Currency pair

For my profile of an economist I will present on David Hume. The format of this presentation will be Power Point. Hume was part of the Scottish Enlightenment and lived from 1711-1776. Hume strongly opposed mercantilism and advocated for free trade. One of his key discussions revolved around the price-specie flow mechanism. Hume evaluated British policies that minimized imports and maximized exports as a means of accumulating wealth. Understanding the nature of the market, Hume concluded that…

weapons, communication, currency and many other things that are used today that wasn't or was used differently during the periods studied. One of the more important topics is money and that took a major change since firstly being introduced during the roman time. In Rome the currency consisted of coins that were either silver, gold, platinum, or bronze. Unlike the coins used in today world the Roman coins had noticeable lower value. However, the main difference between the currency wasn't the…

Many working-class Americans often ask, “Where did all my money go?”, whether it be after coming back from a vacation, a weekend with the friends, or when they receive their paycheck. In a different sense, The American Government has its own way of spending money, which primarily comes from tax payers, they break it up into categories such as social security, health, the environment, science and national defense. So, the question of “where did all my money go?” is valuable and important to…

The early 1870s were an important time for the United States’ Mint. Specifically, 1873 marked the last year that the silver dollar coin would be struck, thanks to the passing of the Coinage Act of 1873. This new Act temporarily ended production of the silver dollar for commercial use. However, while this changed the landscape of coins in the United States, it made these silver coins extremely rare and collectibe. In fact, the 1870 silver dollar coin is known today as one of – if not the –…

Imagine sitting around your computer getting ready to check your bank account and noticing that you do not have enough funds in there to pay an upcoming bill and it has only been a few days since you receive your pay check from your job. After you noticed that you will not be able to pay the bill on time starting to wonder where did all your money had gone. To prevent this event from happening most individual try to take the time to make a budget worksheet so that they can planned how much…

Argentina is a first world South American nation that is working to recover from a period of hyperinflation and government default through newly implemented austerity measures. Political transition and increased defense spending have shown signs of positive development in the Argentine economy over the past nine months. Despite these positive changes, political transition, economic austerity measures, and decreased real defense spending are driving instability within Argentina and threaten to…

Argentina used to one of the most country rich and powerful in 18th century. However, their economy has collapsed. They suffered a huge national debt to foreign creditors, massive privatization, the economic decline of the middle class, hyperinflation, international indebtedness, increasing unemployment and poverty, and corrupt politicians in the 1980s. The first reason is the corruption of the government. Their government in early 1980s was dictatorships, and they were corrupted. Against…

The first coined money in the United States was introduced in 1793. The coinage included the half-dime, dime, quarter dollar, half dollar, cent, and half-cent. Since then, the value of these coins, like all other forms of monetary currency, has deteriorated due to inflation. One dollar in 1793 has the buying power of $24.39 in 2016, and one cent has the buying power of 24 cents. Never-ending inflation has deteriorated the value of these coins and caused them to have detrimental effects of the…

I have been working at Kum and Go since May 2016. In my 7 months working here I find it strange we throw away so much receipt paper. We ask every customer if they would like their receipt and about 9 out of 10 people say they don't. Now I work at a slower store in Colorado Springs and we probably go through a box of receipt paper every 2 weeks sometimes 3 boxes in a month during the summer. Now if all 422 stores in the country are using the same amount of receipt paper as my store at 3 boxes a…

The U.S. Mint should cease the production of pennies due to their waste of money to make, waste of time, their uselessness, and the money that the public will save from its elimination. Firstly, let's look at the penny's waste of money, the current cost to make one penny is about 1.7 cents. This is a significant increase since a century ago, when the penny was worth what the quarter is today. In 2014, the government spent $132 million on $50 million worth of pennies. In other words, we threw…