the crisis of money flows.
  • “Who Stole the Money, and When?” by Greenberg The purpose of research developed in the chosen article is to identify possible personal and situational variables that may affect employee theft in a certain work setting and explain their relation to unethical behavior that […]
  • Money, Its Purpose and Significance in History Money is the undisputed determinant of quality of life for inhabitants of the modern world. The concerns of money have become pertinent to people all over the world, including the ones who are living in […]
  • Deflation in the Quantity Theory of Money The present paper analyzes the recent revelations using the quantity theory of money and concludes that the United States Federal Reserve can reverse the anticipated deflation tide by increasing the amount of money circulating in […]
  • 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 […]
  • Park Avenue: Money, Power and the American Dream This is one of the drawbacks that should be taken into account by the viewers who want to get a better idea about the causes of the problems described in the movie.
  • Money History, Bonds, Market Bubbles, and Risks The concept was so important to human progress that the evolution of the financial system needed to support social and economic development resulted in the establishment of the banking system known today.
  • Human Bondage in Ferguson’s “The Ascent of Money” One of the greatest revolutions in the ascent of money after the creation of credit banks, the center of the discussion in this chapter is on how issuing bonds can help governments to borrow money […]
  • Treatise on the New Money: Document Analysis The debasement of silver and gold money led to the generation of more profits thereby covering the losses that arose from the use of low-value copper.
  • 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, […]
  • Medieval England in “Treatise on the New Money” The availability of standard quality coins was crucial to the effective running of the government and the stability of the economy.
  • Money in the “Sheriff of Cape Breton” Case Study It is a typewritten petition concerning the details of the death of the late Peter Ferguson. Before the evaluation of the paper, it is necessary to define the major concerns described in the case study.
  • Locke’s Work on Interest and Value of Money Locke’s “Some Considerations of the Consequences of the Lowering of Interest and the Raising the Value of Money” is one of his principal papers devoted to the analysis of the most actual economic issues of […]
  • 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.
  • World Money History in the 20th Century and New Objects of Value The class materials examined the developments, hurdles, and systems that have emerged due to the changing roles of money in the global economy.
  • Money History, Ethical and Social Standarts These moral preconditions of the emergence of money, the social conventions that regulate and control it, and the evolvement of its status in the present-day world can be regarded as the most significant events in […]
  • The Airtel Money Service: Indian and African Paths When comparing the Indian and African paths in introducing the service, the first difference that arises is the main user of the service as in the case of India, it was the lower middle class.
  • Monetary Policy in “The Ascent of Money” by Ferguson The rise of Babylon is closely linked to the evolution of the concept of debt and credit; without bond markets and banks, the brilliance of the Italians would not have materialized; the foundation of the […]
  • 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.
  • 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.
  • “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 […]
  • 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.
  • 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 […]
  • 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 […]
  • 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.
  • “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.
  • 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.
  • 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 […]
  • 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 […]
  • 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.
  • 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.
  • 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 […]
  • 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.
  • 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.
  • 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.
  • “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 […]
  • 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 […]
  • 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, 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.
  • 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 […]
  • 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 […]
  • 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.
  • 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.
  • 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 […]
  • 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 […]
  • 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.
  • 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 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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 […]
  • 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 […]
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • Locke’s Second Treatise of Government and Voltaire’s Candide’s Value on Money
  • Money Laundering in the USA and Australia
  • Wall Street Managers: The Art of Making Money
  • Two Attitudes Towards Money
  • Time Value of Money in Examples
  • Time Value of Money and Its Financial Applications
  • Accounting for Public Money After Railway Privatization
  • Relation Between Money and Football
  • Money and Justice: High-Profile Cases
  • Money and Banking. Financial Markets
  • Debates in Endogenous Money: Basil Moore
  • City Planning. Too Much Money: Why Savings Are Bad
  • Money Laundering and Terrorist Finance
  • The Use of Money in Business Practices
  • Spare Change: Giving Money to the “Undeserving Poor”
  • Technical Analysis as Active Money Management Method
  • “Who Says Money Cannot Buy Happiness” by Lee
  • Money Makes You Happy: Philosophical Reasoning
  • Tax Money Usage on Military Spending Issue
  • Time Value of Money: Importance of Calculating
  • Organizational Communication & the “Money” Aspect
  • Change in the Value of Money According to Keynes
  • Two Attitudes Toward Money
  • Money Role in Macro Economy
  • Money: Good or Evil? Comparing & Contrasting
  • To Make Money or Serve The Society?
  • Why Non-Monetary Incentives Are More Significant Than Money
  • Canada’s Role in the History of Money: The Relationship Between Ownership and Control
  • The Ascent of Money – Blowing Bubbles
  • The Ascent of Money – Safe as Houses
  • Money and American Classes in 1870-1920
  • The Role of Money and Class Division in Society
  • How the Virus Transformed Money Spending in the US
  • Money Management in the Organization
  • Money Investments in the Companies and Bonds
  • “Most Important Thing Is Money Ltd”: Vaccination Development
  • A Usability Test Conducted on GE Money.com.au
  • Rational Decision Making: Money on Your Mind
  • Time Value of Money from an Islamic Perspective
  • How Money Market Mutual Funds Contributed to the 2008 Financial Crisis
  • Time Value of Money: Choosing Bank for Deposit
  • What Is Money Laundering and Is It Possible To Fight It
  • Money Management: Investment on Exchange-Traded Funds
  • Money Tree Software: Financial Planning
  • Anti Money Laundering and Financial Crime
  • Time Value of Money Defined and Calculations
  • The Supply of Money in the Capitalist Economy
  • Lessons on Financial Planning Using Money Tree Software
  • Type Borrowing Money: Margin Lending
  • Money Laundering and Sanctions Regulatory Frameworks
  • Trade-Based Money Laundering and Its Attractiveness
  • Anti-Money Laundering in the UK Jurisdiction
  • Anti-Money Laundering: Financial Action Task Force
  • Researching of the Time Value of Money
  • Money and Banking: General Information
  • Financial Institutions and Money
  • The Perception of Money, Wealth, and Power: Early Renaissance vs. Nowadays
  • Money, Happiness and Satisfaction With Life
  • Impact of Natural Disasters on Money Markets and Investment
  • Trade-Based Money Laundering
  • Where Does the Money Go? by Bittle & Johnson
  • Can Money Buy You Happiness?
  • Integration of Business Ethics in Preventing Money Laundering Schemes
  • Play Money Paper: A Report
  • The Concept of the Time Value of Money
  • Giving Money to the Homeless: Is It Important?
  • Should America Keep Paper Money
  • The Lebanese-Canadian Bank’s Money Laundering
  • Time Value of Money: What You Should Know
  • Discussion: Can Money Buy Happiness?
  • Money Laundering Through Cryptocurrencies
  • Traditional vs. Modern Forms of Money
  • Saving Money Using Electric or Gas Vehicles
  • The Fiscal Triad and Money as a Weapon System
  • “Money as a Weapon” System and Fiscal Triad
  • The Ways Terrorists Raise and Move Money
  • Money Laundering: The Kazakhgate Case
  • What Do Money and Credit Tell Us About Actual Activity in the United States?
  • What Influence Does Money Have on Us Politics?
  • Can Money Change Who We Are?
  • Does Government Spending Crowd Out Donations of Time and Money?
  • Does More Money Mean More Bank Loans?
  • Are Corporate Ceos Earning Too Much Money?
  • Did the Turmoil Affect Money-Market Segmentation in the Euro Area?
  • How Appealing Are Monetary Rewards in the Workplace?
  • How Does Inflation Affect the Function of Money?
  • Can Banks Individually Create Money Out of Nothing?
  • Are Credit Cards Going to Be the Money of the Future?
  • Does Money Protect Health Status?
  • Can Cryptocurrencies Fulfill the Functions of Money?
  • What Tools Used by the Federal Reserve to Control Money Supply?
  • Are Athletes Overpaid Money Professional Sports?
  • Does Electronic Money Mean the Death of Cash?
  • What Does Motivate Employees and Whether Money a Key?
  • What Are the Three Functions of Money?
  • Are Gym Memberships Worth the Money?
  • Does Broad Money Matter for Interest Rate Policy?
  • Does Money Help Predict Inflation?
  • Does One’s Success Depend on the Amount of Money a Person Earns?
  • How Does Federal Reserve Control the Money Supply?
  • Does Interest Rate Influence Demand for Money?
  • Does Commodity Money Eliminate the Indeterminacy of Equilibria?
  • Are College Degrees Worth the Money?
  • Can Money Matter for Interest Rate Policy?
  • How Banks Create Money and Impact of Credit Booms?
  • How Can Virtualization Save Organization Money?
  • Can Money Diminish Student Performance Disparities Across Regions?
  • Chicago (A-D)
  • Chicago (N-B)

IvyPanda. (2023, October 26). 255 Money Topics to Write About & Essay Examples. https://ivypanda.com/essays/topic/money-essay-topics/

"255 Money Topics to Write About & Essay Examples." IvyPanda , 26 Oct. 2023, ivypanda.com/essays/topic/money-essay-topics/.

IvyPanda . (2023) '255 Money Topics to Write About & Essay Examples'. 26 October.

IvyPanda . 2023. "255 Money Topics to Write About & Essay Examples." October 26, 2023. https://ivypanda.com/essays/topic/money-essay-topics/.

1. IvyPanda . "255 Money Topics to Write About & Essay Examples." October 26, 2023. https://ivypanda.com/essays/topic/money-essay-topics/.

Bibliography

IvyPanda . "255 Money Topics to Write About & Essay Examples." October 26, 2023. https://ivypanda.com/essays/topic/money-essay-topics/.

  • Wealth Research Topics
  • Financial Crisis Paper Topics
  • Budget Ideas
  • Cash Flow Paper Topics
  • Hard Work Research Topics
  • Cryptocurrency Essay Ideas
  • Corruption Ideas
  • Wall Street Questions
  • Time Management Essay Titles
  • Stress Titles
  • Bitcoin Research Topics
  • Technology Essay Ideas
  • Charity Ideas
  • Economic Topics
  • Cheating Questions

Become a Writer Today

Essays About Money: Top 5 Examples and 6 Prompts

With money comes great power; however, power must always come with responsibility. Discover thought-provoking essays about money in our guide.

Money is everywhere. We use it to eat, drink, clothe ourselves, and get shelter, among many other uses. Nowadays, it is an undisputed fact that “money makes the world go round.” The earliest known form of money dates back to around 5,000 years ago ; trade was previously carried out using a barter system. However, over the centuries, more and more nations began implementing a currency system, and money has become more critical. 

In the contemporary world, it seems to be “all about money.” However, it is important not to lose sight of what is important; we must maintain good physical and mental health and healthy relationships with the people around us. Money is necessary; it is just not the only thing necessary. To start your essay, read these examples to write insightful essays about money. 

5 Top Examples On Essay About Money

1. essay on money by prasanna, 2. how money changed human history by jacob wilkins, 3. capitalism: money that make money by ernestine montgomery, 4.  is money the most important thing by seth higgins.

  • 5. ​​An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

1. good uses for money, 2. the “dark side” of money, 3. money’s role in history, 4. morality vs. money, 5. can money buy happiness, 6. how to save money.

“Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money”

This essay gives readers a general outlook on money and its advantages and disadvantages. It gives people equal opportunity to work for their dreams and motivates them to be productive members of society, while it also raises the question of greed. Money, without a doubt, has its positive and negative aspects, but it exists and is only becoming more critical.

“But the barter economy was flawed. There was no universal measure for determining the value of an item. It was all based on the subjective opinion of the individuals involved. And to make matters worse, the barter economy relied on both sides wanting something the other had to offer. Trade, therefore, could be sluggish and frustrating. Human beings needed something different, and money was the answer.”

Wilkins writes about how money revolutionized the way trade was conducted. The barter system involved trading any objects if both parties agreed to a deal, such as trading animal skins for fish or medicine for timber. However, the only measure of an item’s value was how much one party wanted it- both sides needed to have something the other wanted. The introduction of money allowed people to put a solid value on commodities, making trade easier.  

“So, if you were to closely observe the dirty, disordered canvas of economic progress during the 20th and 21 st century, you should conclude that, for all its warts, capitalism has been the winner. It has sometimes caused pain; suffered from serious cycles; and often needed the clout of the state- such as we have seen from September 2008. It has also been quite resistant to sensible regulation. Even so, the basic institutions of capitalism have worked, not just in the US and the OECD (Organization for Economic Co-operation and development) nations, but also many developing countries, of which India is one.”

Albeit lengthy, Montgomery’s essay discusses the debate between socialism and capitalism, a topic of which money is at the core. Montgomery describes Karl Marx’s criticism of capitalism: all the money goes to a few people, not the workers. She believes these are valid to an extent and criticizes certain forms of capitalism and socialism. Neither capitalism nor socialism is perfect, but according to Montgomery, capitalism creates a better economy. 

“Being the richest man in the world does not mean you are the happiest man in the world, although money can buy you happiness sometimes, but not always. If we could all appreciate the way life is, the fun, and the beauty I think the world would be better. If people weren’t power hungry maybe we’d have a lesser demand for money. Those people who is money hungry and power hungry need to relax. Money can’t buy you happiness. These individuals need to understand that.”

Higgins implores readers to remember that money is not the only thing people need in the world. He stresses the necessity of money, as it is used to pay for various necessary goods and services; however, he believes it is not a prerequisite for happiness. Material things are temporary, and there are other things we should focus on, like family and friends. 

5. ​​ An Introduction to Saving Money by Jeremy Vohwinkle

“A financial emergency may take the form of a job loss, significant medical or dental expense, unexpected home or auto repairs, a hurricane or major storm, or something unthinkable, such as a global pandemic. The last thing you want to do is to rely on credit cards with their hefty interest fees or to be forced to take out a loan. That’s where your emergency fund can come in handy. Historically, the formula for an emergency account is to have enough readily available cash to cover three to six months of living expenses.“

Vohwinkle’s essay gives readers some suggestions on how to save more money. Most importantly, he suggests setting up an emergency fund, as all other saving techniques stem from there. He also suggests creating an automatic savings plan and cutting down on “spending leaks,” like buying coffee. You might also be interested in these essays about celebration .

In this essay, write about why money is necessary and the ways to use it for the greater good, and include ways in which it can be used (investing, donating, etc.). For each point, you make, be sure to explain why. Of course, this is entirely subjective; feel free to write about what you consider “good uses” for money. 

On the other hand, money also has a negative side —research on money-related issues, such as taxpayer-funded corruption and trading of illegal goods. In your essay, explore this side of money and perhaps give solutions on how to stop these problems. 

Money has played a progressively more important role throughout human history. Discuss the development of currency and the economy, from the barter system to the digital world we live in today. You need not go too in-depth, as there is a lot of ground to cover and many eras to research. Be sure to cite reputable sources when discussing history. 

Many people warn of “selling your soul” for financial gain. In your essay, you can write about the importance of having solid values in this day and age, where money reigns supreme. What principles do you need to keep in mind? Explain how you can still value money while staying grounded; mention the balance between material needs and others. 

As stated in Higgins’ essay, more people have begun to prioritize money over all else. Do you believe that money is truly the most important thing? Can it alone make you happy? Discuss both sides of this question and choose your position accordingly. Be sure to provide precise supporting details for a stronger argument. 

Essays About Money: How to save money?

Enumerate tips on how you can save money. Anything works, from saving certain things for special occasions to buying more food in the grocery rather than eating out. This is your opinion; however, feel free to consult online sources and the people around you for extra advice. 

For help with your essays, check out our round-up of the best essay checkers .If you’re still stuck, check out our general resource of essay writing topics .

essay on paper money

Martin is an avid writer specializing in editing and proofreading. He also enjoys literary analysis and writing about food and travel.

View all posts

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 .

essay on paper money

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.

Customize your course in 30 seconds

Which class are you in.

tutor

  • Travelling Essay
  • Picnic Essay
  • Our Country Essay
  • My Parents Essay
  • Essay on Favourite Personality
  • Essay on Memorable Day of My Life
  • Essay on Knowledge is Power
  • Essay on Gurpurab
  • Essay on My Favourite Season
  • Essay on Types of Sports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Download the App

Google Play

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.

Students must have found this essay on money useful for improving their essay-writing skills. They can get the study material and the latest updates on CBSE/ICSE/State Board/Competitive Exams, at BYJU’S.

Leave a Comment Cancel reply

Your Mobile number and Email id will not be published. Required fields are marked *

Request OTP on Voice Call

Post My Comment

essay on paper money

  • Share Share

Register with BYJU'S & Download Free PDFs

Register with byju's & watch live videos.

close

Counselling

Live Support

Home — Essay Samples — Economics — Finances — Money

one px

Essays on Money

Why money rules the world, relationship between money and happiness, made-to-order essay as fast as you need it.

Each essay is customized to cater to your unique preferences

+ experts online

The Importance of Saving Money: Strategies for Financial Discipline

Riches and eternal joy: possibility of buy happiness, treasures are closer than you think, importance of money in modern society, let us write you an essay from scratch.

  • 450+ experts on 30 subjects ready to help
  • Custom essay delivered in as few as 3 hours

How to Manage Money Correctly

Money makes life easier but it doesn't make you happy, money isn't synonym happiness, financial planning and managing money, get a personalized essay in under 3 hours.

Expert-written essays crafted with your exact needs in mind

The Truth: Money Does not Buy Happiness

The complete history of money and its origins, money and happiness: can money buy happiness, universal basic income as free money for all, top four ways to make money online, controlling exchange: money in a sentimental journey, my current financial situation and financial plan, the major amendments to the bankruptcy, the best ways to generate passive income, my view of improving health care system, the benefits of coupons for customers, changing my view of life, the wealth in modern times: an issue of morality and sustainability, why i want to study finance at university, top three theories explaining the cause of the cryptocurrency market crash, block chain - the next generation technology, bitcoin: a new trustable and secure currency, the effect of money on jay gatsby, how to manage your money as a student, the correlation between income rates, emotional well-being and happiness, relevant topics.

  • Supply and Demand
  • Stock Market
  • Penny Debate
  • Unemployment
  • American Dream
  • Minimum Wage
  • Real Estate
  • Cosmetology
  • Consumerism

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy . We’ll occasionally send you promo and account related email

No need to pay just yet!

We use cookies to personalyze your web-site experience. By continuing we’ll assume you board with our cookie policy .

  • Instructions Followed To The Letter
  • Deadlines Met At Every Stage
  • Unique And Plagiarism Free

essay on paper money

Sample details

  • Technology,
  • Cryptocurrency
  • Words: 1097

Related Topics

  • Classical Conditioning
  • Development
  • Mobile Phone
  • biotechnology
  • Cloud Computing
  • Moon Landing
  • Information Technology
  • Mass production
  • Impact of Technology

Paper Money and Digital Currency

Paper Money and Digital Currency

Currently, we the people, use paper money and digital currency. Some people use only one or the other. Regardless of which side they are on, the two excites in society today. They both are used daily. The question is, will digital currency be a reliable replacement for paper money? I do not believe digital currency is a reliable replacement for paper money.

The digital currency could be many things, in many ways. It is not just credit cards or debit cards only. There can be so many others, such as, token points for a certain app, that uses it, that can be transformed into digital money. Digital currency is very flexible. As for paper money for some people it is a hassle because some may not have any physical money on them, so they may have to go all the way to the bank wait in a long line just to get some cash out from their bank. With digital currency however, there can be much more fraud on the persons account. More people (hackers) stealing from others through technology. According to Janda, Michael. “Aside from these inherent contradictions, the BIS also warns that cryptocurrencies remain more vulnerable to fraud and even potential debasement than currencies managed by responsible central banks. as with any part of the financial sector, the cryptocurrency space is frequently the target of outright fraud. This is particularly the case with initial coin offerings (ICOs), where investors put conventional money into the launch of new cryptocurrencies.” Even people that are minors may even be able to have computers as their power of way to steal digital currency from others.

ready to help you now

Without paying upfront

There is also more value into paper money compared to tokens that can be transformed into digital currency. When asked to the public if digital currency will replace paper money, even the people that love the token, cryptocurrencies, and digital currency, say that it is unrealistic and that it should not happen anytime soon. According to LaPonsie, Maryalene. “When asked if cash will disappear anytime soon, even fans of cryptocurrencies and cashless systems say that’s not likely. ‘No, that’s not realistic for the next 50 years,’ Drake says. While he remains confident in the viability of cryptocurrencies, ‘It will never replace cash in this century,’ he says.” Many people also believe that there will be issues with the government if we go into paperless money. And that it will affect the government and the feds. In the same article of LaPonsie, Maryalene she sates “If and when consumers embrace cryptocurrencies, Nigro predicts the government will get involved. ‘I think eventually we’ll see some sort of digital currency issued by the federal government,’ he says.” For digital currency there can also be issues with the storage, there needs to be stored and transmitted information to be checked and millions of transactions a day, for many people storage on phones and computers may come to be unreliable as sometimes the memory card that is put in them may become destroyed or damaged.

“The second problem is the amount of data that needs to be both stored and transmitted to verify the blockchains in distributed ledger handling millions of transactions a day. “With every transaction adding a few hundred bytes, the ledger grows substantially over time. For example, at the time of writing, the bitcoin blockchain was growing at around 50 GB per year and stood at roughly 170 GB,” the report noted. To handle the volume of transactions that go through major global payment networks like Visa, Mastercard or PayPal, you would quickly need banks of servers to store the data. But the problem worsens when you consider that this information must be shared each time a new transaction has to be added to the chain.” (Janda, Michael) Many Federal Reserve’s disagree that digital currency will replace paper money. According to Shen, Lucinda, she states that New York federal reserves Williams, John laid a case on why cryptocurrencies, or any sort of digital currency cannot replace paper money. “the current San Francisco Fed President John Williams laid out a case for why cryptocurrencies, the most prominent of which is Bitcoin, cannot replace paper money. Like others who question Bitcoin’s usefulness as a currency, Williams noted that cryptocurrencies are volatile, making it difficult to pay the correct price for an item. Secondly, while the world’s central banks try to stabilize the economy at times by either increasing or decreasing the amount of cash circulating, Bitcoin has a fixed supply: 20 million. “Cryptocurrency doesn’t pass the basic test of what a currency should be,” he said, as reported by CNBC.”

Which makes sense on why digital currency would be hard to replace paper money. I understand both sides. There are always pros and cons to each side. If digital currency were to replace paper money. There just would be many problems. It cannot be a reliable replacement. The way it is in society today, is what I think is the best way. Because you can choose which side you want to use, and it is open to many options. Out of the two sides, with digital currency replacing paper money would have the most cons. Compared of it not replacing paper money. If digital currency does replace paper money, there will indeed be many issues with this. It is not a reliable replacement for paper money. The way it is now is good. How people have the option to go with paper money for digital currency, their choice. IF just one is chosen, either to have digital or paper only then there would be a lot of conflict between people. Plus, not to mention the government having issues as well with digital currency. That alone is a major and high purpose on why it is not a reliable replacement of paper money.

In conclusion, nothing is a real good reliable replacement for paper money. Paper money has been around for more than 500 years. The best idea is to keep the way it is today, where people have the choice to choose whether they want to use cash or digital currency.

  • Janda, Michael. “Cryptocurrencies like bitcoin cannot replace money, says Bank for International Settlements.” ABD News, 18 Jun 2018, https://www.abc.net.au/news/2018-06-18/cryptocurrencies-cannot-replace-money-bis/9879448.
  • LaPonise, Maryalene. “Will We Say Goodbye to Cash in 2018?” U.S. News & World Report, 4 Jan 2018, https://money.usnews.com/money/personal-finance/banking-and-credit/articles/2018-01-04/will-we-say-goodbye-to-cash-in-2018.
  • Shen, Lucinda. “Cryptocurrencies Like Bitcoin Can’t Replace the Dollar, Says New York Fed Chief Nominee.” Fortune, 21 April 2018, http://fortune.com/2018/04/20/bitcoin-new-york-fed-central-bank-jack-dorsey/.

Cite this page

https://graduateway.com/paper-money-and-digital-currency/

You can get a custom paper by one of our expert writers

  • Artificial Intelligence
  • Search Engine
  • Digital Technology
  • Programming
  • Virtual Reality

Check more samples on your topics

Chaos in the currency markets: currency crisis of the ems.

What does the crisis of September 1992 Tell you about the comparative abilities of currency markets and national authoritiess to act upon exchange rates? The currency markets and national authoritiess both have abilities to influence exchange rates. Like other fiscal markets, foreign exchange markets react to any intelligence that may hold a future consequence. Speculators

U.S. Paper Currency and Presidents (Faces) On bills

President on $1 one dollar bill: George Washington. George Washington is also on quarter dollar coin. President on $2 two dollar bill: Thomas Jefferson. Thomas Jefferson is also on nickel coin. President on $5 five dollar bill: Abraham Lincoln .Abraham Lincoln is also on penny one cent. Face on $10 Ten dollar bill: Alexander Hamilton. He was not

Power Is Money Money Is Power

Power is money and money is power. There are many more illustrations of this now than anytime in the yesteryear. One of the most obvious illustrations is political relations. Ross Perot was an unkown multimillionaire and his money is the lone ground that he made it into the presidential election. If a adult male who

Night Vision Goggle Training and Currency Requirements for the Fixed-Wing VFR Pilot

Night Vision Goggle Training and Currency Requirements for the Fixed-Wing VFR Pilot Manuel Gomez Embry-Riddle Aeronautical University ASCI 691 Graduate Capstone Course Submitted to the Worldwide Campus in Partial Fulfillment of the Requirements of the Degree of Master of Aeronautical Science March, 2013 Abstract The current FAA mandated Night Vision Goggle (NVG) training and currency requirements will be evaluated to determine their suitability when applied

Whether Macau Pataca Should Shift Currency Peg Form HKD to RMB

1. Introduction There are many reasons to celebrate Macau’s economic growth which enabled Macau push up the exchange rate of domestic currency Pataca. Unfortunately, the Pataca has been depreciating rapidly the currency RMB, its largest trading partner mainland. Macau Pataca fell from 1. 03 Yuan/MOP at July 2005 to 0. 85 Yuan/MOP in April 2009.

Rules for Foreign Currency Transactions

INTRODUCTION A foreign currency transaction is a transaction which is denominated in or requires settlement in a foreign currency. An enterprise either buys or sells goods or services whose price is denominated in a foreign currency. It can also borrow or lend funds when the amounts payable or receivable are denominated in a foreign currency. The measurement

Two Main Types of Currency Exposure

General Motors

General Motors was the world’s largest automaker and, since 1931, the world’s sales leader. In 2001, GM had unit sales of 8. 5 million vehicles and a 15. 1% worldwide market share. Founded in 1908, GM had manufacturing operations in more than 30 countries, and its vehicles were sold in approximately 200 countries. In 2000,

Argentina’s Bold Currency Experiment and Its Demise

Argentina, once the world’s seventh-largest economy, has long been considered one of Latin America’s worst basket cases. Starting with Juan Peron, who was first elected president in 1946, and for decades after, profligate government spending financed by a compliant central bank that printed money to cover the chronic budget deficits had triggered a vicious cycle

Impact of Currency Devaluation on Trade Balance of Pakistan

Impact of Currency Devaluation on Trade Balance of Pakistan In a developing country large amount of exports consist of primary commodities and exports earnings due to the relative inelasticity of supply and uncertain production levels of primary goods, are not only unpredictable, but also vulnerable to a number of factors. The developing countries also depend

essay on paper money

Hi, my name is Amy 👋

In case you can't find a relevant example, our professional writers are ready to help you write a unique paper. Just talk to our smart assistant Amy and she'll connect you with the best match.

InfinityLearn logo

Essay on Money in English for Children and Students

February Offer

Table of Contents

Essay on Money: Money is the medium used by people to buy required goods and services. It is used as the source to fulfill basic needs and is also a source of comfort in life. Money is the most important source to live a healthy and prosperous life; however, it cannot be compared with the significance of love and care. Both have their own importance and benefits. Nevertheless, money is a useful and necessary commodity to live contentedly disposing all your usual liabilities towards your family and loved ones.

Fill Out the Form for Expert Academic Guidance!

Please indicate your interest Live Classes Books Test Series Self Learning

Verify OTP Code (required)

I agree to the terms and conditions and privacy policy .

Fill complete details

Target Exam ---

Long and Short Essay on Money in English

We have provided some simply written essay on money to help your kids to do better in their essay writing competition.

These Money Essay are written in easy English so that student of any class can easily understand it and also reiterate it or write it down, whenever required.

We have divided following essays under long and short essay on money in English according to the need, to help your kids to do better in their school competitions.

These essay on money will prove useful in your school assignments or general discussion with your family and friends.

Money Essay 1 (100 words)

Money is the most basic requirement of the life without which one cannot fulfill his basic needs and requirements of the daily routine. We can never compare the importance of the money with the importance of love or care. When one need money, love cannot fulfill this requirement and if one need love, money cannot fulfill this requirement.

Both are highly required for the healthy life but they have their significance and importance separately. Both are required by us on urgent basis so we cannot rank both on the same scale. We need money everywhere such as to eat food, to drink water or milk, to see TV, news, subscribe newspaper, wear clothe, get admission and many more requirements.

Money Essay 2 (150 words)

Money is the basic requirement of the life without which one cannot imagine a healthy and peaceful life. We need money even buying a little needle. In the modern time, where growth of civilization is going very fast and following western culture, we need more money because of the increasing prices of everything. Earlier there was a system called barter system in which one was allowed to exchange things to get goods however, in the modern one need only money to buy everything.

The importance of money is increasing day by day as the living has become so costly. The significance of money has increased to a great extent in the field of production, consumption, exchange, distribution, public finance and etc. It plays a very crucial role in determining the input, income, employment, output, general price level of anything, etc.

Money Essay 3 (200 words)

In such a costly and competitive society and world, no one of us can live without money. We need money to fulfil our basic needs of the life such as buying food, and other many basic necessities of life which are almost impossible to buy without money. People in the society who are rich and have property are looked as honourable and respectful person of the society however a poor person is seen as hatred without any good impression.

Money increases the position of the person in the society and gives good impression to him. All of us want to be rich by earning more money through good job or business in order to fulfil all the increasing demands of the modern age. However, only few people get this chance of completing their dreams of being a millionaire.

So, money is the thing of great importance all through the life. Money is required by everyone whether he/she is rich or poor ad living in urban areas or rural areas. People in the urban areas are earning more money than the people living in backward or rural areas as the people of the urban areas have more access to the technologies and get more opportunity because of the easy sources.

Essay on Jan Dhan Yojana

Money Essay 4 (250 words)

Money is very much required thing in the life however; it cannot buy things like time, love and true care. It can only fulfil the outer needs of the person and not the inner needs like true love. Now-a-days, everything has become so costly but necessary to buy for living a simple life. And what if we have no money, either we would die or suffer more if saved.

Money has capability to buy anything virtually and helps us a lot throughout the life. By taking the importance of the money in our life we should never destroy or waste the money without any purpose. We should not compare the money and love because both are required separately to run a successful life.

In this competitive world, everyone wants to get good study with higher education from the popular college and university to get good job in order to earn more money. A person needs more money to fulfil the requirement of the all members of the family especially one who is only working person of the family.

He or she needs to fulfil the eating, clothing and living requirements of the family members and for that money is required. Rich people of the society are given particular recognition and popularity however poor people live their life by arranging just food for two times a day. All the changes and differences are just because of the money.

Money Essay 5 (300 words)

Money is really a very important thing for the human beings to lead their life in the satisfactory way. Unlike animals and plants, we need more money everywhere. In order to live in the society, we need to maintain our status and position in the society for which we need money. In order to eat food or drink water, wear cloth, get admission to the school, take medicine or go to the hospital and other many activities we need lots of money. Now the topic arise is, where we got such required money. We need to get higher level study and do hard works to get good job or open our own business which requires more skill and confidence.

Earlier the condition of poor people was very poor because of the pressure of the rich people. They were not helping the poor people and use them only as a servant on the very low salary. However the condition of the poor people has become good as the rule and regulations of the government as been change in order to equalize the condition of both. Now everyone has equal rights to study higher and get good job. Many people understand that money is the origin of the evil in the mind however I do not think so because thinking is the process of human mind and not the creation of money.

I understand and believe that money is the most important key of happiness gifted by the God. It is the human mind to take anything in different ways. Some people take it only to fulfil their physical needs and they never take it heartily however some people understand everything to the money and they can do anything for getting the money such murder, corruption, underworld work, smuggling, promoting bribe, etc.

Money Essay 6 (400 words)

There is no any doubt that money is so essential for our healthy living. Money is almost everything for us to live a life and maintain the good stats in the society. It is the money which fulfils the need of bringing necessary comforts and amenities of the life. If one has money, he/she can get anything in his/her life. It is the money which helps us in developing good personality, improving confidence, makes us able to creditworthiness, improving capacity, increasing capabilities and enhancing our courage to a great level. Without money we feel helpless and alone in this world where no one is ready to help and assist. In the current materialistic world, money is very important and powerful thing without which one cannot live and survive.

Now-a-days, in order to earn more money in wrong ways, bad people are taking help of corruption, bribe, smuggling, murder rich people of the society, and other callous activities by degrading the moral and ethical values of the humanity. Lazy people follow wrong ways to earn money as they understand that these ways are simple and easy however it is not true. One can earn more money in less time and effort but not for long; surely he would be lost in the near future as he is following wrong and weak way. The people who are earning money by following all the rules of humanity earn less money but for long time and they become the high status personality of the society.

People doing corruption save their money as a black money in other countries to keep hidden from the common public and use that money for bad works or increasing their physical luxury. However, common people of the society respects a lot to the people earning money using wrong techniques as they have fear of them and little bit greediness that they can get some money in return whenever required by giving them respect. They are generally called as the bhai or dada or don. Money cannot buy or stay the time as well as cannot give true love and care however highly required by all of us to run the life on the right path. It cannot give time and love however gives happiness, confidence, satisfaction, feeling of well being mentally and physically, makes life easy by solving all the difficulties, and many more.

All the essays on money given above are written by the professional content writer to help students in getting fulfilled their needs and requirements. Essay on money is generally assigned to the students to write something in their own way. Money essay is given under the category of general essay.

Frequently Asked Questions on Money

Who found money.

Money, in various forms like barter or trade, has existed since ancient times. The first coined money is believed to have been created by the Lydians, in what is now Turkey, around 600 BC.

Who said money is life?

This specific quote isn't attributed to a singular famous person. Various interpretations and contexts might exist, but the idea that money plays a significant role in many aspects of life is widely acknowledged.

What is money quotes?

A popular quote about money is, Money can't buy happiness, but it certainly helps.

What is the nature of money?

The nature of money is abstract. It has no intrinsic value but is accepted as a medium of exchange. Its value is determined by trust and the backing of an authority, like a government.

What is the value of money in life?

The value of money in life goes beyond purchasing power. It provides security, freedom, and opportunities, but isn't the sole determinant of happiness or success.

What is the importance of money?

Money is essential as it enables trade, provides financial security, meets daily needs, and offers the potential for a better life. It's a measure of one's ability to afford services and products.

What is money in own words?

Money is a tool that facilitates trade, allowing us to purchase what we need or desire. It represents value and can be saved, spent, or invested.

What is the few lines on money?

Money is a medium of exchange, used to buy goods and services. It acts as a unit of account, a store of value, and is universally accepted in transactions.

Related content

Call Infinity Learn

Talk to our academic expert!

Language --- English Hindi Marathi Tamil Telugu Malayalam

Get access to free Mock Test and Master Class

Register to Get Free Mock Test and Study Material

Offer Ends in 5:00

essay on paper money

From stress to success – hire a pro essay writer!

Trust your assignments to an essay writing service with the fastest delivery time and fully original content.

essay on paper money

Top-notch essay writers in one place

Welcome to a time-tested and student-trusted platform. Here we connect students like you, who are looking for quality essay help, with those, who can provide it. See the ratings of our essay writers and hire the one that fits your request best.

Neat W.

Work with a perfectly-fit essay writer online

Interested in a specific paper writer? Take a look at the writer's account to see their ratings, reviews, and order stats. Once you think they are the perfect fit, have them write paper for you.

1. Give us your essay writing instructions

To complete your write my essay request, our team needs a few details concerning your order. Fill out a short form to specify what kind of essay writing help you seek and place your order.

2. Hire your ideal essay writer online

Check out paper writer accounts to see their ratings, customer reviews, and other aspects. Compare different experts and pick the one who will write paper for you.

3. Get your paper writing done

Once your order is ready, download the paper to check if it meets your needs. Then, pay for essay using your personal account at EssayPro.

essay on paper money

What clients say about our writing service

Check out the latest feedback from learners who use our essay writing services.

The perks you get when using our essay writing service

Original writing.

When you turn to our essay writing service for assistance, you're guaranteed to receive an A-level piece without a trace of plagiarism. Our genuine pros craft all papers from scratch, consulting your instructions at all times. Ask us to write a paper and enjoy 100% originality.

24/7 support by your side

Our stellar customer service team is on standby 24/7 to address your "write my essays for me" requests. With our A-class essay service, you'll never be left hanging.

Security & anonymity

Pay for essay and never worry about your confidentiality. EssayPro fiercely protects your anonymity and uses secure gateways to process payments. Besides, your personal data is never revealed to anyone, even your paper writer.

Unlimited edits free of charge

When you pay for essay writing to EssayPro, you get caring guidance every step of the way. Our highly skilled essay writers will edit your work for free for 30 days after order completion.

Your #1 paper writing service

Our expert essay writers can tackle any academic task you entrust them with. Here are some of the services we offer.

  • Research paper
  • Presentation or speech
  • Annotated bibliography
  • Article review
  • Literature review
  • Business plan
  • Research proposal
  • Book / movie review
  • Editing and proofreading
  • Reflective writing
  • Thesis / dissertation
  • Admission essay
  • Creative writing
  • Critical thinking / review
  • Book reviews
  • Homework assignment
  • Statistics assignment
  • Physics assignment
  • Engineering assignment
  • Biology assignment
  • Chemistry assignment
  • Math assignment
  • Geography assignment
  • Multiple choice questions
  • Short answer questions
  • Word problems

Essay writing service FAQs

Will the assigned essay writer follow the guidelines specified in the order, can my paper writer make changes to the final version, how can i be sure that your essay service delivers original papers, how do i pick an essay writer who’s the best match for me, in what formatting style can you write an essay for me, does your paper writing service allow adding extra assignment details after the order is already placed, what free features do i get at your essay writing service, how do i get my paper from your essay writing service, can you give me a report on uniqueness after you write my essay, can you write my essay asap, how do i pay for your paper writing service, when do i have to pay for paper, are there any free features available at your paper writing service, can your experts write my essay online, how do i hire professional essay writers, does your paper writing service have a refund policy, can i add more money for a specific order after hiring a paper writer and making a deposit, does my information remain confidential at your essay service, follow our paper writing service on social media for the latest news, tips, and more.

Join the big family of our writing service on Instagram to get lots of handy tips and tricks and be the first to learn about our discounts!

Follow our paper writer service on Facebook to check out the freshest memes and killer essay hacks.

Watch us on YouTube to get your essay writing skills to the next level with the help of expert advice.

Make your studies effort-free with our essay service

Your essay writing service with tons of experience.

EssayPro has been providing top-quality essay writing services for over 20 years now, taking care of our customers’ assignments and helping them succeed. So, why do clients keep choosing our services?

We carefully handpick all our paper writers to ensure that each of them demonstrates the highest level of professionalism, expertise, and dedication. Such an approach allows us to deliver top-notch papers for everyone who turns to us with "write my essays" request.

Our experienced essay help team specializes in crafting all types of papers, in all areas and of any complexity level. From a simple one-page essay to a thorough and complex dissertation - EssayPro has you covered.

Thanks to our vast experience, we create papers tailored to every customer’s unique needs. And we’re ready to handle any learning challenges you might face for you. When you turn to us for help, you will receive the best quality of service within the specified time!

How can hiring an expert essay writer help me?

You must be going through a wide range of challenges, such as combining studies with sports and other extracurriculars. On top of that, you probably have a side hustle or even a full-time job to cover your expenses. So, if your life is intense and fast-paced, it will never hurt to have a trusted assistant by your side. And that’s why EssayPro is here!

By hiring professional essay writers, you get an opportunity to take some load off your shoulders. When you are busy with a job, sports, family commitments, or anything else, all it takes is to say, “please, write my essays for me,” and we will help you get your papers done right and with no effort.

We have everything to satisfy your "write my paper" request. Whether you need an essay or any other paper - we’ll take up the challenge. When your papers are due in a week or in just 6 hours - we’ll deliver them on time. And, if you have other things to do or simply want to rest from your struggles - turn to our essay writer help and regain control over your life!

The fastest way to write my essay for me

The team of our paper writing service knows that a learner’s life often involves juggling lots of responsibilities and pursuing several important goals at once. But what if you’re constantly drained? Do you feel like it’s impossible to keep up with your seemingly successful peers despite that you’re trying so hard?

We’ve been there - it’s not your fault. The thing is, there’s almost always too little time to handle all your assignments properly. This can put too much pressure on you, causing you to be too hard on yourself just to tick all the boxes on your list. And, often, pushing yourself to achieve unrealistic goals brings even more problems, including burnout and even depression.

Our "write my paper for me" service was created to help you avoid this. With our essay writing help, every learner can delegate their tasks to professionals who will complete them right on time and at the best level possible. Starting from just $11 per page, we give you an opportunity to save your efforts for things that matter without harming your performance. And even that’s not all!

We realize that you can be in a tight spot when there is no time to complete a paper due in just a few days. The good news is that you can hire an essay writer to overcome this challenge. Even if you’re in a rush, we can deliver your paper ASAP without compromising the quality!

Say “write my paper” and get help from top-rated writers

Whether there is a last-minute essay or extensive research work that you are dealing with, you shouldn’t worry about it when there’s EssayPro by your side. Our essay writing service is always here to give you a helping hand, with top-level professionalism guaranteed.

At EssayPro, we employ the best paper writers. Our experts hold bachelor’s, master’s, and even Ph.D. degrees, and each of them has at least a few years of experience crafting papers in their respective fields.

Before we let a new employee work on your write essay for me orders, we make them undergo several rounds of verification and tests to check if their qualification is high enough to deliver top-level help with your papers. And we require them to study and follow our thorough quality control procedures for the best results.

What else allows us to reach almost 100% satisfaction? Apart from selecting the best authors, we also hire seasoned managers who will supervise their work. We believe that effective supervision is the key to ensuring consistently high quality for all papers that we deliver. So, when you pay for essay with us, you always have a quality guarantee.

All you have to do to get all these benefits is to place an order at our service and pick your perfect expert. Our service operates 24/7, so you can reach us right when needed.

Once your order is placed and assigned to a chosen expert, they will complete it following your instructions. Our experienced authors will tailor every paper to your unique requirements. And, once the order is ready, you can always download and check it before releasing the payment.

Lastly, we give every client 30 days after the order completion to request amendments for free.

All these factors make us the best writing service for you. So, don’t waste any time and get your professional assistance now!

A professional paper writing service you can afford

Whether requesting an essay, or any other type of assistance, with EssayPro, you can afford it! When you place your "write my essay online" order with us, you will get:

  • user-friendly interface and seamless ordering process;
  • the best paper writers for hire;
  • professional assistance with all kinds of papers;
  • customer-centered approach;
  • around-the-clock support;
  • on-time delivery;
  • amendments until you consider your paper flawless.

And we make all of it affordable for every learner!

The price for our "write paper for me" services starts from as low as $11 per page. What’s more, we always provide generous discounts to help you save even more money while also saving your precious time. For instance, the further your completion date - the lower the price.

Also, the more pages you order, the more cost-effective our service will be.

EssayPro is a perfect balance of accessibility and professionalism. With us, everyone can afford to hire an expert essay writer. This investment will later pay off and result in better performance with less effort. So, don’t miss this chance

Pick a paper writer you like most

At our essay writing help service, you will find a large pool of qualified essay writers ready to lend you a helping hand. What’s more, when you pay for essays with us, we give you an opportunity to select the author who suits your needs best.

Choosing your perfect expert is simple. You can browse specialists by their field of expertise and experience. You will also be able to see their bios, success rates, customer reviews, and overall ratings, so it’ll be much easier to make the right choice.In addition, you’ll be able to chat with professionals bidding on your order. This way, you can find out even more information about the person who’ll work on your paper.

Need extra help? Don’t worry! Our friendly support team is there for you 24/7. Just drop them a line saying, “I want to pay someone to write my paper,” and they will tell you how to order and pick the most suitable author.

Exceptional write my essay experience for you

We want every customer to have the best experience when they hire an online paper writer. The team of our paper writing service does everything possible to make every client’s experience with us positive. To make this real, we made the interface of our service extremely user-friendly. It is easy to navigate, so even new clients can quickly get used to it and place their "do my essay" orders without wasting too much of their precious time.

Apart from this, we keep our support team operating 24/7. This lets our customers ask their questions, receive prompt assistance with their issues, and place their “write a paper for me” orders at any time.

We provide guarantees of high quality, employ the best authors, and offer a wide range of other benefits. So, if you are looking to pay someone to write your essay, there is no better place to go than EssayPro!

What if I’m not 100% satisfied with my write my essay for me order?

Although dissatisfaction is nearly impossible with our professional essay writers, as we always strive for excellence, there might be additional adjustments that you might want to make in your paper. And it’s okay!

Sometimes, especially when your "write my paper" order is complex and comes with a broad set of requirements, there might be the need for extra edits. Our team is always open to this. Within 30 days after your order delivery, you can request unlimited amendments free of charge. So, if it turns out that the final draft of your paper doesn’t match your expectations completely, don’t hesitate to ask for corrections.

To request edits, you only need to contact the author who completed your paper and explain your concerns. Then, together with our expert QA team, the author will make all the necessary edits to ensure you’re 100% happy with the paper you ordered from our essay writing service online.

If it turns out that you are completely dissatisfied with the work, which is a rare case, there is always a possibility for a refund. If you pay for essay and are not happy with its quality, you can request a refund within 30 days after the order completion.

Do my essay perfectly!

Ready to get top-quality educational "write a paper for me" assistance? With EssayPro, you are in good hands! All you need to do is say, “please, write my paper for me,” and we will do everything possible to help you succeed!

To ensure that learners can delegate any type of assignment to us, we employ qualified paper writers from all fields of study. We can easily handle any order on business, literature, chemistry, marketing, etc.

Choosing your ideal essay writer online is also easy. We keep our experts’ profiles and ratings publicly visible. So, it never takes too long to find the right professional for your order.

Regardless of the type of help you need and the author you select, with our essay service, you can always expect the best results. All our experts are native English speakers from the US, UK, Canada, Australia, Ireland, and New Zealand. And each of them is capable of:

  • performing in-depth research and finding credible sources;
  • completing even the most complex assignments right on time;
  • meeting the client halfway;
  • keeping all customer’s requirements and comments in mind;
  • coping with any paper on the topic within their area of proficiency.

Get help from an online essay writer now

Want to request professional essay writer help and get it right this moment? We have you covered! Just reach out to us and say, “write my paper,” and we will do it for you, regardless of whether it’s due in a week or a day.

Here is how you can make the most of our essay writing service.

Create a Personal Account

To join EssayPro as a customer, simply provide us with your name and email address or phone number. Then, come up with a password for your account and verify your email.

Give Us Your Requirements

When your personal account is all set up, place your "do my essay" order right from your dashboard. It takes a few moments to fill out a form and tell us more about your assignment.

Assign a Suitable Author

Check out a database of our professionals and choose one based on their field of expertise, rating, success rate, and customer feedback. Or just drop a line, “I want to pay someone to write my essay,” to our customer support and let us find the right expert for you.

Communicate Your Last-Minute Requirements

Forgot to mention something important in your "write an essay for me" order? No problem! Use a direct chat feature to contact the chosen author and pass on any last-minute requirements that you have for your paper. Our experts will always keep in mind all the comments that you provide.

Stay in Touch

Keep in contact with the assigned expert through every stage of the order process. Use a direct chat feature to monitor the process, provide additional requirements, or ask your questions.

Get Your Flawless Paper

When the order is done, you will find a notification in your mailbox. You will be able to download the final draft and ensure that the author has adhered to all your instructions. If you are happy with the result, pay for your order. And if there is anything that needs to be fixed or changed, feel free to ask for amendments.

That’s how easily you can get help from us!

Get more done with an expert essay writer by your side

Are you completely snowed under with work? Struggling to handle competing daily, work and other responsibilities? You've come to the right place as we take your worries away. Make a write my paper request, and we make hundreds of qualified and experienced writers available to you. Pick a writer, give them all your requirements, and take the chance to catch up with your work or other duties, safe in the knowledge that you will get a guaranteed high-quality paper before your due date.

When you leave us your do my essay request, you are assured of 100% original work based on the requirements you provided to our essay writing service. Our writers can even match your writing style if needed. We put all our papers through the most commonly used originality software, which you can request the report on completion to confirm authentic work.

The choice is simple. Get an expert to do your paper writing and give yourself room to breathe. We never disclose any client information and allow you to operate with complete anonymity, so if you want to pay someone to write my essay, you can trust us completely. The final result is a great piece of writing that is affordable and will help you reach your career and life goals!

Essay writing service that protects your identity

Getting paper writing help is not a shameful practice, yet we understand the wish of our clients when it comes to keeping this secret. Therefore, respectfully, we have implemented encryption of the highest levels and only employ world-renewed payment gateways, so that both your identity and card information is in safe hands. Say "help write my essay" knowing, that you won't get exposed and that your data won't be sold to frisky third parties such as ad agencies or even universities. Hire essay writers and work with real pros, improve your academic performance, and have access to a unique set of bonuses.

The Pros and Cons of Writing Essays for Money

Considering writing essays for money? Consider these pros and cons before jumping into this popular freelance gig.

Essay writing jobs are popular among freelance writers. They have low barriers to entry, and you can quickly find dozens of gigs online.

Although accessible, you might feel skeptical about paid essays. They encourage cheating, after all. To help you reach an informed decision, let's discuss some pros and cons of writing essays for money.

The Pros of Writing Essays for Money

Freelance writers worldwide take on essay writing jobs because they’re simple and accessible.

1. Academic Writing Gigs Are Widely Available

Freelancers primarily accept essay writing jobs for their accessibility. They’re widely available. A quick search on Upwork already displays 1,000+ projects, and you’ll likely find more on other essay-writing platforms .

Searching Essay Writing Jobs on Upwork

Just search “academic writing” or “essay writing” on freelancing sites to get started. And make sure you contact multiple clients. They receive thousands of resumes regularly—your first few applications will likely get rejected.

Also, sign up as a Fiverr seller. While you might not receive as many orders initially, you’ll have some flexibility over setting your rates.

2. You Can Work on Essays Within Your Field of Expertise

Essay writing jobs comprise several niches. There are orders for personal essays, academic research papers, history reports, case studies, and business proposals, among other coursework. You’ll have no trouble finding ones that suit you.

While you might feel tempted to write about multiple topics, consider starting with just one or two fields. Orders often require 1,000+ words. You’ll spend too much time researching if you have minimal background knowledge of them.

Choose orders that align with your profession. For instance, economics reports suit finance professionals, while biology essays are perfect for healthcare workers.

3. Writers Can Make a Quick Buck With Paid Essays

It’s common for freelancers to struggle with client acquisition regardless of their tenure and skill. Even seasoned professionals experience a dry spell. Many spend weeks finding a lucrative gig that will replace their previous ones.

If you lose work and get strapped for cash, supplement your income with essay writing jobs. They don’t pay much. However, the extra money should help you get through these trying times.

Attract more freelance clients by utilizing your online network. Update your portfolio, contact hiring managers, and publish guest posts on reputable websites.

4. Essay Writing Gigs Are Often Open to Writers of All Levels

Writers of all levels can try writing essays for money. Even inexperienced freelancers and college students qualify for most of these gigs. They don’t even have to write that well yet. Clients just need assistance with their coursework, e.g., essays and theses.

Newbie writers should maximize these low barriers to entry. Try taking on as many essay writing jobs as possible to jumpstart your career. The freelance market is super competitive. You won’t win projects if you have zero experience.

5. Some Essay Mills Encourage Writers to Paraphrase Content

Essay writing jobs have become easier with the advancement of AI. Content mills now encourage their writers to rephrase articles that chatbots generate.

ChatGPT can generate large amounts of text quickly. The writer then needs to paraphrase the AI-generated text, a process that can vary in time depending on the complexity of the content.

ChatGPT Writing 500 Word Essay on Bees

Some clients might overlook it, but copy-pasting AI content classifies as plagiarism. Chatbots only pull information from their datasets. Instead, explore the responsible, ethical ways to use AI as a writer .

The Cons of Writing Essays for Money

Think twice before accepting essay writing jobs. Weigh the disadvantages first—they might not be worth your time.

1. Essay Mills Encourage Cheating

Students Cheating in Class Behind Teacher

Regardless of what content mills say, writing essays for money is unethical. It promotes cheating and commodifies plagiarized work. Entitled students may eventually think that corruption and bribery will help them achieve their goals.

The U.K. government even banned essay mills in 2022 . It’s a criminal offense to sell paid essays or facilitate these transactions. While writing essays for money might not be illegal in the U.S., no educational institution allows it. Students caught submitting paid essays will get sanctioned.

2. Writing Essays for Money Is Unsustainable

Essay writing jobs are unsustainable. Students will stop paying for essays once they find free alternatives, e.g., AI. Content mills only paraphrase AI-generated content, after all. And considering the accessibility of chatbots and paraphrasing tools, students can do that themselves.

Even if the industry survives, essay writing jobs offer no career progression. There’s nowhere else to go. You’ll only increase your income if you exploit the system yourself and start an essay mill.

3. Clients Care Little About Quality

Essay mills rarely teach writing skills. Let’s face it—students pay no attention to quality. They merely want their assignments done. So unlike legitimate publications and agencies, content mills solely focus on churning out thousands of words. You’ll have no reason to upskill.

While writing essays for money could offer some opportunity for practice, it's important to remember that high quality, engaging writing is usually valued more in other writing fields. These fields may also offer better opportunities for improving and honing your writing skills.

4. Essay Writers Make Very Little

Searching for Sellers of Essay Writing on Fiverr

Unfortunately, you can’t make a living writing essays. Although essay writing jobs are widely available, they pay terrible rates. There are Fiverr sellers offering 500-word pieces for just $5, and to make matters worse, content mills pay even less. Even if you write 5,000 words a day, you’ll only make around $20 to $50.

5. You Can’t Add Paid Essays to Your Portfolio

You can’t add paid essays to your writing portfolio. They already belong to the buyer. Essay mills even provide contracts stating writers should never upload or repurpose their content.

Either way, publications might not be interested in your experience writing essays. The practice is a freelancing gray area. Just write some new blogs and articles if you have no other samples.

Should You Write Essays for Money?

Writing paid essays is a quick way to make extra cash. With the prevalence and accessibility of essay mills, you could probably land your first gig within hours. Just note that writing essays for money is neither sustainable nor lucrative.

Please explore other freelancing opportunities as your writing career progresses. You’ll find plenty of high-paying projects on LinkedIn, Upwork, ProBlogger, Pitchwiz, and even Facebook. Broaden your options.

Things you buy through our links may earn Vox Media a commission

The Day I Put $50,000 in a Shoe Box and Handed It to a Stranger

I never thought i was the kind of person to fall for a scam..

Portrait of Charlotte Cowles

On a Tuesday evening this past October, I put $50,000 in cash in a shoe box, taped it shut as instructed, and carried it to the sidewalk in front of my apartment, my phone clasped to my ear. “Don’t let anyone hurt me,” I told the man on the line, feeling pathetic.

“You won’t be hurt,” he answered. “Just keep doing exactly as I say.”

Three minutes later, a white Mercedes SUV pulled up to the curb. “The back window will open,” said the man on the phone. “Do not look at the driver or talk to him. Put the box through the window, say ‘thank you,’ and go back inside.”

The man on the phone knew my home address, my Social Security number, the names of my family members, and that my 2-year-old son was playing in our living room. He told me my home was being watched, my laptop had been hacked, and we were in imminent danger. “I can help you, but only if you cooperate,” he said. His first orders: I could not tell anyone about our conversation, not even my spouse, or talk to the police or a lawyer.

Now I know this was all a scam — a cruel and violating one but painfully obvious in retrospect. Here’s what I can’t figure out: Why didn’t I just hang up and call 911? Why didn’t I text my husband, or my brother (a lawyer), or my best friend (also a lawyer), or my parents, or one of the many other people who would have helped me? Why did I hand over all that money — the contents of my savings account, strictly for emergencies — without a bigger fight?

Spring Fashion Issue

We want moore.

package-table-of-contents-photo

When I’ve told people this story, most of them say the same thing: You don’t seem like the type of person this would happen to. What they mean is that I’m not senile, or hysterical, or a rube. But these stereotypes are actually false. Younger adults — Gen Z, millennials, and Gen X — are 34 percent more likely to report losing money to fraud compared with those over 60, according to a recent report from the Federal Trade Commission. Another study found that well-educated people or those with good jobs were just as vulnerable to scams as everyone else.

Still, how could I have been such easy prey? Scam victims tend to be single, lonely, and economically insecure with low financial literacy. I am none of those things. I’m closer to the opposite. I’m a journalist who had a weekly column in the “Business” section of the New York Times. I’ve written a personal-finance column for this magazine for the past seven years. I interview money experts all the time and take their advice seriously. I’m married and talk to my friends, family, and colleagues every day.

And while this is harder to quantify — how do I even put it? — I’m not someone who loses her head. My mother-in-law has described me as even-keeled; my own mom has called me “maddeningly rational.” I am listed as an emergency contact for several friends — and their kids. I vote, floss, cook, and exercise. In other words, I’m not a person who panics under pressure and falls for a conspiracy involving drug smuggling, money laundering, and CIA officers at my door. Until, suddenly, I was.

That morning — it was October 31 — I dressed my toddler in a pizza costume for Halloween and kissed him good-bye before school. I wrote some work emails. At about 12:30 p.m., my phone buzzed. The caller ID said it was Amazon. I answered. A polite woman with a vague accent told me she was calling from Amazon customer service to check some unusual activity on my account. The call was being recorded for quality assurance. Had I recently spent $8,000 on MacBooks and iPads?

I had not. I checked my Amazon account. My order history showed diapers and groceries, no iPads. The woman, who said her name was Krista, told me the purchases had been made under my business account. “I don’t have a business account,” I said. “Hmm,” she said. “Our system shows that you have two.”

Krista and I concurred that I was the victim of identity theft, and she said she would flag the fraudulent accounts and freeze their activity. She provided me with a case-ID number for future reference and recommended that I check my credit cards. I did, and everything looked normal. I thanked her for her help.

Then Krista explained that Amazon had been having a lot of problems with identity theft and false accounts lately. It had become so pervasive that the company was working with a liaison at the Federal Trade Commission and was referring defrauded customers to him. Could she connect me?

“Um, sure?” I said.

Krista transferred the call to a man who identified himself as Calvin Mitchell. He said he was an investigator with the FTC, gave me his badge number, and had me write down his direct phone line in case I needed to contact him again. He also told me our call was being recorded. He asked me to verify the spelling of my name. Then he read me the last four digits of my Social Security number, my home address, and my date of birth to confirm that they were correct. The fact that he had my Social Security number threw me. I was getting nervous.

“I’m glad we’re speaking,” said Calvin. “Your personal information is linked to a case that we’ve been working on for a while now, and it’s quite serious.”

He told me that 22 bank accounts, nine vehicles, and four properties were registered to my name. The bank accounts had wired more than $3 million overseas, mostly to Jamaica and Iraq. Did I know anything about this? “No,” I said. Did I know someone named Stella Suk-Yee Kwong? “I don’t think so,” I said. He texted me a photo of her ID, which he claimed had been found in a car rented under my name that was abandoned on the southern border of Texas with blood and drugs in the trunk. A home in New Mexico affiliated with the car rental had subsequently been raided, he added, and authorities found more drugs, cash, and bank statements registered to my name and Social Security number. He texted me a drug-bust photo of bags of pills and money stacked on a table. He told me that there were warrants out for my arrest in Maryland and Texas and that I was being charged with cybercrimes, money laundering, and drug trafficking.

My head swam. I Googled my name along with “warrant” and “money laundering,” but nothing came up. Were arrest warrants public? I wasn’t sure. Google led me to truthfinder.com, which asked for my credit-card information — nope. “I’m in deep shit,” I texted my husband. “My identity was stolen and it seems really bad.”

Calvin wanted to know if I knew anyone who might be the culprit or if I had any connections to Iraq or Jamaica. “No,” I said. “This is the first I’m hearing about any of this, and it’s a lot to take in.” He asked if I had ever used public or unsecured Wi-Fi. “I don’t know. Maybe?” I said. “I used the airport Wi-Fi recently.”

“Ah,” he said. “That’s unfortunate. It’s how many of these breaches start.” I was embarrassed, like I’d left my fly unzipped. How could I have been so thoughtless? But also — didn’t everyone use the airport Wi-Fi?

Calvin told me to listen carefully. “The first thing you must do is not tell anyone what is going on. Everyone around you is a suspect.”

I almost laughed. I told him I was quite sure that my husband, who works for an affordable-housing nonprofit and makes meticulous spreadsheets for our child-care expenses, was not a secret drug smuggler. “I believe you, but even so, your communications are probably under surveillance,” Calvin said. “You cannot talk to him about this.” I quickly deleted the text messages I had sent my husband a few minutes earlier. “These are sophisticated criminals with a lot of money at stake,” he continued. “You should assume you are in danger and being watched. You cannot take any chances.”

I felt suspended between two worlds — the one I knew and the one this man was describing. If I had nothing to do with any of these allegations, how much could they truly affect me? I thought of an old This American Life episode about a woman whose Social Security card was stolen. No matter how many times she closed her bank accounts and opened new ones, her identity thief kept draining them, destroying her credit and her sanity. (It turned out to be her boyfriend.) I remembered another story about a man who got stuck on a no-fly list after his personal information was used by a terrorist group. It dawned on me that being connected to major federal offenses, even falsely, could really fuck up my life.

Calvin wanted to know how much money I currently had in my bank accounts. I told him that I had two — checking and savings — with a combined balance of a little over $80,000. As a freelancer in a volatile industry, I keep a sizable emergency fund, and I also set aside cash to pay my taxes at the end of the year, since they aren’t withheld from my paychecks.

His voice took on a more urgent tone. “You must have worked very hard to save all that money,” he said. “Do not share your bank-account information with anyone. I am going to help you keep your money safe.” He said that he would transfer me to his colleague at the CIA who was the lead investigator on my case and gave me a nine-digit case number for my records. (I Googled the number. Nothing.) He said the CIA agent would tell me what to do next, and he wished me luck.

essay on paper money

If it was a scam , I couldn’t see the angle. It had occurred to me that the whole story might be made up or an elaborate mistake. But no one had asked me for money or told me to buy crypto; they’d only encouraged me not to share my banking information. They hadn’t asked for my personal details; they already knew them. I hadn’t been told to click on anything.

Still, I had not seen a shred of evidence. I checked my bank accounts, credit cards, and credit score; nothing looked out of the ordinary. I knew I should probably talk to a lawyer or maybe call the police, though I was doubtful that they would help. What was I going to say — “My identity was stolen, and I think I’m somehow in danger”? I had no proof. I was also annoyed that my workday had been hijacked. It was 2 p.m., and I had already pushed back one deadline and postponed two work calls. I had to get myself out of this.

The next man who got on the line had a deeper voice and a slight British accent flecked with something I couldn’t identify. He told me his name was Michael Sarano and that he worked for the CIA on cases involving the FTC. He gave me his badge number. “I’m going to need more than that,” I said. “I have no reason to believe that any of what you’re saying is real.”

“I completely understand,” he said calmly. He told me to go to the FTC home page and look up the main phone number. “Now hang up the phone, and I will call you from that number right now.” I did as he said. The FTC number flashed on my screen, and I picked up. “How do I know you’re not just spoofing this?” I asked.

“It’s a government number,” he said, almost indignant. “It cannot be spoofed.” I wasn’t sure if this was true and tried Googling it, but Michael was already onto his next point. He told me the call was being recorded, so I put him on speaker and began recording on my end, too. He wanted to know if I had told anyone what was going on.

I admitted that I had texted my husband. “You must reassure him that everything is fine,” Michael said. “In many cases like this, we have to investigate the spouse as well, and the less he knows, the less he is implicated. From now on, you have to follow protocol if you want us to help you.”

“I don’t think I should lie to my husband,” I said, feeling stupid.

“You are being investigated for major federal crimes,” he said. “By keeping your husband out of this, you are protecting him.” He then repeated the point Calvin had made about my phone and computer being hacked and monitored by the criminals who had stolen my identity.

By that point, my husband had sent me a series of concerned texts. “Don’t worry. It will be okay,” I wrote back. It felt gross to imagine a third party reading along.

Michael snowed me with the same stories Calvin had. They were consistent: the car on the Texas border, the property in New Mexico, the drugs, the bank accounts. He asked if I shared my residence with anyone besides my husband and son. Then he asked more questions about my family members, including my parents, my brother, and my sister-in-law. He knew their names and where they lived. I told him they had nothing to do with this. In fact, I was now sure I wanted to consult a lawyer.

“If you talk to an attorney, I cannot help you anymore,” Michael said sternly. “You will be considered noncooperative. Your home will be raided, and your assets will be seized. You may be arrested. It’s your choice.” This seemed ludicrous. I pictured officers tramping in, taking my laptop, going through our bookshelves, questioning our neighbors, scaring my son. It was a nonstarter.

“Can I just come to your office and sort this out in person?” I said. “It’s getting late, and I need to take my son trick-or-treating soon.”

“My office is in Langley,” he said. “We don’t have enough time. We need to act immediately. I’m going to talk you through the process. It’s going to sound crazy, but we must follow protocol if we’re going to catch the people behind this.”

He explained that the CIA would need to freeze all the assets in my name, including my actual bank accounts. In the eyes of the law, there was no difference between the “real” and the fraudulent ones, he said. They would also deactivate my compromised Social Security number and get me a new one. Then, by monitoring any activity under my old Social Security number and accounts, they would catch the criminals who were using my identity and I would get my life back. But until then, I would need to use only cash for my day-to-day expenses.

It was far-fetched. Ridiculous. But also not completely out of the realm of possibility. “Do I have any other options?” I asked.

“Unfortunately, no,” he said. “You must follow my directions very carefully. We do not have much time.”

He asked me how much cash I thought I would need to support myself for a year if necessary. My assets could be frozen for up to two years if the investigation dragged on, he added. There could be a trial; I might need to testify. These things take time. “I don’t know, $50,000?” I said. I wondered how I would receive paychecks without a bank account. Would I have to take time off from work? I did some mental calculations of how much my husband could float us and for how long.

“Okay,” he said. “You need to go to the bank and get that cash out now. You cannot tell them what it is for. In one of my last cases, the identity thief was someone who worked at the bank.”

Michael told me to keep the phone on speaker so we would remain in contact. “It’s important that I monitor where this money goes from now on. Remember, all of your assets are part of this investigation,” he said. Then he told me that one of his colleagues would meet me at my apartment at 5 p.m. to guide me through the next steps.

“You can’t send a complete stranger to my home,” I said, my voice rising. “My 2-year-old son will be here.”

“Let me worry about that,” he said. “It’s my job. But if you don’t cooperate, I cannot keep you safe. It is your choice.”

It’s impossible to explain why I accepted this logic. But I had been given marching orders and a deadline. My son would be home soon, and I had to fix this mess. I put on sneakers in case I needed to run. I brought a backpack for the cash. I felt both terrified and absurd.

It was jarring to see trick-or-treaters in my Brooklyn neighborhood, people going about their lives. The air was crisp, and dead leaves swirled on the ground. I was on high alert for anyone who might be following me. At one point, a man in sunglasses and a hoodie trailed me for a few blocks. At Michael’s suggestion, I ducked into a parking garage until he passed.

When I reached the bank, I told the guard I needed to make a large cash withdrawal and she sent me upstairs. Michael was on speakerphone in my pocket. I asked the teller for $50,000. The woman behind the thick glass window raised her eyebrows, disappeared into a back room, came back with a large metal box of $100 bills, and counted them out with a machine. Then she pushed the stacks of bills through the slot along with a sheet of paper warning me against scams. I thanked her and left.

Michael was bursting with praise. “You did a great job,” he said. “I have to go for a moment to see about the details of your case; I’m going to have you speak to my colleague if you have any questions.” He put a woman on the line. She was younger, with an accent I couldn’t identify. She told me to go home and await further instructions.

As I walked back to my apartment, something jolted me out of my trance, and I became furious. No government agency would establish this as “protocol.” It was preposterous. “I need to speak with Michael,” I told the woman on the phone. He got on right away. “I don’t even believe that you’re a CIA agent,” I said. “What you’re asking me to do is completely unreasonable.”

He sighed. “I’m sending you a photo of my badge right now,” he said. “I don’t know what else to tell you. You can trust me, and I will help you. Or you can hang up and put yourself and your family in danger. Do you really want to take that risk with a young child?”

My Two Cents

How to protect yourself against scams, what charlotte cowles wishes she’d known..

I waited for a stoplight at a busy intersection. I could see my apartment window from where I stood. My son was playing inside with a neighbor’s daughter and their nanny. A picture of Michael’s badge appeared on my phone. I had no way of verifying it; it could easily have been Photoshopped. “I don’t trust you at all,” I said to Michael. “But it doesn’t seem like I have any other choice.”

When I got home, Michael told me to get a box, put the cash in it, take a picture of it, then tape it shut. I found a floral-printed shoe box that had once contained a pair of slippers I’d bought for myself — a frivolous purchase that now seemed mortifying. Michael told me to label it with my name, my case number, my address, a locker number he read to me, and my signature. Then he directed me to take another picture of the labeled box and text it to him.

“My colleague will be there soon. He is an undercover CIA agent, and he will secure the money for you,” he said. What exactly would that entail? I asked. “Tonight, we will close down your Social Security number, and you will lose access to your bank accounts,” he explained. “Tomorrow, you’ll need to go to the Social Security office and get a new Social Security number. We’ll secure this money for you in a government locker and hand-deliver a Treasury check for the same amount. You can cash the check and use it for your expenses until the investigation is over.”

“Why can’t I just use this cash?” I asked. “Why do you have to take it and give me a check?”

“Because all of your assets under your current identity are part of the investigation,” he said. “You are being charged with money laundering. If we secure this cash and then issue you a government check under your new Social Security number, that will be considered clean money.”

“I’ll need to see your colleague’s badge,” I said. “I’m not just going to give $50,000 of my money to someone I don’t know.”

“Undercover agents don’t carry badges,” he said, as if I’d asked the CIA to bring me a Happy Meal. “They’re undercover. Remember, you are probably being watched. The criminals cannot know that a CIA agent is there.”

In a twisted way, this made some amount of sense to me. Or maybe I had lost my grip on reality so completely that I was willing to resign myself to this new version of it. Most important, I didn’t know what else to do. Even if Michael wasn’t working for the CIA (which struck me as more and more likely), he was sending a man to our address. I felt a sickening dread that he might ask to come inside. If giving him this money would make him go away, I was ready to do it. I’d been on the phone for nearly five hours. I wanted to take my son trick-or-treating. I was exhausted.

Michael seemed to sense that I was flagging and asked if I’d had lunch. I hadn’t. He told me to eat something but keep him on the line; his agent was on the way to my address but running late. “You can meet him outside if that would make you more comfortable,” Michael said, and I felt relieved. While I gnawed on a granola bar at my desk, he got chatty and asked about my job. I told him I was going to Washington, D.C., later that week. “Oh, great. You could come to my office in Langley,” he said. “Where are you staying?”

A little after 6 p.m., Michael told me to go downstairs. His colleague was arriving. My husband had just come home from work and was reading to our son. “What’s going on? Is everything okay?” he asked as I put my coat on. I motioned to the phone and shushed him. Then I whispered, “I have to go downstairs and meet a guy who’s helping with the identity-theft case. I’ll explain more later.” He frowned and silently mouthed, “What?” I told him I had to go.

I met the SUV at the curb and put the money in the back seat. It was 6:06 p.m. Even if I’d tried to see who was driving, the windows were tinted and it was dusk. He maybe wore a baseball cap. When I turned around, I could see the backlit faces of my husband and son watching from our apartment nine stories above.

As I walked back inside, Michael texted me a photo of a Treasury check made out to me for $50,000 and told me a hard copy would be hand-delivered to me in the morning. He was working on setting up my appointment with the Social Security office. “You will receive a confirmation text shortly,” he said. “Stay on the line until you do.” I felt oddly comforted by this. An appointment would give me something legitimate, an actual connection to a government agency.

I took my son trick-or-treating, my phone on speaker in my pocket. I felt numb, almost in a fugue state, smiling and chatting with my neighbors and their kids. At one point, I checked to see if Michael was still there; his female colleague answered and said he’d be back soon. Then, when we got home and I checked again, the line was dead. I panicked and called back. The woman answered. “Michael is busy,” she said. “He’ll call you in the morning.”

I was confused. Did this mean I didn’t have a Social Security number at all anymore? I pictured myself floating, identity-less. “Do I have an appointment at the Social Security office?” I asked.

“Michael will call you tomorrow,” she repeated. “He hasn’t been able to secure your appointment yet. The Social Security office is closed now.”

I went into my bedroom and shut the door, feeling my face grow hot. I had a physical sensation of scales falling from my eyes; the room shimmered around me, spots raining from the ceiling. I saw the whole day peel away, like the layers of an onion — Michael, the FTC officer, the Amazon call — revealing my real life, raw and exposed, at the center. “Oh my God,” I said, my hands tingling. “You are lying to me. Michael was lying. You just took my money and I’m never getting it back.” That wasn’t true, the woman said. She understood that I was upset. She was sorry. Everything would be fine. “You’re a fucking liar,” I hissed, and hung up.

Through choking sobs, I told my husband what had happened. “Why didn’t you tell me?” he asked, incredulous. “I would have stopped you.” That I’d been trying to protect him suddenly seemed so idiotic I couldn’t even say it out loud. Our son looked on, confused. “Mama’s sad,” he announced, clinging to my leg. We put him to bed and then I called my parents and my brother. At their urging, I called 911. Around 10:30 p.m., three police officers came over and took my statement. I struggled to recount what I’d done; it seemed like a bad dream. I felt like a fool.

“No government agency will ever ask you for money,” one cop informed me, as if I’d never heard it before. I wanted to scream, “I know. ” Instead, I said, “It didn’t really feel like he was asking.”

The police told me not to worry; the scammers wouldn’t be back. “They got what they wanted,” another officer said, as though it would reassure me. I gave them the photos and recordings I had. They promised to check traffic cameras for the car that had taken the money.

When I woke up the next morning, a few seconds passed before I remembered the previous day. I was my old self, in my old bed, milky dawn light on the walls. Then it all came crashing back, a fresh humiliation, and I curled into the fetal position. I felt violated, unreliable; I couldn’t trust myself. Were my tendencies toward people-pleasing, rule following, and conflict aversion far worse than I’d ever thought, even pathological? I imagined other people’s reactions. She’s always been a little careless. She seems unhinged. I considered keeping the whole thing a secret. I worried it would harm my professional reputation. I still do.

In the days that followed, I kept revisiting the fake world of that afternoon, slipping through a portal into an alternate life. I would get paranoid that someone was reading my texts, watching me as I took my son to school, or using my Social Security number to wire money and rent cars. It was a relief that I wasn’t actually in trouble with the law, but then again — I’d lost $50,000 and I wasn’t getting it back. I checked my accounts and credit cards obsessively. I called my bank. They gave me instructions to freeze my credit, file reports with the FBI and FTC, and run anti-virus software on my laptop to check for malware, which I did. I cried a lot. My husband felt helpless; he still doesn’t like to talk about it. Instead, he researched new locks for our doors and looked into security cameras. One night I shook him awake, convinced that someone was trying to break in. “It’s only the wind,” he said. “We’re safe.”

Fifty thousand dollars is a lot of money. It took me years to save, stashing away a few thousand every time I got paid for a big project. Part of it was money I had received from my grandfather, an inheritance he took great pains to set up for his grandchildren before his death. Sometimes I imagine how I would have spent it if I had to get rid of it in a day. I could have paid for over a year’s worth of child care up front. I could have put it toward the master’s degree I’ve always wanted. I could have housed multiple families for months. Perhaps, inadvertently, I am; I occasionally wonder what the scammers did with it.

Because I had set it aside for emergencies and taxes, it was money I tried to pretend I didn’t have — it wasn’t for spending. Initially, I was afraid that I wouldn’t be able to afford my taxes this year, but then my accountant told me I could write off losses due to theft. So from a financial standpoint, I’ll survive, as long as I don’t have another emergency — a real one — anytime soon.

When I did tell friends what had happened, it seemed like everyone had a horror story. One friend’s dad, a criminal-defense attorney, had been scammed out of $1.2 million. Another person I know, a real-estate developer, was duped into wiring $450,000 to someone posing as one of his contractors. Someone else knew a Wall Street executive who had been conned into draining her 401(k) by some guy she met at a bar.

I felt a guilty sense of consolation whenever I heard about a scam involving someone I respected. If this could happen to them, maybe I wasn’t such a moron. As a journalist, it’s my instinct to research and talk to experts, so I dove into books and podcasts about scams, desperate to make sense of my own. I had known that fraud was on the rise but was shocked to learn the numbers — financial losses ballooned by more than 30 percent in 2022. I read that self-laceration is typical; half of victims blame themselves for being gullible, and most experience serious anxiety, depression, or other stress-related health problems afterward. I heard about victim support groups. I went to therapy.

When I discovered that Katie Gatti Tassin, a personal-finance expert who writes the popular Money With Katie newsletter, lost $8,000 five years ago to a grandmotherly-sounding woman pretending to call from Tassin’s credit union, I called her to ask how she’d coped. “Everyone was so patronizing,” she told me. “The response was basically ‘It’s your fault that this happened.’”

If I had to pinpoint a moment that made me think my scammers were legitimate, it was probably when they read me my Social Security number. Now I know that all kinds of personal information — your email address, your kids’ names and birthdays, even your pets’ names — are commonly sold on the dark web. Of course, the scammers could also have learned about my son from a 30-second perusal of my Instagram feed.

It was my brother, the lawyer, who pointed out that what I had experienced sounded a lot like a coerced confession. “I read enough transcripts of bad interrogations in law school to understand that anyone can be convinced that they have a very narrow set of terrible options,” he said. When I posed this theory to Saul Kassin, a psychology professor at John Jay College of Criminal Justice who studies coerced confessions, he agreed. “If someone is trying to get you to be compliant, they do it incrementally, in a series of small steps that take you farther and farther from what you know to be true,” he said. “It’s not about breaking the will. They were altering the sense of reality.” And when you haven’t done anything wrong, the risk of cooperating feels minimal, he added. An innocent person thinks everything will get sorted out. It also mattered that I was kept on the phone for so long. People start to break down cognitively after a few hours of interrogation. “At that point, they’re not thinking straight. They feel the need to put an end to the situation at all costs,” Kassin said.

I wondered how often scammers are caught and about the guy who’d driven the car to my apartment. But when I asked experts, they doubted he’d be a meaningful lead. One pointed out that he might have been a courier who was told to come pick up a box.

I still don’t believe that what happened to me could happen to anyone, but I’m starting to realize that I’m not uniquely fallible. Several friends felt strongly that if the scammers hadn’t mentioned my son, I would never have fallen for this. They’re right that I’d be willing to do — or pay — anything to protect him. Either way, I have to accept that someone waged psychological warfare on me, and I lost. For now, I just don’t answer my phone.

More From the spring 2024 fashion issue

  • Bring Back These ’00s Trends
  • Packing for Paris With Alex Consani
  • Where New York City Tweens Actually Like to Shop  
  • remove interruptions
  • newsletter pick
  • spring fashion
  • spring 2024 fashion issue
  • best of the cut
  • new york magazine
  • personal finance
  • first person
  • audio article

The Cut Shop

Most viewed stories.

  • The Mom Who Left Her Husband at 20 Weeks Pregnant
  • Fani Willis Didn’t Stand a Chance
  • Ask Polly: My Friend Lost Weight and Now I Want Him. Am I Shallow?
  • How I Got Scammed Out of $50,000  
  • An Extremely Thorough Guide to ‘Who TF Did I Marry’

Editor’s Picks

essay on paper money

Most Popular

What is your email.

This email will be used to sign into all New York sites. By submitting your email, you agree to our Terms and Privacy Policy and to receive email correspondence from us.

Sign In To Continue Reading

Create your free account.

Password must be at least 8 characters and contain:

  • Lower case letters (a-z)
  • Upper case letters (A-Z)
  • Numbers (0-9)
  • Special Characters (!@#$%^&*)

As part of your account, you’ll receive occasional updates and offers from New York , which you can opt out of anytime.

New York Tech

Top 5 Essay Writing Services: Help with Your College Papers

T his article comprehensively compares the top five essay writing services, highlighting their unique features and pricing structures.

  • 99papers.com 🌟 (4.9/5) delivers exceptional writing services at budget-friendly prices.
  • EssayBox.org 🌟 (4.9/5) stands out for its dependable, prompt delivery of high-quality work.
  • BookWormLab.com 🌟 (4.8/5) specializes in creating intricate academic essays with expertise.
  • EssayFactory.uk 🌟 (4.8/5) offers essays uniquely customized to meet UK academic standards.
  • Essays.io 🌟 (4.7/5) features free academic papers catering to diverse needs.

In recent years, the advent of online essay writing services has marked a significant shift in how students and professionals approach their writing needs. These services offer a convenient solution for those seeking assistance with academic papers, business documents, and various forms of written content. This article delves into an overview of the top five essay writing services that have gained prominence due to their quality, reliability, and range of offerings. We will review 99papers.com, EssayBox.org, BookWormLab.com, EssayFactory.uk, and Essays.io, each known for their unique features and service standards.

99papers.com Review

Reviewed by: James I. Rose

Website Link: 99papers.com

Ratings : 4.9/5

Prices : from $12.46

Promo Codes : k6nh3b (10% Discount on the first order)

99papers.com is generally rated highly across various review platforms. Customers often commend it for its quality of writing and customer service. The average rating hovers around 4.9 out of 5, reflecting solid customer satisfaction.

The pricing structure at 99papers.com is competitive and caters to a wide range of budgets. Prices vary depending on the type of paper, academic level, number of pages, and deadline urgency. Their website has a transparent pricing model, allowing customers to get an instant quote based on their specific requirements.

Promo Codes

99papers.com periodically offers promo codes and discounts, especially for first-time users or during certain seasons. These promotions can significantly reduce the cost of services, making them more accessible to a broader audience.

Pros & Cons

  • High-quality writing standards.
  • A diverse range of services, including essays, research papers, and thesis writing.
  • Responsive customer support is available 24/7.
  • User-friendly website with easy navigation.
  • Flexible deadlines with the option for urgent orders.
  • Prices might be slightly higher than some competitors, especially for urgent deadlines.
  • Limited availability of writers in certain niche subjects.
  • Occasional inconsistency in writing style, depending on the writer assigned.

EssayBox.org Review

Reviewed by: Teresa E. Wallace

Website Link: EssayBox.org

Prices : $12.95

Promo Codes : cyt89rfd (10% Discount on the first order)

EssayBox.org has garnered a reputable standing in the realm of essay writing services. With an average rating of around 4.9 out of 5, it is praised for its consistent quality and reliability. Customers frequently highlight the service's adherence to deadlines and the professionalism of its writers.

EssayBox.org offers a tiered pricing system based on the paper's academic level, the assignment's complexity, and the deadline's urgency. The service is recognized for being moderately priced, offering a balance between cost and quality. Detailed pricing information is available on their website, providing transparency and allowing customers to make informed decisions.

The service regularly features various promotional offers and discounts, especially beneficial for first-time customers and large orders. These discounts are often seasonal and can be found on their website or through subscribing to their newsletter.

  • High-quality and well-researched papers.
  • A broad spectrum of writing services covering various subjects and academic levels.
  • Reliable customer support with quick response times.
  • User-friendly interface and easy order process.
  • Commitment to meeting deadlines, including urgent orders.
  • Prices can be on the higher side compared to some other services, particularly for urgent deadlines.
  • There are limited options for revisions in some cases.
  • There are fewer free features than some competitors, which could add to the overall cost.

BookWormLab.com Review

Reviewed by: Richard G. Morgan

Website Link: BookWormLab.com

Ratings : 4.7/5

Prices : $14.59

Promo Codes : u9tgdm (10% Discount on the first order)

BookWormLab.com has earned a commendable reputation for its specialized and personalized approach to essay writing. With an average rating of 4.7 out of 5, it is often recognized for its customer-centric services and attention to detail. Reviews frequently highlight the quality of research and originality of the content provided by their writers.

The pricing at BookWormLab.com varies depending on the type of assignment, academic level, number of pages, and deadline urgency. Their pricing model is known for being transparent and fair, providing good value for the level of personalized service offered. The website features a pricing calculator, giving customers a precise estimate before placing an order.

BookWormLab.com offers various promotional discounts for new customers and larger or repeat orders. These promo codes can be accessed through their website or by signing up for their email notifications.

  • High-quality, custom-written papers with a strong emphasis on research.
  • Wide range of services, including niche and specialized subjects.
  • Excellent customer service with personalized attention.
  • Clear and straightforward ordering process.
  • Strong commitment to meeting deadlines and accommodating urgent requests.
  • Pricing can be slightly higher than average, reflecting the personalized service.
  • Limited availability of writers for very specialized or uncommon topics.
  • Some users may need more options for budget-friendly services.

EssayFactory.uk Review

Reviewed by: Margaret D. Howard

Website Link: EssayFactory.uk

EssayFactory.uk stands out mainly for its focus on UK-based academic writing standards. It holds an impressive average rating of 4.7 out of 5, with many customers praising its adherence to UK educational norms and writing styles. The service is frequently commended for its exceptional English language proficiency and understanding of UK-specific academic requirements.

The pricing structure of EssayFactory.uk is tailored to a range of academic needs and budgets. Costs vary based on the type of paper, educational level, number of words, and deadline. They are known for being transparent about their pricing, providing customers with a clear understanding of what they are paying for. The website features an easy-to-use price calculator for instant quotes.

Promo Codes: EssayFactory.uk offers various promotional codes and discounts, particularly for first-time users or during specific periods like the start of a new academic year. Regular customers can also benefit from loyalty discounts. These promotional offers can be found on their website or through a subscription to their email list.

  • Specialization in UK academic standards and formats.
  • High-quality, well-researched papers with attention to detail.
  • Reliable customer service with a focus on client satisfaction.
  • Timely delivery, even for tight deadlines.
  • User-friendly website with an efficient ordering process.
  • Pricing may be higher than other international services, especially for urgent deadlines.
  • Limited services for non-UK academic styles.
  • Some users may find the options for subject areas more limited than global competitors.

Essays.io Review

Reviewed by: Nancy J. Matthews

Website Link: Essays.io

Ratings : 4.5/5

Prices : $11.31

Promo Codes : custom10 (10% Discount on the first order)

Essays.io has established itself as a versatile and reliable essay-writing service with a global client base. It boasts an average rating of around 4.5 out of 5, earning praise for its wide range of services and user-friendly platform. Customers often commend its ability to handle diverse writing tasks, from standard essays to complex research papers.

The pricing model at Essays.io is designed to accommodate various budgets and academic levels. Prices depend on factors like the type of paper, educational level, number of pages, and deadline. Their competitive pricing makes it a preferred choice for students and professionals alike. The website features a pricing calculator, allowing immediate and transparent price estimations.

Essays.io regularly offers promotional codes and discounts, appealing to students and first-time users. These discounts can make their services more accessible and budget-friendly. Information about ongoing promotions can typically be found on their website or through a subscription to their newsletter.

  • A broad spectrum of writing services catering to various academic and professional needs.
  • Competitive pricing, offering good value for the quality of services provided.
  • Timely delivery of services, including options for urgent deadlines.
  • Responsive and helpful customer support.
  • Variation in writing quality depends on the specific writer assigned to the project.
  • Additional charges for top-tier writers or advanced service options.
  • Some users have reported a need for revisions to meet specific academic standards.

Comparative Analysis of the Top 5 Essay Writing Services

  • Quality of Writing :
  • 99papers.com and EssayBox.org are highly rated for their quality. They are ideal for those prioritizing top-notch research and writing skills.
  • BookWormLab .com excels in customized and research-intensive papers, making it suitable for specialized or niche topics.
  • EssayFactory.uk is the go-to for those needing UK-specific academic writing.
  • Essays.io offers a broad spectrum of services with a good balance of quality and versatility.
  • Pricing Structure :
  • Essays.io and 99papers.com are competitive, appealing to a wide range of budgets.
  • EssayBox.org and EssayFactory.uk are slightly higher priced, reflecting their specialized services and adherence to specific academic norms.
  • BookWormLab.com also leans towards the higher end, justified by its personalized approach and high-quality output.
  • Promotional Offers :
  • All services offer various promotions, with 99papers.com and Essays.io frequently providing substantial discounts, making them more accessible for budget-conscious users.
  • BookWormLab.com , EssayBox.org , and EssayFactory.uk offer seasonal and first-time user discounts.
  • Turnaround Time :
  • EssayBox.org and 99papers.com are known for their quick turnaround, which is suitable for urgent deadlines.
  • EssayFactory.uk also handles tight deadlines efficiently, especially for UK-based assignments.
  • BookWormLab.com and Essays.io , while reliable, might be better suited for projects where turnaround time is less critical.
  • Customer Service and User Experience :
  • BookWormLab.com and EssayFactory.uk stand out for their excellent customer service and personalized attention.
  • 99papers.com , EssayBox.org , and Essays.io provide a user-friendly experience with responsive support, though with varying degrees of personalization.

Best Service for Specific Needs:

  • Budget-Friendly : Essays.io and 99papers.com.
  • Quick Turnaround : EssayBox.org and 99papers.com.
  • High-Quality and Specialized Needs : BookWormLab.com and EssayFactory.uk for UK-specific needs.
  • Overall Versatility : Essays.io for a wide range of services.

This comparison underscores that while each service has its strengths, the best choice depends on the specific requirements and priorities of the user, be it budget, quality, specialization, or urgency.

In summary, each of the top five essay writing services - 99papers.com, EssayBox.org, BookWormLab.com, EssayFactory.uk, and Essays.io - offers unique strengths and caters to different needs. 99papers.com and EssayBox.org are notable for their quality and quick turnaround, making them ideal for urgent and high-standard requirements. BookWormLab.com excels in providing customized, research-intensive work, while EssayFactory.uk is the go-to for those seeking UK-specific academic writing. Essays.io offers versatility and competitive pricing suitable for various needs and budgets.

This article comprehensively compares the top five essay writing services, highlighting their unique features and pricin

  • Share full article

Advertisement

Supported by

Did You Keep a Money Secret, and Have a Happy Outcome? Tell Us About It.

If you or someone you love hid a financial matter that ended well, The Times would like to hear from you.

By The New York Times

It’s not unusual to hear tales of people keeping family members or friends in the dark about aspects of their finances — debt from credit cards or gambling losses, for example — and how those issues caused problems in a relationship or within a family.

Sometimes, though, there are good money secrets, some of which had positive outcomes — like a grandmother who silently stashed extra money in a retirement account that helped pay expenses in her later years. Or unmentioned savings that enabled someone to leave an inheritance that helped family members. We would like to hear those stories.

We read all questionnaire submissions and may write stories inspired by them. We won’t publish anything from your submission without talking to you first. We won’t share your contact information outside the New York Times newsroom, and won’t use it for any purpose beyond reaching back out to you.

Tell us your money secrets.

A guide to making better financial moves, making sense of your finances can be complicated. the tips below can help..

Whether you’re looking to make your home more energy-efficient, install solar panels or buy an electric car, this guide can help you save money and fight climate change .

Starting this year, some of the money in 529 college savings accounts can be used for retirement if it’s not needed for education. Here is how it works .

Are you trying to improve your credit profile? You can now choose to have your on-time rent payments reported to the credit bureaus  to enhance your score.

Americans’ credit card debt and late payments are rising, and card interest rates remain high, but many people lack a plan to pay down their debt. Here’s what you can do .

When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way .

There are few challenges facing students more daunting than paying for college. This guide can help you make sense of it all .

IMAGES

  1. Essay on Money

    essay on paper money

  2. Essay websites: Essay on money

    essay on paper money

  3. Pocket money essay in english

    essay on paper money

  4. Essay on Money

    essay on paper money

  5. (PDF) An Essay on the Nature and Types of Money

    essay on paper money

  6. How Students Can Manage Their Money: [Essay Example], 824 words GradesFixer

    essay on paper money

VIDEO

  1. Paper Money deposits To my Saving Box Fingerprint Piggy Bank🏧 #viral #youtubeshorts #shortvideo #fyp

  2. PAPER MONEY TO MY SAVING BOX FINGERPRINT PIGGY BANK #viral #youtubeshorts #shorts #piggybank #trend

  3. Paper money in a game that's ACTUALLY GOOD? #shorts #raccoontycoon #boardgames #howisthispossible

  4. First paper money #short #history

  5. Kağıt Para Detayları Paper Money Details

  6. Writing Strategies That Make Money #essay #scholarship #writingtips #students #studywithme #studytip

COMMENTS

  1. Paper Money and Its Role Throughout History Essay

    Paper Money and Its Role Throughout History Essay Exclusively available on IvyPanda Table of Contents Introduction The history of paper money wasn't at first so much an easy-going process. The adoption of the paper money was considered to be beneficial for both the wealth of the country and the individual businessmen.

  2. Should We Get Rid of Paper Money?

    Risky and Expensive. No trees are cut down to make our money. That's because paper money isn't actually paper. It's made of cotton and linen. Maybe not. Along with the positives of going cash-free, there are also some negatives. First of all, things could get more expensive.

  3. The Nature and Necessity of a Paper-Currency, 3 April 1729

    This essay was dated April 3, 1729, and was one of the first of the publications issued by the new firm of Franklin and Meredith "at the New Printing-Office near the Market.". The first part of this paper is a discussion of the importance of an adequate supply of money for the successful conduct of a community's business.

  4. Paper Money: Definition, History, Use, Need for It, and Examples

    Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services. The printing of paper money is typically regulated by a...

  5. PDF Benjamin Franklin and Paper Money Economy

    This essay is based on a lecture given by Professor Farley Grubb on March 30, 2006, at the Federal . Reserve Bank of Philadelphia. The Reserve Bank and The ... paper money was first issued by Pennsylvania (1723), and he soon became a keen observer of and commentator on colonial money. He wrote pamphlets, treatises, and let-

  6. The Invention of Paper Money

    By. Kallie Szczepanski. Updated on October 17, 2019. Paper money is an invention of the Song Dynasty in China in the 11th century CE, nearly 20 centuries after the earliest known use of metal coins. While paper money was certainly easier to carry in large amounts, using paper money had its risks: counterfeiting and inflation.

  7. 255 Money Topics to Write About & Essay Examples

    There are lots of money essay topics for students to explore. We will write a custom essay specifically for you by our professional experts 809 writers online Learn More Table of Contents You might want to focus on the issue of money management or elaborate on why money is so important nowadays.

  8. Should We Get Rid of Paper Money: Argumentative Essay

    The problem with paper money is that it must be managed; storage, transportation, and protection are a necessity, resulting in unexpected costs for many businesses. Likewise, for the public, there is an inconspicuous cost for using cash.

  9. From the Heart to Higher Education: The 2021 College Essays on Money

    June 18, 2021 When the most selective — or, even better, rejective — schools in the United States are accepting under 10 percent of the people pleading for a spot in the next freshman class, it...

  10. Essays About Money: Top 5 Examples And 6 Prompts

    1. Essay on Money by Prasanna "Imagine the world without money. We will eventually come to a point where we will be asking questions like "what's the point of life". Hope and goals are some of the important things that will keep a man going in life.

  11. 'Miles Walked, Miles Driven': This Year's College Essays About Money

    'Miles Walked, Miles Driven': This Year's College Essays About Money - The New York Times 'Miles Walked, Miles Driven': This Year's College Essays About Money Each year, we seek out college...

  12. 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.

  13. Essay on Money

    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 ...

  14. Essay on the Evolution of Money

    Paper Currency. Paper money was first developed by the Chinese in about 700AD just after they invented wood block printing, they called it flying cash. ... of CSR of Woodside and Evolution Money Growth and Inflation Essay Should We Get Rid of Paper Money: Argumentative Essay Money Vs. Love in Jane Austen's Novel 'Pride and Prejudice'

  15. ≡Essays on Money. Free Examples of Research Paper Topics, Titles

    Essays on Money Essay examples Essay topics 105 essay samples found 1 Why Money Rules The World 1 page / 521 words Money makes the world go round. Throughout history, money has been the driving force behind human progress and development, shaping economies, societies, and political landscapes.

  16. Essay on Money

    February 13, 2024 by Prasanna Essay on Money: The concept of money was invented somewhere in 5000 B.C by a few traders in Western Europe. Ever since the invention, different countries have adopted it and started printing their own money with specific values, which was usually backed by gold.

  17. Paper Money Argumentative Essay

    The argument about paper money is that it could be helpful and harmful at the same time. Paper money is taking the character away from people by being if you don't have the paper money than oh well you are going to homeless and have nothing to eat or drink. This paper money is taking advantages away from kids that want to learn and be smart ...

  18. ⇉Paper Money and Digital Currency Essay Example

    Get help on 【 Paper Money and Digital Currency 】 on Graduateway A huge assortment of FREE essays & assignments Find an idea for your paper! Get help now. Essay Samples. Menu; Art 487 papers; American Dream 131 papers; Business 135 papers; Culture 626 papers; Economics 445 papers;

  19. Essay on Money in English for Children and Students

    Money Essay 4 (250 words) Money is very much required thing in the life however; it cannot buy things like time, love and true care. It can only fulfil the outer needs of the person and not the inner needs like true love. Now-a-days, everything has become so costly but necessary to buy for living a simple life.

  20. Write My Essay For Me

    Take a look at the writer's account to see their ratings, reviews, and order stats. Once you think they are the perfect fit, have them write paper for you. 1. Give us your essay writing instructions. 2. Hire your ideal essay writer online. 3. Get your paper writing done. Create an order.

  21. Money Essay Examples

    Research Papers and Essay On Money🗨️ More than 30000 essays Find the foremost Essay On Money Topics and Ideas to achieve great results! ... Currency, consisting of paper bills and coins, clearly fits this definition and is one... 2 Pages 1066 Words . World Without Money: Essay . Money ...

  22. The Pros and Cons of Writing Essays for Money

    1. Academic Writing Gigs Are Widely Available Freelancers primarily accept essay writing jobs for their accessibility. They're widely available. A quick search on Upwork already displays 1,000+ projects, and you'll likely find more on other essay-writing platforms.

  23. Get Paid to Write: Top 16 Sites That Pay (up to $1 per Word)

    A quarterly literary magazine, The Threepenny Review publishes nonfiction essays, memoirs and reviews, fiction stories and poetry in print. ... February 16, 2024 Paper Money Value by Serial Numbers: What Are Your Dollars Worth? by Catherine Hiles. February 14, 2024 Getting Married? Chewy is Giving 10 Couples $1,000 in eGift Cards

  24. How I Fell for an Amazon Scam Call and Handed Over $50,000

    Then she pushed the stacks of bills through the slot along with a sheet of paper warning me against scams. I thanked her and left. Michael was bursting with praise. "You did a great job," he said. ... When I discovered that Katie Gatti Tassin, a personal-finance expert who writes the popular Money With Katie newsletter, lost $8,000 five ...

  25. Top 5 Essay Writing Services: Help with Your College Papers

    Essays.io 🌟 (4.7/5) features free academic papers catering to diverse needs. In recent years, the advent of online essay writing services has marked a significant shift in how students and ...

  26. Did You Keep a Money Secret, and Have a Happy Outcome? Tell Us About It

    The federal financial aid formula used to give a break to families with two or more children in college at a time. That's gone now, and some schools may not fill the gap.. Student loan borrowers ...