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Money Makes The World Go Round (Argumentative Essay Sample)
Money makes the world go round.
One of the popular sayings you hear today is that money rules the world, in today’s society if you have money it is true that you can get anything you have ever imagined of having. Have you ever imagined living without money? It is not possible for people to survive without money. Money makes life easier there is no doubt that with money you can do miracles. Money not only makes life easier, but also makes life meaningful. Money gives us joy and it helps us turns our dreams into reality. Even though money cannot solve all our problems, it is a panacea for most of our problems.
It is well known that a wealthy person is respected and have many friends. Even though some people downplay the importance of money, they all agree that without money, the world can come to a standstill. To understand the importance of money, picture a situation where you do not have money, but you need to buy something important. You will feel frustrated because you cannot afford it. I do believe that money makes the world go round because it acts as a motivator. Humans naturally want to be recognized and feel important. People who have money are considered as successful and highly respected. The desire for respect and success makes money an important element in our lives.
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With money, anyone can afford a good life this means you can buy a good house get a better education and have higher chances of succeeding in life. If you do not have money, you will not access the best services you want. With the increased cost of living, everything is costly. If you do not have enough money, you cannot afford the basic services like health care.
Even though other people view money as the sources of all conflicts in the world like wars, the need for money has facilitated newer inventions and a better world. Money is an indispensable force for humans, it facilitates intellectual evolution, which pushes people to want to have money and excel in life. Inventing something new and unique means having more money, hence being recognized. Such invention gives an individual access to more money and fame that comes along with having money.
One cannot doubt the role money plays in our society today; money drives almost everything. People work hard to get money, and others kill for it. Most people work to accumulate wealth, but out of obsession, some people risk their lives and dignity, getting into crime to obtain money. That is why people view money as the cause of all evil in the society. In reality, money is the root source of all the functionality in the world. If you do not have money, you cannot properly move around or be comfortable.
It is true that money makes the world go round because it facilitates invention and progress in various fields. People felt comfortable and contented with life by having money. Therefore, money is one of the crucial elements in human life. Most people argue that money makes the world go round while another look at money as the root of all evil; money is still a necessary because it rules the world and makes life easier. Money presents many benefits to humans than we can imagine.
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Money Makes the World Go Round Argumentative Essay
The author believes that although money is important in our current world economy, it is not the driving force in their life. They value hard work, dedication, and supporting their family and community. They acknowledge that money is necessary to survive but they will never be dishonest to get it. They believe that success cannot be fully measured by the amount of money one makes but rather by being a valuable contributing part of one’s community and society. Without money, their values and priorities would remain the same, but they would have to dedicate more time and effort to take care of their family and provide basic necessities. They would gladly trade all the money in the world for the joy of spending time with loved ones.
They say that money makes the world go ‘round, but I’d have to disagree. Although our current world economy thrives off of selling natural resources and other items for currency, if there were no such thing as money, my life would still exist and I would still hold most of the same values dear to my heart as I do now, although I would definitely be a busier person.
The way the world functions now, barter and hard work are limited to certain areas of the world, and have little or no effect on the global economy. If money did not exist at all, these systems were in place, I still think that there surely would be some form of exchange that would signify class distinctions, as people are naturally greedy. Something would replace money, be it land or livestock, or even people, as past generations have used.
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Money is not necessarily a driving force in my life; rather, I strive for success. I believe that success cannot be fully measured by the amount of money that one makes. Success is being able to take care of oneself and family and being a valuable contributing part of ones community and society. I am a hard worker, and everything I get, I get on my own. I work for it. I am concerned about the welfare of my family, community, and world, and do my best to reduce my negative impact on anyone or anything in my environment.
Without money, I would still have the same values that I hold dear to my heart because my family has never been financially rich. We sometimes went without and have seen our share of hardship. I know that hard work and dedication and support of your family and community is more important than a wallet full of money. However, having no money also involves a lot of work and ingenuity.
Without money, I would have to dedicate more of my time to taking care of my family by working the land, raising animals, and providing essentials such as heat. Without money, this is time consuming and extremely hard work. I would not be able to enjoy some of the things I currently enjoy, unless we were living in a perfect world where everything was free. Knowing that this world does not exist, I would gladly trade all the money in the world to spend time with my grandmother and hear her stories of her life or listen to my mother sing or read or watch the joy in cousin’s eyes as they learn something new.
There is nothing like humanity. Not even money. But we do live in a world of money, and I try hard not to be tainted by the temptations of greed. I know that in our world, it takes money to survive, and I can make what I need to survive through hard work. I will never be dishonest to get money, and I will always remember that without it, I’d still have what I hold dear; my family and my values.
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Money makes the world go round, or spin out of control, thursday, august 25, 2016.
Richard M. Ebeling
Money is the most important commodity in an economic system. Indeed, money “makes the world go ’round.” This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and services of others.
Money also permits us to comparison shop. Since all goods are traded for money, every item in the market has its own money price. Consumers and producers are easily able to evaluate the relative money costs of consumer goods as well as the resources with which these goods are manufactured. This allows an efficient and economical use of the resources and commodities in society.
Controlling the printing press enables government to be a consumer without first being a producer.
Money also enables an efficient transfer of resources between savers and investors. People who wish to save their money are able to loan it to those who wish to spend it. This process has been the basis upon which entrepreneurs and businessmen have been able to invest in the plant equipment and new and improved machinery that has given us our high standard of living.
Finally, money tends to keep people honest. If I want to buy what others have for sale, I must have money to do so. But, ultimately, the only way I can have money in a free-market economy is if I have earned it by producing something for which other people are willing to pay me.
Thus, my ability to obtain what others have produced is dependent upon first having produced something which others wish to buy from me. In a free-market society, each man serves his fellow men as the means to achieve his own personal ends.
The Danger of a Currency Monopoly
Since the beginning of recorded history, governments have had an insatiable desire to consume wealth. Kings and princes, tyrants and democratically elected representatives have never run out of ideas on ways to spend what others have produced and earned. And when governments have discovered that no further wealth can be extracted by means of taxation, they have resorted to the debasement of the currency. In ancient times, governments “clipped” gold and silver coins; in more recent times, the invention of the printing press enabled governments to produce oceans of paper money; and in the era of “high tech,” governments merely add to the money in the economy by pushing a button on the computer — vast sums of checkbook money instantly appear on the balance sheet.
Money evolved in society out of the interactions of a multitude of buyers and sellers searching for ways to overcome the difficulties of barter.
This is what makes a monopoly over the power to create money so valuable to governments. Since money, as the general medium of exchange, is readily and willingly accepted by every member of the society, the control of money enables governments to have access to the society’s wealth without having first produced anything to acquire that money in exchange. Controlling the printing press enables government to be a consumer without first being a producer.
In our century, governments have rationalized this process. They have declared that their purpose is to stabilize the economy, guarantee full employment, and assure a balanced financial environment. In 1913, the U.S. government established a central bank — the Federal Reserve System — to do this job. Its record speaks for itself: a “great depression” in the 1930s, a series of economic booms and recessions of various frequency and duration in the post-World War II era, and unending inflation for five decades. By their fruits you shall know them.
Government monopoly and control over money has been an economic and social disaster. Wealth has been squandered and misinvested, the savings of millions have been destroyed through inflation, and the social fabric of societies has been weakened at various times during periods of monetary debauchery.
In a time when the belief in socialism is dying around the world, it is time to realize that government monopoly of money is nothing less than monetary central planning. It, too, has been a failure. And it is time to “privatize” money for the same reasons that are being proposed to privatize the production and marketing of goods and services in the communist East and the democratic West. Only private enterprise, operating in a free market, can eliminate political abuse in the disposal of resources and can guarantee efficient use of those resources for the satisfying of consumer demands.
Contrary to government-created myth, money is not the creation of the State. Historically, money evolved in society out of the interactions of a multitude of buyers and sellers searching for ways to overcome the difficulties of barter. Commodities such as gold and silver were found by individuals to possess the qualities and attributes most useful in providing a sound and stable medium of exchange.
Government and the Gold Standard
In the 19th century, the friends of individual freedom and economic liberty advocated the establishment of a gold standard to limit governmental abuse of the printing press. Unlike paper money, gold cannot be manufactured through the turning of the handle of the printing press. The amount of gold in the market is limited by the profitability of mining it out of the ground. The quantity of money, therefore, is controlled by the market forces of supply and demand.
The Federal Reserve System must be abolished for individuals to use and contract in whatever money they desire. But the mistake these friends of freedom made was that they still believed that governments had to be given the authority to manage the gold standard, even while that gold standard was meant to check governmental abuse of the money-creation process. The fox was assigned the role of watching over the chicken coop. As was to be expected, the system failed. The 20th century has seen tidal waves of inflation in various countries as governments found ways to circumvent the trust assigned to them under the gold standard and then rationalized the issuance of vast amounts of paper monies — all done in the name of the “national interest.”
Money must be separated from the State. The Federal Reserve System must be abolished; all legal tender laws prohibiting individuals from using and contracting in whatever money they desire must be eliminated. The market — which means all of us in our roles as consumers and producers — should be left free to decide which commodities shall be selected as the most advantageous mediums of exchange. Also, the market should be left free to determine the economically most useful forms of banking and financial intermediation.
Contrary to government propaganda, this would not lead to economic “anarchy” or collapse. Rather, it would be the foundation stone of freedom and prosperity in the 21st century. Government has been the cause of monetary disorder in our society. A free market in money and banking would be the solution to our “age of inflation.” Government central-planning of money has been tried and it has failed. It is now time for monetary freedom to be given a chance.
This article was first published by Capitalism Magazine .
Richard M. Ebeling is BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina. He was president of the Foundation for Economic Education (FEE) from 2003 to 2008.
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This work is licensed under a Creative Commons Attribution 4.0 International License, except for material where copyright is reserved by a party other than FEE.
Please do not edit the piece, ensure that you attribute the author and mention that this article was originally published on FEE.org
- Article // Why Money Makes the World Go Round
by Nadjeschda Taranczewski | Jun 26, 2020
This article was written by Nadjeschda Taranczewski and Peter Koenig , the creator of the moneywork process. It was published in two parts on Medium: Part 1 on June 26, 2020 and Part 2 on July 5 2020.
Money is a projection screen
Even if it often appears otherwise in everyday life, money is only one thing: a medium – physical or virtual – on to which we project, as if onto a neutral screen, our fantasies, desires, and insecurities. You may think this is a bold statement, given that you know for a fact you need money to pay your rent or mortgage, to buy food, to pay for your holiday. So, what do we mean when we say that money exists in this way and functions through the process of projection?
The object which we call Money has its own intrinsic value as being an object in its own right. Its separate monetary value only comes into existence through human projection. We agree that it qualifies as money: how much of it there is and how much of it you need to acquire something else for it. Money therefore has no intrinsic worth of its own and in a sense does not exist. At best, we are looking at a piece of printed paper or embossed metal, or, as is more often the case these days, we look at zeros on a computer. In another way, money might be viewed as a promise and only works if we collectively trust in and value this promise. It is a cultural construction that functions through projection that we treat as if it were a law of nature.
In contrast, laws of nature are something that man did not invent and that applies equally to all of us, everywhere – whether I believe in laws of nature or not. Unlike money, the role and effect of gravity or radioactivity is not negotiable. But since money is a human invention functioning through collective projection, the assigned value and meaning of money is absolutely negotiable. Since we seem to have forgotten this, we pretend that money is as real as gravity or radioactivity.
To quote Yuval Noah Harari ‘Money is not coins and banknotes. Money is anything that people are willing to use in order to represent systematically the value of other things for the purpose of exchanging goods and services…Money was created many times in many places. Its development required no technological breakthroughs – it was a purely mental revolution. It involved the creation of a new inter-subjective reality that exists solely in people’s shared imagination.’
If you are interested to learn more about the history of money, we suggest Yuval Noah Harari’s thought-provoking compilation named Money or this insightful article in the German WirtschaftsWoche (in German only) on credit.
It is impossible for us to not create projections
Today we know from brain research that what we experience as reality is an internal creation or, in other words, a projection of our consciousness.
Our mind is incapable of recognizing anything that happens without naming it in the same breath. The moment of perceiving reality cannot be separated from the moment of interpretation, or, in other words, the moment of creating reality. Even if we want it to seem that way, our brain is not a camera that records something. The performance of our brain is most comparable to the latest virtual reality glasses that you can put on your nose. Like a computer, our brain calculates a virtual reality in real time, which then appears on the screen of our glasses. There we usually see what seems logical and consistent to us based on previous experiences i.e. our reality.
Money is just another of our so-called ‘realities’. We do not deal in real matter; we deal in illusions, in projections. However, this fact is not trivial. Every projection has a practical consequence in terms of the experience it creates. For example, my experience with money seems to support my original definition of money, which gives me the feeling of having evidence that money is indeed what said it was in the first place. Money is not per se what I think it is or what you think it is. It becomes, or appears to become, what one says it is through projection. Projections are circular in nature – they trap us in a hall of mirrors.
Incidentally, the fact that we have projections is not problematic. Projections are a normal and indispensable phenomenon of being human. Projections are our method of wresting meaning from meaningless events and sensory impressions. We cannot not create projections. Moreover, when applied consciously, the process of projection is precisely how we manifest our visions and intentions. When we project consciously, our projections become a tool and facility for our use.
However, when we are not conscious of our projections, which is in many instances the case, things appear to be happening to us as though being caused by external reality or nature, whereas we are actually causing them ourselves, without being conscious of this. This puts us in a state of conviction of a reality beyond question, which is an illusion. We have the feeling of being used by or being enslaved by money. Not only can we then succumb to our personal illusions, but the more other people share these illusions with us, the more real they seem. It’s a true case of the emperor’s new clothes. In terms of money we will say something like, “Money makes the world go around”, unaware that it’s we who make this world go around, maybe in ways that we don’t particularly like or agree with, and think someone else or something else, like money, is the cause.
Basically, there are three different types of projections:
The First Type: Negative Projections
The first type is characterized by unconsciously projecting negative qualities or attributes onto money.
Someone with projections of this type might complete the sentence ‘money is…’ with statements such as ‘money stinks, money is dirty, money means responsibility’.
People with these types of projections onto money suffer from the illusion that they have to earn their existence with great effort: money either does not find its way to them from the beginning or it slips through their fingers.
On an unconscious level, people with what we shall call ‘negative projections’ try to avoid money or to get rid of it because they do not want all the negative attributes associated with money in their lives.
The theme that runs like a common thread through the lives of these people is financial hardship and the constant struggle for sufficient resources.
Through their unconscious negative relationship with money, money predictably flows out of their pockets into the pocket of people with the second type of projection.
The Second Type: Positive Projections
The second type is characterized by unconsciously projecting positive qualities or attributes onto money.
For people with positive projections money means freedom, self-confidence, luxury, and power.
People with these projections suffer from the illusion that they must secure their existence. One could also say that they suffer from the illusion that they can secure their existence only by amassing more and more money.
Driven by the gnawing feeling that they can never have enough of the magical substance, all their actions are aimed at accumulating more money and then securing it.
The dark side of their projection is greed. This greed is triggered by the belief that there is something outside themselves and that only they can possess or be with money.
The Third Type: Mixed Projections
The third type of projections is a mixture of the first two types.
It is characterized by the fact that it alternately — or even simultaneously — projects negative and positive attributes onto money and is driven by them.
People of this type are usually able to make money — but they are not able to keep it with a sense of enjoyment.
As soon as it is there, it melts away before their eyes or they actively give it away. They oscillate helplessly between the two extremes of ‘longing to have’ and ‘not being permitted to have’. They are appalled by their own greed and feel neither comfortable or understood in the company of people with type one, nor in the company of people with type two projections.
Uncovering your Type
If money in principle has a hard time finding its way to you and you often fight for resources, you probably have unconscious negative projections (Type 1) onto money.
If you have money but are often worried about losing it or concerned about how to acquire more, you probably have unconscious positive projections (Type 2) onto money.
And if you earn money but somehow never have any money, if you are often plagued by feelings of guilt and then voluntarily and involuntarily find ways to get rid of money as quickly as possible, then it is likely that you are wavering between the projections of both types, between disgust and greed (Type 3).
Another way to do a quick self-diagnosis, even if rather superficial, is to look at the state of your bank account. If you’re chronically in debt you may be Type 1. If you’re steadily saving but concerned about the future, you may be Type 2. If your bank account is usually around zero, you’re probably Type 3.
And if you are one of those rare individuals for whom money really doesn’t matter, who are just as happy to have money as to give money away, as to have no money as to get money — count yourself lucky and exceptional!
Money Projection: Experiment
Just in case you are still not convinced that money functions through projection — let’s do a quick experiment. Take two separate pieces of paper. Leave the first piece of paper empty. On the second piece of paper write: ‘I promise the owner of this paper 100 hours of my time’, then put your signature to it.
Now imagine if you were to give one of these notes to another person. Which of the two notes feels more valuable to you?
Presumably the note that says ‘100 hours of my time’ feels more valuable. This note contains a promise. A promise is a projection of an anticipated result in the future. The value of that note exists in your thoughts — and maybe in the thoughts of the person you are giving it to. But just because we can share projections, it still doesn’t become a law of nature!
Since we cannot escape our projections, our goal can only be to become aware of them and to deal with them more playfully.
Maybe you are thinking, ‘Pfff — easier said than done!’ In fact, our unconscious projections are so persistent because our attitude towards money is part of our identity — which is what we will explore in CU*money . If you would like to take a deep dive into your identity as revealed by your relationship with money, join us on the journey.
- Yuval Noah Harari, Money : Vintage Minis, 2018
- Watch the recording of a conversation with Peter Koenig about moneywork .
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Money Makes The World Go Round Essay
[pic] [pic] [pic] Money Makes the World Go Round By, Chris Jarrett 4-11-11 Period 3 Money makes the world go round. If you know how to deal with money, you’re probably better off than someone who doesn’t. There are three significantly influential economists that helped change the way we look and think about money and the economy; Adam Smith, John Keynes, and David Ricardo. These men all came up with economical theories that we still study today, including the Invisible Hand, Government Intervention, Theory of Rent, and various others.
Adam Smith who lived in Scotland during the 1700s thought of many different economical theories. One of them was the Invisible Hand. The Invisible Hand theory boils down to saying that the economy will adjust to the needs of buyers and sellers over time. “The theory of the Invisible Hand states that if each consumer is allowed to choose freely what to buy and each producer is allowed to choose freely what to sell and how to produce it, the market will settle on a product distribution and prices that are beneficial to all the individual members of a community, and hence to the community as a whole.
(Wikipedia). Adam Smith didn’t agree with government intervention. He thought that the government should not be involved in the economy system and that people should fend for themselves, kind of like they do today in Hong Kong. Adam Smith’s idea of self interest states that “in the act of observing others makes people aware of themselves and the morality of their own behavior.
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” (Wikipedia). In other words, that means that when people study and look at other people’s choices and actions, they are able to become more aware of themselves and make better choices.
To Make The World Go Round
All in all, Adam Smith was an economist that had great ideas that are still being talked about today. Another recognisible economist is John Keynes. While Adam Smith was against government intervention. Keynes was for it. He explains that without government intervention, the economy would stay trapped with low emloyment. In a way, Keynes is correct because the government helps provide many things that are much needed. The government employs all of the city workers such as teachers, firemen, policemen, anad politicians.
The government also helps some large companies from going bankrupt by providing money for them to keep operating. Keynes also explains that the government can help reduce unemployment levels by creating more jobs. To summarize, John Keynes was an econimist who mainly thought the government should interven when needed. A final inportant economist is David Ricardo. Ricardo had a lot of ideas about trade and international trade. He believed that trade could not hurt an economy, but only benefit it.
He says that there should be no restrictions on trade, that people should just leave it to compitition. Ricardo also came up with an idea about rent. He states that rent is “the difference between the produce obtained by the employment of two equal quantities of capital and labour. ” (Wikipedia). This basically means that when there are multiple properties, rent will be charge on the more expensive ones, rather than the cheaper ones.
In a word, Ricardo was an exception economist that had many ideas about trade and rent. Out of all these economists, the one that I would agree with the most would have to be John Keynes. His ideas about government intervention are reasonable and practible. I believe that the governmen t is here to help us, especially in complicated areas such as the ecomony. The government should help companies that are about to go bankrupt because they’re not just helping the company, but theyt are helping the workers.
I think that all schools should be taught about all three of these economists, but mainly about John Keynes. Money is everywhere. Everything you use, eat, or touch was bought with someone’s hard earned money. In today’s tough economy, it is important to learn and study how money and economics work. That is exactly what Adam Smith, John Keynes, and David Ricardo did hundreds of years ago when they came up with their theories, and that is exactly what economisists are doing today. Bibliography Wikipedia. Web. 10 Apr. 2011. .
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Money Makes The World Go Round Essay
Task: Write a Money makes the world go round essay, addressing the popular topic while using a minimum of 4 articles which talk about the same subject and incorporating them into the essay.
It was in the year 1960 that the phrase Money makes the world go round essay was first used in the Cabaret music album. The Cabaret music album was classified under the genre of melancholy in which the female protagonist displays her intense aspiration for love to which the counterpart replies her plea with rhythmic song. The core concept that is being discussed in the whole content of Money makes the world go round essay is that it is the factor of money that controls the whole world, not the common perception that it is influenced by love and respect towards each other. The central theme that every component in society is dependent on is money which is being conveyed through this piece of art (Evans, 1985). In the novel 'Dombey and Son’ the author Charles Dickens keeps on discussing the same viewpoint like the instance when the character Paul inquires his father about the real significance of money in the present world. The fact that money can do anything in the world is being replied to Paul by his father. In the same conversation, the father is being enquired by Paul why the same money was not able to save the life of his mother. In the literature, the arguments from multiple aspects are delightfully explained by the author, Charles Dickens.
The vital phrase that Money makes the world go round essay generally implies that the whole world would cease to work if there is no money. If referred to the practical aspect of man’s existence as a social being, the argument could be stated as a valid one since the basic requirements to sustain life could only be brought through spending money. Whether the need should be regarding food, shelter, or clothes, everybody requires money to buy them. The argument that the presence of money could bring you success could be stated as true. The factor of money could open various opportunities for success for a person.
The same ideology of acquiring immense wealth to achieve success in life has preoccupied the mind of every person. The thought of acquiring money has so much penetrated the mind of the people that they are avoiding other crucial aspects of life. The major reason behind this destructive perception towards life is because of the distorted outlook over success by society. The modern man just intends to attain material gain by the term ‘success’. The prevailing notion in society is that more a person acquires money, the more he is deemed to be successful. The parameters like luxurious villas, number of vehicles, etc. are considered to be the parameters of success by most of the public.
The real significance of the money could only be realized by the person who is very poor. It is the absence of money that reveals the grave intensity of the challenges to be faced with surviving in modern society. Every person needs to earn to suffice the basic requirements in basic life. The whole world has shifted towards consumption-oriented behaviour. The concept of consumption has now changed, and the new generation wants every product, which comes new in the market. It is the new world of advertisement and marketing campaigns in which humans are attracted to luxurious products. The customer is running behind the gaudy things which have little significance in life.
It is a fact that only money could bring quality and security in the life of every person. The higher amount of money that a person retains the better living amenities could be possessed to make life comfortable. If the person would send his life in paying various expenses and bills, nothing significant could be achieved. It is majorly the money which plays a crucial factor in achieving personal dreams. If considered the case of education, nobody could pursue it in a reputed institution if they lack financial support. In another piece of the novel ‘A Christmas Carol’ written by Charles Dickens, a character is portrayed to be setting aside love to acquire more wealth (Zimmer, 2014). The character is named to be Ebenezer Scrooge who gives assurance to Belle (a girl) that he would look after her. However, the female character avoids the love of Ebenezer Scrooge to marry a wealthy businessman Jacob. Jacob changes her mind by offering sudden wealth and fame.
F.Scott, the author of 'The Great Gatsby', has discussed the significance of money in the existing scenario through various descriptions (Köhler, 2005). The major context which highlights the significance of money is when the character Gatsby gets intimidated by the wealth of female character Daisy Bunchan and is not able to speak in front of her.
The discussion over the context of Money makes the world go round essay has been included in a lot of artworks, and now it has assimilated into the mind and behaviour of every person. In the same novel, we could observe the narration of wealth is portrayed when the character Tom possesses an immense amount of money and the same has empowered him to behave the way he thinks and look down on everybody. The fact that wealth provides the person with immense power is clear in such literature.
If taken the context of politics and other geological exploration, it was the sole motivation of acquiring wealth that has encouraged the people to practice it. However, our readers should not develop the false notion that money is a very evil thing, and everyone should abstain from it. It is the greed towards money in every human mind that should be considered evil. Modern civilization has forgotten other factors which are much important than acquiring health. Whatever money a person could acquire, he or she could not buy sleep, respect, health, time, etc. You could buy a big villa, but the same could not be converted into a home by investing money. Human civilization should also focus on other aspects of life that are aloof from the ideology of acquiring money. If taking the instance of ‘Seven habits of highly effective people’ written by Stephen R. Covey, it is being discussed that most human beings would find themselves secure in the society if a substantial amount of money is earned. Hence their whole thinking revolves around the collection of wealth. Though it is not being understood by human beings that we never get satisfied with anything and the rush towards wealth continues till our death. The same has increased the rate of depression and suicide among human civilization which is affecting the total well-being of the society. It is not mandatory that the person would get satisfied even after getting a huge amount of wealth. The priorities and thought processes of every person should change so that the healthy way of living should be sustained between us.
As mentioned in the previous section of this Money makes the world go round essay, health could be secured by just accumulating wealth. The moral aspect should be focused on every individual to attain mental peace, respect, recognition, love, etc. Following good principles are very crucial to attain mental peace. The person without mental satisfaction will not become happy even if there are billions in his bank account. The money could only bring material and short-living satisfaction to the human being (Erev, 2020).
The notion of equating money with happiness is the most inaccurate approach made by human societies. The state of success could only be ensured if the person has acquired satisfaction in career, health, finance, the personal aspect, spiritual aspect, and societal aspect. The reality of success is far different from that of financial success.
We hope that this Money makes the world go round essay was quite helpful for you. Thank You.
References Erev, I. (2020). Money makes the world go round and research can help. Judgment & Decision Making, 15 (3).
Evans, T. (1985). Money makes the world go round. Capital & Class, 8 (3), 99-123.
Köhler, A. (2005). Money makes the world go round. Commodity sharing, gifting and exchange in the Baka (Pygmy) economy. Property and equality, 2, 32-55.
Zimmer, A. (2014). Money makes the world go round! Ökonomisierung und die Folgen für NPOs. In Forschung zu Zivilgesellschaft, NPOs und Engagement (pp. 163-180). Springer VS, Wiesbaden.
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Money makes the world go round
The idiom “Money makes the world go round” is a popular phrase used to describe the importance of money in the modern world. It means that money is the driving force behind most of our decisions and actions.
He always says ‘money makes the world go round’—he’s so obsessed with money!
She knows that money makes the world go round, so she’s always looking for ways to make more money.
Money makes the world go round, but happiness is what really matters in life.
The origin of this phrase is uncertain, though it is believed to have originated in the early 19th century.
What does “money makes the world go round” mean?
It means that money is the driving force behind most of our decisions and actions.
Money makes the world go round English Literature Essay
- Post author: Amelia George
- Post published: October 20, 2019
- Post category: Free Essays
- Post comments: 0 Comments
Money makes the world go round meaning
Money is an essential element of society. Money is not just a word or a need to a human being. It is the wheel over which we as humans are living our life. To understand the importance of money, first of all, we need to see what does money stands for in economics. Before that, we need to see what is the purpose of money. Even if we need to buy bread in the car, the house, the foreign trip or if we need to finance our education, everything is done using the money. Money is the most valuable asset which is required in order to buy or even ret any good, commodity, or service (Brewer, J. 2002).
The money is the object which can be exchanged to buy any purpose in the world. In economics, the word money is defined as Money o, money one, and Money 2. This is the range of liquidity. Such as money 1 is the most liquid form of money, which is easiest to use. The money two is least liquid but is the form of money and can be used in the form of money to buy anything in the world (Fisher, I. 2006).
Money makes the world go round proverb
There is a famous quote that says, ‘Money Walks Everyone Talks.’ This quote is an accurate depiction of how powerful money is and what it can do. The money is a powerful tool and element that has a robust demand. This is why anyone is willing to do anything for anyone so that is the reason by which we can say that money is one of the most demanded objects of this world. This is why we can say that with money, we can control any person, any company, or organization, and this is why money has turned into a powerful commodity (Zhou, 2009).
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IMF is one of the most prominent and strongest organizations in the world. This is a government-owned organization that gives a loan to the countries by their needs. This is the organization that gives loans and debt to countries in Asia and Africa and many developing countries so they can sustain and can overcome the poverty and shortage of money in their countries. IMF is controlled and funded by the USA, and this is why the USA has great importance in the world, and it is often preferred by many people (Meyer, B. 2018). USA id supporting IMF, and the IMF gives the loan to the people. So apparently, the countries that receive the loans from the IMF also favor the USA. So the IMF is the organization that keeps the world go around it and controls all big and small countries and even companies. The emerging countries are often needed money, and for that, they agree to all types of clauses and terms that are stated by the IMF. So, as a result of this, the countries need to accept all sorts of the terms and conditions for the grant for loans. These terms are sometimes very problematic and can destroy the sovereignty of the country that takes the loans accepts the terms and conditions (Lee, 2013).
Poverty and Poor countries are often in need of money, so they always look for loans and debts. These emerging countries get the loan form IMF, and they have to accept the terms. This is why we say that the money talks and everyone walks. And the reasons mentioned above support the claim that money makes the world go around itself. The institute, person, or company that has the money is the one that is the most powerful and has to say and decision making power and even strength (Cagan, P. 2015).
Swiss Banks are another active institute that gives loans to bigger banks and even governments. The other source of wealth and income is wealthy families. According to stories, certain rich families provide loans and wealth to large companies and families. One of the most famous wealthy family amongst this is the Rothschild Family. This family controls billions of dollars in the world. The money happens to be the most essential commodity which has high demand, and this is why money makes people go around themselves (Barber, R. J. 2010).
Money means freedom and power in a million different ways. Sure, there’s the obvious way of being able to structure your days and not work, but there’s so much more to it. Having some money in your bank account gives you a cushion in your life, no matter what dice the universe rolls. Money has such amazing superpowers , and I will NEVER understand the lure of spending it all on junk and stuff and crap before sewing up your parachute, umbrella, safety net. Having some cash in your bank account lets you react the way you want to respond. It allows you to put your self-interests first (Barber, R. J. 2010).
Money makes the world go round Essay Conclusion
The conclusion is that money is an essential element of society. Money is not just a word or a need for a human being. It is the wheel over which we as humans are living our life. Before that, we need to see what is the purpose of money. In short, money means freedom and power in a million different ways. Sure, there’s the obvious way of being able to structure your days and not work, but there’s so much more to it. T sum up. The money is the object which can be exchanged to buy any purpose in the world. In economics, the word money is defined as Money 0, money one, and Money 2. The money is a powerful tool and element that has a very strong demand.
This is a government-owned organization that gives the loan to the countries by their needs. So the IMF is the organization that keeps the world go around it and controls all big and small states and even companies. Thus, the poor countries are often needed money, and for that, they agree to all types of clauses and terms that are stated by the IMF. This is why we say that the money talks and everyone walks. In short, the reasons mentioned above support the claim that money makes the world go around itself.
Brewer, J. (2002). The sinews of power: war, money, and the English state 1688-1783 . Routledge.
Fisher, I. (2006). The purchasing power of money: its’ determination and relation to credit interest and crises : Cosimo, Inc.
Zhou, X., Vohs, K. D., & Baumeister, R. F. (2009). The symbolic power of money: Reminders of money alter social distress and physical pain — Psychological Science , 20 (6), 700-706.
Lee, K., Ashton, M. C., Wiltshire, J., Bourdage, J. S., Visser, B. A., & Gallucci, A. (2013). Sex, power, and money: Prediction from the Dark Triad and Honesty-Humility. European Journal of Personality , 27 (2), 169-184.
Meyer, B. (2018). The power of money: politics, occult forces, and Pentecostalism in Ghana. African Studies Review , 41 (3), 15-37.
Cagan, P. (2015). Measuring quality changes and the purchasing power of money: An exploratory study of automobiles. National Banking Review , 3 (1), 217-236.
Barber, R. J. (2010). The American Corporation, Its Power, Its Money, Its Politics. Bus. Law. , 26 , 587
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Money makes the world go round
Money makes the world go round, but there are many things in life that are free. Walking through the countryside, admiring the scenery and enjoying nature. Joy, happiness, falling in love, looking at sunsets, moonrises and the stars in the night sky, even breathing fresh air is free.
But the fact is, you will have realised that most things do cost money . Possibly not your own money, if you still live at home, but certainly someone’s money.
The shelter you live in, be it a flat, terraced house, detached house or apartment, costs money in the form of rates, rent, mortgage and repair bills. The services you use at home also cost money, such as electricity, gas and water, and let’s not forget the council tax you also have to pay, for external services like waste collection and recycling.
And as if that’s not enough, you also have to buy food and drink on an ongoing basis, to keep yourself and everyone else in the household alive. This in itself, is a very expensive and an ever-increasing cost for any household, and especially those with ravenous children, tweens and teens still living at home.
So far, everything noted above is considered an essential need, (we will discuss needs on another page), we haven’t even begun to think about the costs of anything else yet, such as wants and luxury items, and how can we, when so much money has already been spent on just the essentials?
No matter what your outlook is on money and wealth, whether you plan to be a multi-millionaire, or don’t care too much about money, and consider other things in life to be more valuable, it is still important to grasp the meaning of the saying “ money makes the world go round ”, because it is essentially true. Without money, most things in the world would stop, or at least wouldn’t be available to you and your family.
Money makes the world go round - but take control
As we know, Money makes the world go round, without money you would have no home, no food, no heat, no ability to travel, no communications devices, no social life, no Netflix, I think you get the idea. I appreciate there may be some Governmental support for certain people with some basic needs, but I would suggest, as a young adult just starting out on life’s journey, you shouldn’t assume financial help will just be given to you. You need to take control of your own financial future, by becoming financially literate, which is, of course, the aim of this website. Money makes the world go round, and you need to make sure you have enough of it!
Become financially literate and financially free
The importance of money becomes very clear when a person doesn’t have any at all. This is why you need to become financially literate as early as possible, so that such a scenario doesn’t happen to you. You know Money makes the world go round, and that's why you what to be financially free.
Once you have become financially literate, and have been able to generate money and an income stream in excess of your essential needs, then the world's opportunities will open up to you, and you will then have the freedom as well as the knowledge, to make your own choices on how and when to use your money.
Money can enable you to afford a better quality of life. It may mean a bigger house if that’s important to you, or a new car, or better quality products, such as TV’s, phones and other gadgets and home entertainment. You could travel the world enjoying culture and holidays. You will find yourself saying Money makes the world go round!
Another advantage of money is less stress with paying the monthly bills and other household expenses. It can even allow you to follow your dreams of running your own business , or remain in a career you love, but doesn’t pay so well.
All of this can be achieved by money, financial literacy and determination.
Personally, my own thirst for financial knowledge didn’t happen until after I had left school, and whilst I was always interested in making a bit of extra cash in one way or the other, I didn’t care too much about learning the theory behind it. In fact, I absolutely hated Economics in school, and just couldn’t get to grips with all the jargon about supply and demand, equilibrium, and so on, which is quite ironic now, as I read such books regularly by choice.
This does go to show, that peoples approach to learning about finance, and understanding that Money makes the world go round, can and does change as they get older, and so anybody can grow into the subject, even if they don’t find it particularly exciting, to begin with.
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Money makes the world go round - But money can’t buy you love
It is also important to understand the things that money cannot buy, for example, good health, love, respect, dignity and morality. Some of these can only come from good personal principles.
Without good health, money loses its appeal. Steve Jobs , the inventor of the iPhone and iPad, and co-owner of Apple PLC had a vast fortune of billions, but he unfortunately also had poor health and died in his mid-fifties.
Some people could have millions in the bank, but still feel poor and empty because they are not happy or content with their life, something is still missing.
No matter how rich a person becomes, they can only earn true respect by doing the right thing, and having good principles and morals. There are many wealthy people around who have money but command no respect, because of the way they behave towards other people. Please be nice when you don’t have money, and also be nice when you do.
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Money Makes the World Go Round
By: Tasha • Essay • 2,955 Words • February 4, 2010 • 1,330 Views
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The United States lacked a central bank until the twentieth century, although there were two attempts to establish a central bank in the early 1800s. Without a money manager, the nation's financial system was like the nation itself--diverse and subject to uneven growth. As a result, there were frequent economic depressions and financial panics, and the Bank Panic of 1907 finally convinced the public that a central bank was necessary ____________________. Reform was difficult. In the more established eastern cities, business leaders wanted to create a national financial system. In the West and South, small businesses and farmers feared a national financial system would not provide enough easy credit to support their developing economies. In 1913, after considerable debate, Congress passed the Federal Reserve Act to balance the financial needs of the country ____________________. The nation needs a money manager because money does not manage itself. Money and credit are the lifeblood of the economy; they facilitate commerce, job creation, and business growth. As our nation's money manager, the Fed implements monetary policy to manage the flow of money and credit in the economy. If money and credit expand too rapidly, businesses cannot produce enough goods and services to keep up with increased spending. Prices may rise, causing inflation ____________________. If the flow of money and credit contracts too greatly, spending and business activity may dwindle, workers may lose their jobs, and a recession may result ____________________. As our nation's money manager, the Fed conducts monetary policy to attempt to balance these two extremes to keep prices steady, workers employed, and factories productive. The Federal Reserve System was created as an independent agency of the United States government to provide a safer, more flexible banking and monetary system ____________________. To ensure autonomy and to insulate the central bank from short-term partisan political pressures, the founders stipulated that the Fed's operations would be financed from its own resources. The Fed regularly reports to Congress about its activities and plans for monetary policy. Although Congress has the power to change the laws governing the Fed and its operations, the central bank's day-to-day policy and operational decisions do not require Congressional or Presidential approval ____________________. The seven-member Board of Governors, located in Washington, D.C., oversees the Federal Reserve System ____________________. Appointed by the President of the United States and confirmed by the Senate, Board members serve 14-year terms, which are arranged so that one expires in every even-numbered year ____________________. The terms were designed to be long enough to prevent day-to-day political pressures from influencing the formulation of monetary policy and the supervision of the operations of the 12 regional Reserve Banks. The President of the United States designates a Chairman and Vice Chairman from the Board to serve four-year terms ____________________. These designations are approved by the Senate and can be renewed during the terms of the Board members, subject to Senate confirmation ____________________. There are 12 Federal Reserve Districts, or regions, throughout the United States ____________________. Regional headquarters are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco ____________________. Each of the 12 Reserve Banks has a board of nine directors ____________________. Each Bank's president is appointed by its board of directors and approved by the Board of Governors in Washington, D.C. Reserve Bank directors oversee the operations of their Bank and are subject to the overall supervision of the Board of Governors ____________________. The Fed helps keep the nation's economic wheels rolling in a number of significant ways through services Reserve Banks and Branches provide for depository institutions. The Federal Reserve is charged with ensuring that enough currency and coin are in circulation to meet the public's demand ____________________. New currency and coin are shipped to Federal Reserve Banks and Branches across the country where the money is stored. When people need additional cash, such as during the holidays or at times of natural disaster or crisis, a depository institution may order more currency and coin from its local Federal Reserve Bank or Branch. Each institution pays for these orders by drawing down its reserve account balances held with the Federal Reserve ____________________. The Federal Reserve and state and federal agencies supervise and regulate the nation's financial institutions to ensure their financial soundness and compliance with banking, consumer, and other applicable laws ____________________. The Fed's specific responsibility in this area
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Money Makes The World Go Round
Filed Under: Essays Tagged With: currency , money
Life and money, which support it, make the existence of people purposeful and intelligent, money becomes the self-value nowadays . But if we want to know the possibilities for spiritual growth or moral development in human beings we must answer the question what money means in our life?
It can be compared with a huge piston in the engine that pushes the world. 1 am saying this because it is one of my beliefs that, if not every decision, at least a majority of them are made with the consequence of money in our mínd.
For example my friend and I were exchanging our opinions on a certain movie the other day. She was telling me she didn’t like the movie because she felt that it didn’t serve a purpose. My argument was that I did like the movie because it was entertaining, I also said that it did serve a purpose because it made money. The purpose of that movie was to entertain enough people to allow it to show a profit. The only reason anyone made what the writer wrote into a movie, because they felt this it would make money.
Of course, there are always exceptions to a rule, that ís why 1 say “If not every decision, a majority of them”. Somewhere out there may be a songwriter who just writes songs because he enjoys it, not because of money matters.
1 don’t think that having money as the motivation to most decisions is bad, that’s just the way it ís. There are a lot of good things that come from money-based decisions. It’s all about profitability
The Term Paper on Science Fiction Films Movie Film Made
... was followed up a year later by two movies made half-a-world apart, Them (Warner) about ... too dangerous not to give them control, a decision that clearly reflected the majority of public ... were any range of inventions intended for good purposes but turned to evil.Ernest B. Schoedsack's Dr. Cyclops ... stealing the movie from Raymond Massey as the reasoned, thoughtful hero. Things To Come lost money on ...
Money in general has 3 main uses. The first and most important is medium of exchange – that is something people will accept for their goods or services. Without a medium of exchange people would have to trade their goods or services directly for other goods or services. A modern country could never function without a medium of exchange. The second use of money is that is serves as a unit of account. People state the price of goods and services in terms of money. In the United States, people use dollars to specify price, just as they use hours to express time and miles or kilometers to measure distance. The third use of money is as a store of wealth. People can save money and then use it to make purchases in the future. Other stores of wealth include cold, jewels, paintings, stock and bones.
The 1990s kick-started a new culture in the world – a culture in which lavish consumption is encouraged as the way to self-fulfillment.
With material goods such as cars and computers obsolete almost as soon as they are sold, we experience a rapid tumover of objects and an equally rapid tumover of our desires. We are taught to live in order to maximize our own, immediate pleasure. «Too much is never enough». I’m thinking about this animal called materialism The urgent need to own more and more. Our minds are trap us into a cycle ofdesiring, buying and desiring again.
With ownership comes the fear of loss of ownership. So we build higher walls, buy bigger locks. There’s a whole industiy built on our fear of loss of possessions.
In our urge to maintain financial security, we often sacrifice our prospects of a career better adapted to our personal needs and interests.
Of course we need “things” – they provide physical comfort and even happiness. A materially comfortable life is certainly lot something to be opposed. But these things fulfíl temporaiy needs and it is when we place too much importance on material possessions that we face emptíness, or what some call spiritual poverty.
But have you ever imagined what would happen if there were no money in the world? Evidentiy, speculatíons upon thís topic sound naive and contrived because nowadays money is an integral part of our everyday life and one does not need to be an economist to realize that anyway such an objective phenomenon as money would appear. There is also evidence that money makes the world go around and willy-nilly we have to take it for granted.
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Why do bad things happen to good people? Why do good things happen to bad people? These two questions have bewildered mankind throughout the centuries. Even the greatest philosophers and theologians have yet to develop a concrete answer. Philosophers, theologians, and even religious leaders have developed many hypotheses. Some of these hypotheses support each other while others conflict. It is for ...
Whether you are young or old, regardless of your occupation, your lifestyle or your family status, money is of paramount concem to all of us.
But still it shouldn’t be the number one priority. Lets look the other way around, the spiritual one. The Bible says : ” What good will it be for a man if he gains the whole world, yet forbids his soul? Or what can a man give in exchange for this soul?”
People are not free to make moral decisions.
... determinism is more valid. Soft Determinists recognise that we can make a decision freely that is coerced but the choices in themselves ... soul then what causes the soul. Hard determinism states that people do not have free will to act in moral ...
Time to make a decision
... the military service. This decision allowed me ... people would have the guts to move to a different country to enhance their education. Adjusting to a world ... cannot forget the good times and ... and learn that life is short. I ... Doing so would make me believe ...
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... world and make people get closer with each other, not to isolate people. Moreover, phones are not good ... drive, it does make life more convenient, ... can provide you services such as ... the least, money is always ... movie theatres, which may disturb people ...
Good Guy Movie People Movies
... make-believe world. In a way movie makers are at fault for these people believing they could relive scenes from a movie. Movie makers cast normal people ... not only show the exciting parts of a movie where the good guy gets away, but also the result of ...
Braveheart -Movie vs. Real Life
... Braveheart was a quite informative and entertaining movie that showed a good idea of the life of William Wallace. However there were ... factual than possible. No matter what it was still a good movie, and I would recommend it to somebody wanting to ...
How People Make Economic Decisions
... officials make decisions every day. These decisions make the economy; people make choices about how to spend his or her money to ... make it easier to trade, and with government intervention, some trading can be controlled. When produce goods and services ...
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What are the roots of the Israel-Palestine conflict?
Recent events are the culmination of a decades-long clash in the disputed region of the Middle East
- Israel and Palestine: a complete guide to the crisis
As with almost everything to do with this conflict, it depends on whom you ask. Some will begin with the Romans. Others will start with the late 19th-century Jewish migration to what was then the Ottoman Empire – to escape the pogroms and other persecutions in eastern Europe – and the rise of Zionism. Or the Balfour declaration by the British government in 1917 in support of a “national home for the Jewish people” in Palestine and the ensuing conflicts with Arab communities there.
But the starting point for many people is the United Nations’ vote in 1947 to partition land in the British mandate of Palestine into two states – one Jewish, one Arab – following the destruction of much of European Jewry in the Holocaust.
Neither the Palestinians nor the neighbouring Arab countries accepted the founding of modern Israel . Fighting between Jewish armed groups, some of which the British regarded as terrorist organisations, and Palestinians escalated until the armies of Egypt, Iraq, Transjordan and Syria invaded after Israel declared independence in May 1948.
With Israel’s new army gaining ground, an armistice agreement in 1949 saw new de facto borders that gave the fledgling Jewish state considerably more territory than it was awarded under the UN partition plan.
What happened to the Palestinians who were living there?
About 700,000 Palestinians were expelled or fled – about 85% of the Arab population of the territory captured by Israel – and were never allowed to return. Palestinians called the exodus and eradication of much of their society inside Israel the Nakba , or “catastrophe”, and it remains the traumatic event at the heart of their modern history.
Arabs who remained in Israel as citizens were subject to official discrimination. They were placed under military rule for nearly two decades, which deprived them of many basic civil rights. Much of their land was expropriated and Arab Israeli communities were deliberately kept poor and underfunded.
What is the Palestine Liberation Organisation?
In 1964, a coalition of Palestinian groups founded the Palestine Liberation Organisation under the leadership of Yasser Arafat to pursue armed struggle and establish an Arab state in place of Israel. The PLO drew international attention to its cause with high-profile attacks and hijackings.
How did the occupied Palestinian territories become occupied?
In 1967 Israel launched what it said was a pre-emptive defensive war against Jordan, Egypt and Syria , as they appeared to be preparing to invade. The attack caught Arab governments by surprise and saw Israel achieve rapid victories including seizing the Sinai peninsula and the Gaza Strip from Egypt, the Golan Heights from Syria, and the West Bank and East Jerusalem from Jordan.
The six-day war was a spectacular military success for Israel. Its capture of all of Jerusalem and newly acquired control over the biblical lands called Judea and Samaria opened the way to the construction of Jewish settlements in the West Bank, which became central to the conflict. Israel placed the Arab population of the West Bank under military rule, which is enforced to this day.
When did Hamas enter the picture?
The PLO was a generally secular organisation modelled on other leftwing guerrilla movements of the time, although most of its supporters were Muslim.
Islamist groups such as the Muslim Brotherhood had previously avoided armed conflict and were largely dedicated to working for a more religious society. But that position shifted under the leadership of Sheikh Ahmed Yassin , a charismatic quadriplegic living in Gaza who helped found several Islamist organisations in Gaza including Mujama al-Islamiya, which won support by establishing a network of social services including schools, clinics and a library.
Shortly after the outbreak of the first intifada, Yassin used support for Mujama al-Islamiya as the foundation for the formation of Hamas in 1987 in alliance with other Islamists.
Israel has always denied encouraging the rise of the Islamist movement in Gaza but it saw the groups as a way of undermining support for the PLO and recognised Mujama al-Islamiya as a charity, allowing it to operate freely and build support. Israel also approved the creation of the Islamic University of Gaza, which became a breeding ground of support for Hamas.
What was the first intifada?
Israel regarded the Palestinian population under its control as largely quiescent even as it went on expanding Jewish settlements in Gaza and the West Bank and expropriating Arab land. Palestinians were also treated as a cheap source of largely manual labour inside Israel.
That illusion was shattered in 1987 as young Palestinians rose up. The uprising was marked by mass stone throwing. The Israeli army responded with large-scale arrests and collective punishments.
The intifada is largely recognised as a success for the Palestinians, helping to solidify their identity independently of neighbouring Arab states and forcing Israel into negotiations. It also strengthened Arafat’s hand to make compromises with Israel, including adopting the principle of a two-state solution.
Whatever happened to the peace process?
As the first intifada wound down in 1993, the Oslo peace process started with secret talks between Israel and the PLO. Israel’s prime minister at the time, Yitzhak Rabin, signed an agreement with Arafat aimed at fulfilling the “right of the Palestinian people to self-determination” although Rabin did not accept the principle of a Palestinian state.
The Oslo accords established the Palestinian National Authority, granting limited self-governance over patches of the West Bank and Gaza Strip. Further negotiations were intended to resolve issues such as the status of Jerusalem, the future of the Israeli settlements and the right of return for the millions of Palestinians still classified as refugees after their forebears were never permitted to return to their homes.
Some prominent Palestinians regarded the accords as a form of surrender while rightwing Israelis opposed giving up settlements or territory.
Among Israelis, the political charge against Oslo was led by the future prime ministers Ariel Sharon and Benjamin Netanyahu , who fronted rallies at which Rabin was portrayed as a Nazi. Rabin’s widow blamed the two men for her husband’s assassination by an ultranationalist Israeli in 1995.
What caused the second intifada?
Peace negotiations sputtered along until the failure of Bill Clinton’s attempts to broker a final deal at Camp David in 2000, which contributed to the outbreak of the second intifada . The uprising was markedly different from the first intifada because of widespread suicide bombings against Israeli civilians launched by Hamas and other groups, and the scale of Israeli military retaliation.
By the time the uprising ended in 2005, more than 3,000 Palestinians and 1,000 Israelis were dead.
The political ramifications of the intifada were significant. It led to a hardening of attitudes among ordinary Israelis and the construction of the West Bank barrier. But it also prompted the prime minister Ariel Sharon to say that Israel could not go on occupying the Palestinians’ territory – although he did not say that the alternative was an independent Palestinian state.
Is Gaza still occupied?
One consequence of the second intifada was Sharon’s decision to “disengage” from the Palestinians beginning in 2005 with the closing of Israeli settlements in Gaza and parts of the northern West Bank. It is not clear how much further Sharon would have gone with this policy as he had a stroke and went into a coma the following year.
The status of Gaza since the disengagement remains disputed. Israel says it is no longer occupied. The United Nations says otherwise because of Israel’s continued control of airspace and territorial waters, and also access into the territory, along with Egypt. Israeli has also blockaded the enclave since Hamas came to power in 2006.
In addition, many Palestinians in Gaza do not see themselves as a separate entity from the rest of their territories in the West Bank and East Jerusalem and so argue that as a whole they remain occupied.
Why does Hamas control Gaza?
Hamas won the 2006 Palestinian legislative elections in part because of a backlash against the corruption and political stagnation of the ruling Fatah party. The Hamas leader Ismail Haniya was appointed prime minister. Israel began arresting Hamas members of the Palestinian parliament and imposed sanctions against Gaza.
Deteriorating relations between Hamas and Fatah resulted in violence. An agreement to form a national unity government fell apart and Hamas led an armed takeover of Gaza while Fatah continued to control the Palestinian Authority in the West Bank. There have been no elections since.
Hamas has continued to attack Israel from Gaza, mostly using rockets until the latest ground incursion. Israel has maintained a tight blockade of the territory which has contributed to deteriorating living conditions and deepening poverty.
Where are we now?
Although western governments still pay lip service to a two-state solution, there has been no progress toward an agreement under Israel’s longest-serving prime minister, Benjamin Netanyahu , who has repeatedly said he will never accept a Palestinian state.
His present government includes far-right parties that openly advocate the annexation of all or part of the West Bank to Israel and the continued governance of the Palestinians without full rights or the vote. Israeli and foreign human rights groups say Israel has increasingly carved out a form of apartheid in the occupied territories.
The killing by Hamas of more than 1,400 people in Israel, and retaliatory Israeli airstrikes on the Gaza Strip, which Palestinian authorities say have killed more than 10,000 people, have moved the conflict into uncharted territory.
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