Discover the correlation between credit card expenditure and multiple internal factors
Click the Poster to View Full Screen, Right click to save image
Yuning Xiang
CoPIs:
Zhou Weikai, Zheng Haoyun, : Liu Xiaonan
College:
College of Business and Public Management
Major:
Management
Faculty Research Advisor(s):
Chen Meng
Abstract:
This report explores the transformation of money from barter systems to digital currencies within the context of economic and political influences. It traces the evolution from commodity money, influenced by productivity and societal needs, to representative money, which eased large transactions and cross-region trade. The narrative continues through the advent of fiat money, unbacked by physical commodities but assured by state credit, to current digital and electronic forms of currency. The study emphasizes the drivers of monetary change, such as technological advancements and shifts in political power, highlighting how money has transcended its traditional functions to become a more direct means of resource allocation. The report suggests that as technology and productivity continue to advance, money will evolve into new forms, adapting to the changing economic landscape.This report examines the historical transformation of money, from primitive bartering to modern digital forms. It assesses the progression from tangible commodity money, through representative money facilitating trade, to fiat money backed by government decree. The document further considers the impact of technological progress and political shifts on monetary evolution. It postulates that as society advances, money will continue to evolve, reflecting changes in economic structures and needs.