EOC WEEK 3

Some say money is the root of all evil; others may believe that it leads to the pursuit of happiness. However, the value of the American dollar has gone through its ups and downs quite dramatically over the past couple of years. In my opinion, the society that we live in today is constantly affected by the importance of our currency. For example, a strong dollar can open up more opportunities for businesses and the American citizens. On the other hand, our country primarily imports a large amount of goods and services, opposed to exporting. Just imagine if you were to take a trip out to Europe and your dollar was worth more than their currency due to the exchange rate. According to - http://www.x-rates.com/calculator.html - 1.00 Euro is actually worth $1.31 in US Dollars. To be honest, I believe that a weak dollar would benefit the economy due to the recession that we are currently in. This would give us a better chance of exporting rather than importing. In my eyes, the possibility of trade would improve simply because the exporting countries are in charge of paying for the exports. Over the past couple years; thousands of people across the nation have either faced a period of unemployment or have lost their job positions completely. I suppose that when there is an increase in value, the rate of people getting fired raises as well. We may be living in hard times right now, but as we all know, history does repeat itself. To wrap things up, in order to have an equal balance in our economic system, we have to find a medium or a constant value for the dollar.