Economics Chapter 10-12

Chapter 10

Uses of Money

How money is used affects life in America in a lot of ways. This is because money is used in many different ways such as, a form of exchange, and a unit of account. All of these are different ways in which money is used. To me, this means that many exchanges would not happen and values of goods will vary extremely.. This can affect families because without money we wouldn’t have a form of currency, which means we wouldn’t have an economy. Money affects the nation through they way it is the center of most world’s economic system. Instead of using money is it possible to trade instead? Why don’t people just keep trading items instead of using money. Its impact is very important today because of how important money is.

Money’s Value

The value of money affects life in America in huge ways. This is because how healthy our economy is, is dependent on if the money's worth value. To me, this means that money’s value is dependent on. This can affect families through the way it can limit families on what they could buy, or allow them to buy more. Value of money affects the nation through they way it determines the health of the economy. Its impact is very important today because of its importance to the economy.

Banking in the later Twentieth Century

20th century banking has affected life in America in a huge way. It is because of the implementations of how it creates acts to prevent another economic crisis. To me, this means that the implementations that were placed in during the later 20th century were to prevent another economic disaster. This can affect families through the way it protects them from entering another great depression. Banking in the 20th century affects the nation through they way it protects the people from going into another great depression, which is why it is of great importance today.

Chapter 11

Investing affects life in America in many postive ways. This is because it allows for econmic growth and can contribute the the nation’s wealth. To me, this means that people will be able to contribute the the economy. This can affect families through the way because families who invest can not only help themselves but also help the overall economy. Investing affects the nation through they way it promotes positive ways of growth which is its impact today.

Bonds affects life in America in many ways. Bonds help the economy by providing extra spending money for the government and consumers. To me, this means that if consumers are able to spend more money, they can use that money to help the economy. This can affect families through the way it can benefit them. This is because if families have more money they can use it to buy goods and services which will help the economy. Bonds affects the nation through they way it promotes spending. Its impact is very important today because of its overall help with the growth of the economy.

Stock affects life in America in many beneficial ways ways. This is because stocks help create profit by Dividends and Capital gain. To me, this means that if businesses or corporations are able to gain more profit, they will be able to provide more goods and would need more services, which will help with the circulation of money. This can affect families through the way more goods and services are provided, which they can buy goods that they would need to survive. Stocks affects the nation through they way it promotes a healthy economy, which is why stocks are very important, even today.

Chapter 12

GDP affects life in America in a few ways. GDP is defined as the total value of goods produced and services provided in a country during one year. To me, this means that investors are able to look at the goods and services provided and determine where they would want to locate themselves . This can affect families through the way it impacts personal finance, investments and job growth. This affects the nation through they way it may lower its ability to create an economy with in the country due to the lack of products or companies. Some of it’s implications are that of certain companies creating warehouses outside of the country to gain the most amount of money. It is relevant today because of President Trump and his plans to have companies build and supply warehouses within the country, if they are American based or owned.

Business Investment affects life in America in a few ways. This is because business investment is one of the things that keeps the business cycle going. To me, this means that if business cycles continue, then the nation can experience economic growth. This can affect families through the way it allows businesses to continue providing families with either goods or jobs/services. Business investments affects the nation through they way it helps with economic growth. Its impact is very important today because of the overall effect on the economy.

Saving and investment affects life in America in beneficial ways.This is because the more a country saves the more it can invest in properties or different areas. To me, this means that if people are able to save income then they could help the economy by investing money. This can affect families through the way it allows families to be beneficial to themselves and to the rest of the country by saving and investing. Saving and investment affects the nation through they way it can promote economic growth, which is one of the reasons why saving and investment is so important.