Why was gold and silver used as currency or a means of exhange. What is valuable about them? Inherent Value? Use? Stady Supply? Historical factors or human psychology ? Explore

Paper on financial History course. Requires knowledge of terminology of finance, history of finance, economics, history etc. The paper shpuld explore origins of Value, minerals and mining, the relationshop between currency/ value, minerals and the state(s) that produces them, conquers territory to obtain and everything in between. Was storing them easier? (Lasts long) how was it useful in formation of finance and banking I am giving some ideas. It can explore ancient civilizations to modern dwy europe / asia (sumeria, lydia or even before and after into the modern age) that first used gold and silver and other metals ( copper iron etc before. Compre these minerals and conclude why we ended up favoring gold the most. And why it has more stable value than fiat currencies throughout time. Please Be careful not to confuse gold/ silver and the concept of using coins or currency. They are connected but distinctions hve to be clear. From a utilitarian, cultural / psychologial ( shiny fancy etc) or even briefly metaphysical perspective. Below is the instructions by the professor; PLEASE PAY ATTENTION TO THE SOURCE, citation and Literature requirements. Papers should be done individually, for this class. Each will count for 20% of the grade. Proceed as follows: first, choose and motivate a topic in a 1 page proposal in which you cite at least three suitable, high quality scholarly sources that you expect to use, for 2% of your total grade. Proper citation means include author, title, journal, volume, number, pages, etc. Proposals may be revised as time permits. Your topic should have significant financial AND historical aspects. Some of the best suitable scholarly journals are listed below. Feel free to give or get feedback from classmates concerning your proposal. For each paper, you should expect to use and cite scholarly sources totaling a minimum of 150-200 pages. If you intend to rely heavily on unusual sources, you should check with me beforehand, to make sure that they are suitable. Second, I’ll want you to do a careful reading of your sources, culminating in a synthesis of the academic literature on the topic, and the relevant professional or popular literature. When you have a rough draft (not too rough), I will ask you to post it to Blackboard in the Discussion space. There, you and your classmates will be encouraged to comment on each others papers. I will also grade the draft, for 5% of the total grade. Your comments will be important – you should write a minimum of three (3) substantive comments on other students drafts, consisting of 2 or 3 paragraphs, each. The comments will count for 3% of your total grade. After considering feedback from me, the TA, and/or your classmates, your efforts should result in a complete 2000-2500 word research paper, MAKING SIGNIFICANT USE OF THE SCHOLARLY FINANCE/HISTORY LITERATURE, for 10% of the total grade. Include footnotes, and a complete, annotated, list of sources cited. Feel free to come by my office to discuss ideas. Also, our TA has prepared a list of ideas if you are stumped. We will go through this cycle three somewhat overlapping times, for three short papers. Students will be expected to do at least 2 of the 3. Grades will be determined by the best 2 of 3. There may also be time to discuss your findings in class, depending on the topic. The WID nature of the course requires that students write, rewrite, and get substantial feedback on their writing. That will necessitate a tight schedule and our use of the Blackboard discussion space. Please pay close attention to the schedule constraints in the provisional schedule below. To get ideas, you may want to search ECONLIT, or skim some of the top finance, economics, or history journals. These include: Accounting History, American Economic Review, Business History, Business History Review, Economic History Review, Financial History Review, Financial Management, Financial Review, Journal of Accounting and Economics, Journal of Business, Journal of Economic Literature, Journal of Economic Perspectives, Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Journal of Political Economy, NBER Working papers, Oxford Economic Papers, Review of Financial Studies,… and many, many others. On the other hand, Wall Street Journal, Financial Times, Economist, Business Week, etc. are NOT scholarly journals. While you can use them, they do not count toward the “significant use of the scholarly finance/history literature” required. If you are unsure about a source, check with me early on. Be especially careful with online sources. Some of their creators have surprising or ideological agendas. Fortunately, most of the major scholarly finance journals are available in the library, free online, or via interlibrary loan. Sadly, some journals charge for online versions. Such charges can be easier to avoid if you plan ahead – interlibrary loan takes time, and hard copies are not always on the shelves.
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