Speech

What is money?

Intro: What is money? Is it the root of all evil or is it a means for survival? Well here are a few thoughts about money quoted from singer Pink Floyd’s song “Money” “Money, get away, Get a good job with more pay and your o.k., money it’s a gas, Grab that cash with both hands and make a stash, New car, caviar, Four-star daydream, Think I’ll buy me a football team.” (Floyd)

Topic: Today, I’m going to inform you on what money really isn’t or is. What is that you say? You already know what money is. Well let’s examine the subject a little further in detail.

Preview: #1. The kind of monetary system that was used in ancient times. #2. The reason why these systems were used. #3. The evolution of the current banking system and a brief description of how it operates. #4. Who runs the American currency and how it is created.

I. The kind of monetary system that were used in ancient times.

A. Gold, silver, and copper coins. (Gascigne)

B. Uncivilized or poorer peoples used a bartering system.

II. The reason why these systems were used.

A. The many uses of metal.

B. If you could provide a service to someone, the service could provide wealth for and individual. (Gascigne)

III. The evolution of the current banking system and a brief 
 description of how it operates.

A. The Fiat “paper” money system. (Whitefoot)

B. Why it was created?

IV. Who runs the American currency and how it is created.

A. The Federal Reserve standards. (Whitefoot)

B. Fractional reserve banking

Conclusion:
 Topic Restated: Hopefully the information that has been provided has given you a better understanding of what money really is.

Review: #1. The kind of monetary systems used in old times. #2. The reason why systems were used. #3. The evolution of the current banking system and operations. #4. Who runs currency and how it’s made.

Clincher: The monetary system should be studied more in depth by every person in our country. Money makes the world go around some would say. But I believe money is like beauty it’s in the eye of the beholder.

Bibliography

Floyd, Pink. "Money." By Pink Floyd. 2015.

Gascigne, Bamber. www.historyworld.net. 1 March 2001. Report. 13 March 01-2015 AD.

Whitefoot, John. Federalreserve.org. 12 March 2015. Document. 13 March 2015.