History of Money Essay Sample
Interesting and challenging articles about topics related to money appear regularly in serious news
publications. (Some samples are: The Economist, The Guardian, The Observer, Wall Street
Journal, Financial Times, New York Times, Washington Post… and there are many others. Some
offer free public access; others you can find online via the Humber library).
1. Choose an article about money that appeared in one of those publications in the past year and
that you find interesting, important, or puzzling.
2. Write your own summary of the argument presented in the article.
3. List three (3) things you found puzzling you in the article, or that you did not fully understand.
4. For each one of those, do some extra research and write a short explanation.
5. Attach a copy of the article you chose as an Appendix to your assignment.
History of money
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Summary
Murphy’s article, “Love and Money- and How They’re Connected,” discusses how a person’s relationship style is directly related to how they approach money. According to psychological, behavioral, and neuroscience findings, the extent to which one is secure and established in a relationship mirrors how one is stable and confident about their finances. Understand this relationship requires one to conduct an in-depth analysis of their relationships, starting with the one with parents.
Kate continues that to understand this attachment; there is a need to consider the attachment theory. The theory argues that every person has an interpersonal attachment style that continues from secure to insecure, and most people tend to lean towards the insecure side. There are three attachment styles. One is the needy people for love who use their money to be loved and appreciated by others. Two are the anxious people in love who tend to go overboard with money, such as paying for meals, lending out large sums that they never get back because they cannot say no. People with avoidant issues in relationships are another category who needs to be self-sufficient by saving a lot and tend to control a situation if they are paying for it.
According to Daniel Crosby, a psychologist and behavioral officer, a person’s upbringing contributes to their behavior with money. Depending on one’s upbringing, money can be a source of protection, safety, control, prestige, power, rejection, or weakness. These associations develop early in life and are difficult to eradicate. He continues that considering money issues as private is another contributor to one’s behavior with money. People tend to tal...
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