Premium Essay

Inside Americas Money

In:

Submitted By juliefdz
Words 421
Pages 2
Julieta Fernandez
BNKG 1340

Inside Americas Money Vault National Geographic Documentary Money is a current medium of exchange in the form of coins, cash, gold, etc which before in the old time money did not exist, and the way people would pay it would be with cattle, cows or any types of goods. Later on the coin exchange started and as the years passed and time progressed banks and more types of money exchange were created. Money is the main reason businesses and many other things work after all the world revolves around the money since is the most important thing. The worth of the money it all depends on trusts. In the documentary it talks about the money and how it works and helps you be more informative. The money is control in one place which is the central bank of the United States in other words the Federal Reserve System. The Fed like is informally called started when the United States was founded and it was mostly because the U.S wanted to repay all the debt they owed. The central bank of the United States is responsible of what happens with the money and how is being used and its the main reason why it is always protected. Besides cash they also carry gold and nearly twenty five percent of that is at 23 Liberty St. The gold is used in different ways some it could be jewelry and also the gold is everywhere and is bought in many different places. In 1907 there was a massive crash that it almost annihilated the economy and there was nothing that the government could do about it and it wasn’t until J.P Morgan helped. He was a billionaire who later on created his own private bank. The Federal Reserve System also helps banks in trouble lending them money which is called short term loans. The Fed doesn’t spend government money they sell assets in the market which they are treasury bonds. When they loan money those loans need to be repay

Similar Documents

Premium Essay

Police Job Narrative

...I Panchito was sitting in the police officers car driving through broadway heading towards Santa Maria High school to go pick up Roberto. As the police officers went inside and came back out I did not see Roberto I saw another Mexican boy. I was in the back seat with the other guy nervously bitting my nails and repeatedly having to wipe the sweat off my forehead with my hands, I over hood the officer say they could not find Roberto. As we got to the police station I saw my dad, mom and the rest of my family except for Roberto. While all my families faces were in fear and shock we were all sent back to Mexico. We were living in our old house we left behind, as I walked in, there was something unusual "Mama where are our belongings we left behind?"...

Words: 802 - Pages: 4

Premium Essay

Migration for Success

...JOURNEY TO AMERICA In African countries as a whole, and most especially in Nigeria where I came from, people view America as the best place in the whole world. A place that is second to heaven, a country that is filled with money, a place that is full of life and enjoyment. People literally think that dollars fall from the trees in America, that’s why getting American Visa is like securing a ticket to heaven. So it is a very big blessing for any family to have one of their son or daughter migrating to America. But for me, it was a little different. It was 8:15am to be exact on sep. 3rd 1999; the sun had raised as usual, the beam from the sun light pierced though the blinds casting a big round shadow at the edge of the wall where my bed was located and I knew that it was time to get up. My room mate and also my best friend Abel has gone down stairs to check the mail box and I reluctantly get up from my bed to take a shower getting ready for classes. As I was in the shower with soap all over my entire body and face, I heard Abel screaming my name Mo! Mo! Mo! With the sound of his heavy foot steps running upstairs. I couldn’t really understand what he was saying, all I could hear was my name mixed with the word “America”. At first , I thought that the school was under attack by Americans, so I grabbed my towel with one eye closed because soap was dripping into my eyes and ran towards the living room were we both meet and he said “congratulations you are going to America, you’ve...

Words: 1186 - Pages: 5

Premium Essay

Kim Jong Un Research Paper

...say OH NO I WANTSN’T BORN TO BE A LEADER SO I CAN BE ON HELP MEEEE! Not true at all no bone is born a leader it is earned. Let’s take Kim Jong UN and President Obama. Kim Jong UN was born into power but he I not a great leader. No he is horrible. He hasn’t done anything good for North Korea and that’s not good leader ship. Yes I said anyone could be a leader he has the chance to do good all he needs to do is act. He can make the place a better place it’s up to him to find that great leader inside of him which is inside of everyone. Now let’s go to the other side President Obama. He has all the characteristics that make a great leader. He is honest he has a great inspirational voice he doesn’t do it for the money… well it is a plus having the money but that’s beside the point he made and is still making America a better place for everyone not just the rich or the poor. And he shows what I said before when someone isn’t born a leader it is earnt. He is the first black president of America showing that anyone can be a leader and all you have to do take those chances. And he toke them. Probably going through all the racism. But that didn’t stop him he failed and got straight back up and became the leader he earned. I got a story for you. Earlier on, Alex mention rocky, now rocky is the classic rags to riches success story and yes, it is a movie but it is based loosely upon a match that Sylvester Stallone watched one day were an amateur boxer took on the world heavy-weight champ...

Words: 1004 - Pages: 5

Free Essay

Occupy Wall Street Movement

...Occupy Wall Street Movement Holly Hyder Professor Zimmerman Business Ethics July 28, 2013 Occupy Wall Street Movement In the fall of 2011 there began a movement in America. This movement would forever be known as Occupy Wall Street. Taking over Liberty Square in the Manhattan Financial District in New York, a group of Americans began a nonviolent protest over the economic state in America. One of the stances that Occupy Wall Street held was that 99% of American’s economic well-being was controlled by the top 1% of Americans. This economic truth would no longer be accepted by this group of Americans. This group also called for solidarity inside of the 99% of Americans defining this in a set of principles. These principles involved a direct and transparent engagement of participatory democracy, exercising responsibility on collective and individual levels, empowerment of each other against all oppression, redefining how labor is valued, the sanctity of individual privacy, that education is human right, and that all knowledge, technologies, and culture be open to free access, creation, modification, and distribution (Stone, 2011)). Together in this movements solidarity they came together in New York to speak out about the injustices that they have suffered at the hands of corporations. These facts were that homes had been placed in foreclosure without the original mortgages, bonuses have been given to executives after corporations have received bail outs from taxpayers, the...

Words: 1960 - Pages: 8

Premium Essay

Rhetorical Analysis Of The First Fireside Chat

...The First Fireside Chat America had not seen much prosperity until the 1920s. Ever since the beginning of industrialization, taking place at the end of the nineteenth century, the economy had been in good shape. Life seemed great for many American citizens, until the “Roaring 20’s” started coming to an end. America entered into the Great Depression and this came as a shock to many. This led to a series of hard times for Americans. The nation quickly became desperate and close to the edge of panic throughout the years of the Depression. Banks, in particular started to fail at alarming rates in the early 30s. By March of 1933, the collapse of the nations financial system had, arguably, become the nations biggest issue. America had, in a sense,...

Words: 1981 - Pages: 8

Premium Essay

Japanese Economic Miracle

...across the pacific regions. If no governmental changes or outside influence occurred it could have ended up as a Soviet state. This led to American intervention to stop the Soviet Union gaining more power and to rebuild Japan. America started off the rehabilitation by occupying the country giving aid and assistance which was followed up by interventionism by the Japanese government leading to huge privatisation and capital projects funded by Japanese businesses encouraged to invest; kick-starting an economic rejuvenation. How each stage of the recovery is implemented will be discussed in further detail in each section including American Intervention, Japanese government intervention, MITI (Ministry of International Trade and Industry)/Keiretsu and the overview of the ‘Golden Sixties’. American Intervention The American government under order of SCAP (Supreme Commander of the Allied Powers) intervened by occupying Japan to prevent Soviet communism from commencing and to help rebuild the Japanese economy with a view to democratize and demilitarise the country. Special procurements were paid to the Japanese government due to military hostilities in the Korean Peninsula boosting the economy these payments amounting to 27% of Japans export trade. America added Japan temporarily to GATT (General agreement on Trades and Tariffs) to help expand their export / import potential creating a benefit for the economy. Land reforms were instigated to benefit farmers and reduce power of landowners...

Words: 1472 - Pages: 6

Premium Essay

Supply Chain

...impact of the recent mortgage crises on the Money Supply in the United States? Relevancy of the topic to Money and Banking Concepts Mortgage crises have a major impact on Money and Banking concepts. The mortgage crisis was a result of too much borrowing and flawed financial modeling, largely based on the assumption that home prices only go up. This topic is related to money since bank offered easy access to money to everyone. Borrowers got into high risk of loans because of low income generated throughout the year. Most of the mortgages were filled without any documentation. This generated fraud among borrowers and lenders and mortgage crises came alone. Annotated Bibliography Justin, P. (2013, November). Mortgage crisis overview. Retrieved from http://banking.about.com/od/mortgages/a/mortgagecrisis.html. The author Justin describes mortgage crises in brief detail in this article. This article will be helpful in the research of recent mortgage crises because it describes everything in detail, for example the American Dream of the housing society and the easy money of mortgage crises. It identifies how mortgage crises was developed and how did it start. Matt, B. (2013, February 8). America underwater: The mortgage crisis in data. Retrieved from http://www.marketplace.org/topics/business/which-way-home/america-underwater-mortgage-crisis-data Matt, in this article talks about the all the data of the mortgage crises and how America went under water in the mortgage crises...

Words: 498 - Pages: 2

Premium Essay

Ethnic Groups and Discrimination

...Ethnic Groups and Discrimination I am an African American. African Americans came to America in a few different ways. The majority of African American were captured from Africa and shipped over to the United States to be sold inside slave trade. Cotton was a big business in the United States and a lot of times land owners would have too much land for them to work so they would hire slaves to work the land for them. They didn’t pay the slaves money; instead they used fear to motivate the slaves to work as hard as possible. With this type of strategy going on African Americans quickly began to be seen as less than human and far less equal to the white men. Over time this began to grow into a dislike and hatred against African Americans who were living in America. Soon the north part of the United States began to change their views on African Americans and start to realize they that also should be counted as being equal people. The civil war broke out and African Americans eventually ended up gaining their freedom. After African Americans gained there freedom they still had a lot of complications that they needed to overcome. White people felt like they were much better than the African Americans so they began to have disgust towards African Americans. African Americans weren’t allowed to go to the same schools as white people, drink out of the same water fountains, and many other things. Groups were formed like the Ku Klux Klan that openly showed hatred for the African Americans...

Words: 966 - Pages: 4

Premium Essay

Exceptionalism

...When we explained we were not orange shirt Ukrainians here to overthrow the government, but Americans, the stick came down, and she welcomed us openly. I sure was glad I wasn’t from the Ukraine right then, I didn’t yearn for a beating from an elderly Belorussian any more than you would. But it meant more than just that. It was a history we were touching. Another elderly woman we met there was freed from a concentration camp by American soldiers during the second world war and implored us to thank a soldier at home. They admired America. So what gave so many all over the world such respect for our nation? It all started with that group of men in Philadelphia over 200 years ago. One of our founders, Jonathan Whitherspoon, recognized how different America was from the rest of the world and warned that: “A republic, once equally poised, must either preserve its virtue or lose its liberty.” (Congressional Record.) To understand what made America Exceptional I must answer two questions: What is virtue? And: Where does it come from? Virtue is literally means moral excellence. (Virtue – Definition.) Now what is moral has been perplexing and vexing philosophers and theologians for centuries. A commonly accepted understanding of morality is an absolute framework of right and wrong. Things such as murder, theft, and vandalism, are inherently immoral. But one thing that has been questioned even more is, where do we get our understanding of morality? Do we define it, or is there...

Words: 1239 - Pages: 5

Free Essay

Defiance of Patriots

... The Boston Tea Party was shaped by events that occurred inside and outside North America and had nontraditional actors; poverty in Bengal, pressure from New York and Philadelphia, Native Americans, and the youth all played roles in causing the tea protests. In Bengal the East India Company was administrating the country and their greed drove the country into poverty, hardship, and starvation. Pressure from Philadelphia and New York put on Boston to hold true to their non-importation agreement, including a ban on tea, helped motivate actions for the Boston Tea Party. The Native Americans played a nontraditional role for the protesters in Boston because of what they symbolized. The youth of Boston were another example of nontraditional actors that helped shape what the protests became. Boston faced many struggles as a town, from being heavily taxed to having their port shut down. Citizens of Boston never gave up the hope of freedom and they came together as a town to fight for what they thought was just.. The East India Company was in Bengal, today located in India, and they were administrating the colony for the British government on a charter granted to them. In the year 1769 not a single drop of rain fell, rice was 20-50 times higher the normal price, an estimated 1.2 million died, and citizens were driven into poverty, this was called the Fall of 1769. The East India Company was only in Bengal to make money, and regardless of the well being of the people the East India...

Words: 1267 - Pages: 6

Premium Essay

Personal Narrative: Operation Enduring Freedom

...Inside I was terrified, I could feel my stomach quiver and my mind went blank. But I refused to show my fear. Once I put on that uniform I was superman reborn. February 12, I arrived in Afghanistan. A total culture shock. No functional electricity, no running water, no restrooms, no stone built houses. How did these people live? Seeing children playing in contaminated water for fun, men struggle to find work while their wives struggle to find food to eat, families freezing at night due to not having heat inside of their mud huts. My heart ached. I had found a new love and more appreciation for the American culture. The American population sometimes takes their glamorous lives for granted. They do not understand how great it is to live within the US and not in a 3rd world country. You have people complaining about the economy, the cost of living, etc., when there’s people fighting to survive to the next day. But this is not the only pain I felt while serving my country. I also endured the pain of...

Words: 1148 - Pages: 5

Premium Essay

Still Separate, Still Unequal

...Still Separate, Still Unequal Segregation is a topic that has been discussed for decades. Segregation in schools wasn't really dealt with. The government basically disguised it and kept it away from the public. Brown V. Board of Education, Plessy V. Ferguson, and Jim Crow Laws was the cover, but it didn't solve anything. Segregation isn't just about race, it's also financially. When money is involved in the situation there's a major advantage. Johnathan Kozol talks about how we're still separate, and unequal. Johnathan Kozol touched on some really great points, when it came down to gproving how we're separate, and unequal. Kozol digs a little deeper to back up his word on being separate and unequal. In the following paragraphs I will summarize Kozol's article "Still Separate, Still Unequal" and continue on what needs to be done to solve this problem. Many people wonder do segregation still exist, but not many people want to investigate. Jonathan Kozol, did a little more than investigate. Jonathan Kozol pointed out, in most poor neighborhoods the schools have mostly black and Hispanic students (348). The percentage of blacks and Mexicans students were higher than fifty percent. There was a teacher who was 65 years old who taught at a majority black school stated that "Out of eighteen years, this is the first white student I have ever taught" (348). It's not very common that white students attend underclass schools. Kozol stated that there is a school in New York City named...

Words: 1648 - Pages: 7

Premium Essay

Statue Of Liberty Research Paper

...The Statue of liberty is a very well-known statue ,it has made many impacts on different kinds of people. The statue not only resembles liberty, hope, and freedom but it also comprises a friendship between the French and America. The Statue of Liberty has its own features which make it historical, the hard work put into the process of building it later paid off because The Statue of Liberty is now a great symbol for the United States. It all started when the United States was going to celebrating their 100th anniversary of Independence from Great Britain. When a French man named Edouard de Laboulaye proposed to build a statue for the Americas. Laboulaye idea was proposed during a dinner party, and a man who attended this party was interested...

Words: 1094 - Pages: 5

Premium Essay

Thirteen Colonies Characteristics

...The Thirteen Colonies, starting 1775, were British states following the British empire on the east coast of North America which had been established between 1607 (Virginia) and 1732 (Georgia), extending from New England toward the northern border of the Florida’s (British East and West Florida). They had fundamentally the same politics, and were commanded by Protestant English-speakers. The thirteen colonies were: Delaware, Pennsylvania, New Jersey, Georgia, Connecticut, Massachusetts Bay, Maryland, South Carolina, New Hampshire, Virginia, New York, North Carolina, and Rhode Island and Providence Plantations. You can see them in the map below. The Kingdom of Great Britain in London rehearsed a strategy of mercantilism. It regulated the colonies...

Words: 992 - Pages: 4

Premium Essay

Speech At Riverdale Church

...In his speech at Riverdale Church in New York City, Martin Luther King Jr. conveys a strong stance against the unjust war in Vietnam. He believes that the America should end the war in Vietnam, and he implores readers to consider the relation between the war and their lives, as well as America society. To buttress his argument, King deftly employs personal anecdote, descriptive writing that directly addresses the readers, and acknowledgment of counterarguments. In his first paragraph, the author draws the connection between war in Vietnam and the fight against poverty in the US. He points out that the money which the government should spend on rehabilitation of its poor is spent on the unnecessary war in Vietnam. According to the author, a lot of people in the US are struggling due to the poverty, and there were some chances, some improvements, some hopes for them; however, the government uses that money for an useless purpose: Vietnamese War. He shares “I knew that America would never invest the necessary funds or energies in rehabilitation of its poor so long as adventures like Vietnam continued to draw men and skills and money like some demonic destructive suction tube.” The hyperbole he...

Words: 572 - Pages: 3