Sample answer - Structure to help your research process
Title: Evolution of Money: From Barter to Mobile Payments
Introduction
- Brief overview of the concept of money and its importance in human societies.
- Thesis statement highlighting the evolution of money through various forms.
Section 1: Early Forms of Currency
- Introduction to the barter system and the limitations it presented.
- The emergence of commodity money (e.g., cattle, shells, salt) as an early form of currency.
- Discuss the advantages and challenges of commodity money.
Section 2: The Birth of Coins
- The development of metal coins as a standardized form of currency.
- The role of governments and rulers in coin minting.
- Advantages of coins in facilitating trade and commerce.
Section 3: Paper Money and Banking
- The transition from commodity money and coins to paper money.
- The establishment of early banking systems and the issuance of banknotes.
- Historical examples of early paper money from different regions.
Section 4: Rise of Plastic Money
- Introduction of credit cards and their impact on transactions.
- The evolution of debit cards and their widespread use.
- Advantages and concerns related to plastic money.
Section 5: The Digital Revolution
- Introduction of digital currencies and online banking.
- The role of technology in the shift towards mobile payments.
- Exploring the rise of cryptocurrencies like Bitcoin.
Section 6: Mobile Payments and Beyond
- The growth of mobile payment systems and digital wallets.
- Impact of mobile payment apps on traditional banking.
- Future trends in the evolution of money.
Conclusion
- Summarize key points in the evolution of money.
- Reflect on the societal impacts of these changes.
- Consider the potential future developments in currency.
References
- Citations for historical texts, academic articles, and reputable sources.