The History of Money and Banking - 1808 Words

Introduction The etymology of the word history comes from the Greek word historia, which means, â€Å"to inquire or knowing by inquiry.† With this history of Money and Banking, has tried to inquire into its history to grasp a better understanding of how to create a stable currency, about the positives and negatives of central banking, and how the federal government is involved in the economy. Additionally, the research was used to understand the past in order to better understand in the present what policies work and what will cause harm to the economy. Ultimately, the major question of this project is: What has caused booms and busts in the past and can we prevent them, and if so how? Problem Statement Major question: What has caused economic booms and busts in the past and can we prevent them, and if so how? Sub-questions: 1. What is America’s history of money and banking? 2. Is the Federal Reserve and central banking a positive thing? 3. What has proved to be good monetary policy? 4. What role does the federal government play in the boom and bust cycle? Review of Methodology The research was done using a qualitative perspective with an emphasis on historical sub-type to answer the questions. The historical sub-type was used to view situations that pertained to the questions asked and relate them to modern economics .The primary method of obtaining data was through scholarly books. Additionally the Internet was used to obtain e-books and fill any gaps in my knowledgeShow MoreRelatedBopexecutive Summary Banking History the First Banks Were Probably the Religious Temples of the Ancient World, and Were Probably Established in the Third Millennium B.C. 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