Directed Freewrite P. 455

Money has always been a central part to our society. Economics is talked about in relation to government, social class, peer groups, etc. Humans work to make money to support their families and take care of the necessities; food, water and shelter, but we are always looking for more money to take care of our wants; fancy cars and expensive clothes. People that ventured in to the discipline of finance want to better understand the science of money; they realized that other people may also be curious about their banking and investments.

The discipline of finance really started to grow after World War II. America had a huge growth of the work force due to women starting to work and the machinery and technology was growing at a rapid rate. Americans were making more money and needed to be educated about this new money. This is where finance comes in – scientist of finance set out to use advanced mathematics and risk formulas to aid the banking companies. Finance analyzes the variables that affect money and investments in order to uncover discrepancies in the banking process.

Because of the growth in the interest of finance, practitioners of this discipline were able to break their way in to academia; teaching a new wave of students the ropes about finance. The academic side of finance opened up new job opportunities and a whole new realm of economics.