10 things that would happen if all the money disappeared
Historians believe that metal objects used as money were first realized in 5000 BC. From that moment until now, they have evolved. Humanity has created coins, banknotes, debit and credit cards, and online currencies. We live around money, and money controls our lives. This means that if all the money in the world were to suddenly disappear, we would have to deal with the consequences almost immediately.
We examined the impact of money on society and came up with 10 consequences that would occur if they disappeared.
10 PHOTOS
1. Less war and more peace.
Some of the most famous wars have been around money control.
2. There are no homeless people.
Some people believe that housing should be a universal right. However, our society is still a long way from making this concept a reality, and we continue to see rent prices rise, and people without money are homeless.
3. Reduction of materialism.
Many people believe that materialism is the same as the love of money. With this way of thinking, if there were no money in the world, materialism would end, because there would be no money left.
4. Luxury would cease to exist.
Luxury products, the latest technology, or travel will no longer be luxurious as everyone has a better chance of purchasing things. Irrational consumers would also cease to exist.
5. Uncertain ways of trading goods.
The extinction of money would mean a return to direct trade. People will have to exchange their goods for other goods in person.
6. Online shopping will disappear.
Online shopping is in constant growth. However, the disappearance of money will lead to the end of online shopping. People will also not be able to trade goods online.
7. Changes in employment.
If the money disappears, we will see 2 possible employment scenarios. Either people will go to work happy because they don’t have to work that long to get the extra money, or people just don’t go to work because they don’t have any money-related goals, so there’s no point in their work. ...
8. The world would be less connected.
Lack of money would mean no trade agreements between countries and no global economy. Organizations like the European Union will be hit hard by this. Countries may tighten their borders, making it harder for people to travel to other countries.
9. Less difference between rich and poor countries.
If there were no money in the world, these differences would also disappear.
10. Less corruption and exploitation.
The disappearance of money will reduce the level of corruption and exploitation of workers. Money will no longer participate in payments, and the rich will no longer be considered so rich. Workers won't allow themselves to be exploited so easily.