Сочинение money makes the world go round

Обновлено: 05.07.2024

Money makes the world go round, they say. Perhaps it is even truer that the world makes money go round, especially in an era of globalisation when capital can flow freely to and from almost everywhere

Money makes the world go round, they say. Perhaps it is even truer that the world makes money go round, especially in an era of globalisation when capital can flow freely to and from almost everywhere. Money is always looking for places where it will be most profitable and earn the greatest return on investment.

As an individual, you can put your money on deposit in a bank, and as long as the bank doesn’t fail and the economy keeps functioning, you will get interest. Your money is lent out to people, businesses and governments who need it to finance their own projects, perhaps like the ones in the unit case study, and the bank will make its money on the difference between what it pays out in interest on deposits and what it gets in interest from its loans.

If you want to live more dangerously you could buy some bonds, and as long as the organisation or country you’ve invested in by lending it money doesn’t default, you will get your interest payments, and later your bonds will eventually be repaid. To live even more dangerously, buy some shares and share in the profitability of your chosen company. In good times, the dividends will be more than what you would get from bonds, and the shares themselves will increase in value, giving you a capitaL gain if you sell them. But if the company runs into trouble and goes bankrupt, you will be among the last to be paid back, and you may get only part of what you put in, or you may lose all your money.

This illustrates the trade-off between risk and return. The higher the risk of your investment not being repaid, the more you will want it to pay back in return on investment. Venture capitalists like the ones in the unit case study will invest in many different start-ups, knowing that most will fail, but that a few will do reasonably well and one or two will, with luck, hit the jackpot, paying back all the money they lost on unprofitable projects and much more.

From the point of view of investors, the world’s financial markets exist in order to channel money to

profitable investment activities and projects. From the point of view of borrowers such as companies and governments, financial centres exist so that they can find capital on the best terms.

Most investors are not private individuals but institutions like banks, insurance companies, mutuaL

funds (unit trusts in the UK) and pension funds who may, of course, be investing the money of private

individuals indirectly. The markets they invest in include the money and currency markets, stock markets for shares (also known as equities), commodities markets for anything from gold to pork bellies (used for making bacon), and property (buildings and land).

There are also markets for futures in currencies, equities, bonds and commodities: a future is a fixed- price contract to buy a certain amount of something for delivery at a fixed future date.

There are markets for options in currencies, equities, and bonds. Here, an investor buys the right to

buy or sell a certain amount of these things at a certain price and particular date in the future. This is a form of betting on how prices will move.

Some of these markets, like stock markets, are based in particular buildings, some with trading

floors, but most trading is now screen and telephone based. Others, like bond and currency markets, are ‘virtual’, in the sense that selling and trading takes place by phone and computer between the premises of issuers, brokers and traders. (A broker is an intermediary between an issuer of securities such as

bonds, a seller of a property, etc., and potential investors who buy the securities. But with Big Bang deregulation, many brokers of securities are also traders, having their own supplies of securities to sell, and make money on trading or dealing, hence the term securities house.)

CentraL banks like the Bank of England and the European Central Bank are crucial for financial centres because they set basic interest rates (the ‘price of money’), and control money supply (the amount of

money circulating in an economy). Both of these controls have an enormous effect on the economy as a

whole, and on the financial markets, even if the (ink of cause-and-effect between the fundamentats of the real economy and the financial markets is not always clear.

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Money makes the world go round

Money is a universal means of payment and a means of exchange. It appeared thousands of years ago. First people used things like animal skin, shells and whale’s teeth, knives, rice and tobacco, precious metals as money. But it wasn’t easy to carry and store them. The money we use nowadays is made of paper and cheap metals. They are banknotes and coins of different value. Countries have their coins and banknotes. They are called national currencies.

Everybody uses money in our modern world. We all need money, we think about it and work for it. It is difficult to imagine today’s life without banknotes and coins, credit cards. Modern technologies have influenced the way of payment: and plastic cards are becoming more and more popular today and they can be accepted even abroad. It’s really convenient and safe for travelers because you don’t have to carry the money in your wallet or exchange the currency in order to make purchases in foreign countries.

I’ve read in the internet that the quotation « money makes the world go round’ was first used in a musical play ‘ Cabaret’.. The phrase basically means that everything in this world would stop without money. To some extent this statement is true because without money you cannot afford a shelter on your head, have food, go from point A to point B, etc.

Money enables us to afford a better quality of life; more money means bigger and better houses and cars, better quality of products, better entertainment. Another advantage is less stress in paying bills and other household expenses. Money may also allow a person to pursue his dreams, for example travelling.

However, we have made money so central to our lives that we place it above life and even happiness. People begin to forget that there are many things that money can’t buy. It cannot buy good health, respect, love, inner peace. A person can have million in his bank account but still feel poor because he is not content with his life . So to my mind, money and happiness are not synonyms.

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Цели: совершенствование коммуникативных умений, речевая практика рецептивного (чтение , аудирование) и продуктивного (говорение) плана, формирование лингво-культурной компетенции учащихся.

Познавательные: активизировать речевые навыки, развивать умения диалогической, монологической речи и аудирования.

Образовательные: расширить кругозор по теме, познакомить с реалиями языка на примере английских пословиц.

Воспитательные: воспитывать умение внимательно слушать и слышать, уважать другое мнение, пробудить любознательность, творческую активность.

Развивающие: развивать речь и мышление, развивать способность эффективного сотрудничества учащихся.

План с указанием тематических блоков и частей урока:

  1. The beginning of the lesson (3 мин)
  2. Warming-Up (3 мин)
  3. Vocabulary Practice (3 мин)
  4. Speaking Task (4 мин)
  5. Vocabulary Practice (3 мин)
  6. Speaking Task (5 мин)
  7. Grammar/ Use of English (5 мин)
  8. Game “Chain of events” (5 мин)
  9. Speaking Task/ Discussion (8 мин)
  10. The end of the Lesson/ Conclusion (6 мин)

Оборудование урока: аудиозапись песни “The Greatest Things in Life are Free”; дерево (комнатное растение) с листами-символами доллара, фунта стерлингов и рубля; раздаточный материал (карточки для учащихся).

Литература: Афанасьева О.В., Дули Дж., Михеева И.В., Оби Б., Эванс В., Учебник «Spotlight 10”, М: Просвещение; English, Учебно-методический журнал, М: Первое сентября, 2008, №15.

“Money makes the world go round.”

(Epigraph on the blackboard)

1. The beginning of the lesson

Teacher: Good morning, students. I am glad to see you! Let’s listen to the song. ( Звучит запись песни “The Greatest Things in Life are Free”, Song Sheets, Module 2, Student’s Book “Spotlight 10”V.Evans, J.Dooley )

Teacher: Do you like the song? According to the singer, what can’t we do with money? Do you think you would be happier if you suddenly become rich? How do you think your life would change? ( Students’ answers )

Teacher: OK, can you guess what we are going to talk about today? ( Students’ answers – In my opinion, we are going to talk about money)

Teacher: You are right. The topic of our lesson is “Money makes the world go round, doesn’t it?” People work for money and they sometimes make friends for money; they love, live and die for money. Today we’ll learn some new facts from the history of money and we’ll discuss and try to answer some very important questions:

- Does money really make the world go round?

- Can money make us happier?

- Why do people need money? ( Students’ answers )

3. Vocabulary Practice

Teacher: What is money? ( Students – Money is anything that is generally accepted by people in exchange for the things they sell or the work they do.)

You can see a magic map. Try to find as many words as possible on the topic “money”. Let’s put them down on the blackboard.

  • cash, cheque, credit card, salary, coin, tax, wage, note …..

4. Speaking Task

Teacher : What can people do with money? ( Students’ answers )

lend splash out

Teacher : You can see some expressions and word-combinations connected with money. Try to find out what they mean. Make your own sentences.

1. to put money into

a) money that has been printed illegally, counterfeit

b) a small amount of money you can use to buy small things

c) to marry someone whose family is rich

4. to roll in money

d) to use your money in order to make a profit

5. money for jam

e) to be very rich

6. to marry into money

f) money that you earn very easily

5. Vocabulary Practice

Teacher : Test your money expressions! Choose the correct option in the sentences below and say what each underlined money expression means.

1) They’re quite an unusual couple. She earns a fortune as a lawyer. So when they had a baby, he gave up his job. Now she’s the main breadwinner /breadmaker , while he stays at home to look after the children.
2) Last year I inherited some money from my grandmother, but I haven’t spent it yet. I’m saving it; for a wet day/ a rainy day .
3) “Have you got any wealthy friends?” “No, all my friends are broken /broke like me .”
4) You’ve been wearing the same suit for years. Don’t you think it’s time you s plashed out /rushed out on some new clothes?
5) I haven’t got enough money, I’m afraid. Could you borrow/ lend me some?

6) This car is too expensive. We can’t afford /pay it.

7) How much do you earn/ gain in your new job?

6. Speaking Task

Teacher : Let’s return to our magic map. What can people do with money? (Добавляем полученную из упражнений информацию)


Teacher: Money is a very important thing for people, that is why there are a lot of proverbs and sayings about money. We have already learnt some of them. On your desks you can see some proverbs written on different halves. Try to match them. Make the right choice. Find Russian equivalents. Choose and explain the meaning of the proverb you like most of all.

1. Take care of the pence and the pounds will take care of themselves. Денежка к денежке – оно и капитал.

2. Money has no smell. Деньги не пахнут.

3. A great fortune is a great slavery. Больше денег – больше хлопот. Богатому не спится, он вора боится.

4. Lend your money and lose your friend. Хочешь потерять друга, одолжи ему денег. Друга не теряй – денег не давай.

5. A friend in court is better than a penny in purse. Дружба дороже денег. Был бы друг, а деньги будут. Доброе братство милее богатства.

6. A penny saved is a penny gained. Не истратил – все равно, что заработал. Неистраченные деньги – приобретение.

7. Time is money. Время – деньги.

8. Money makes the world go round. Деньги правят миром.

9. A good name is better than riches. Лучше быть бедняком, чем разбогатеть с грехом.

10. Money spent on the brain is never spent in vain. Расходы на обучение всегда окупаются.

11.A fool and his money are easily parted. У дурака в кармане дыра.

7. Grammar/ Use of English

Teacher: It is time to check up your grammar and of course add some new facts about money. Use the word given in capitals at the end of each line to form the word that fits in the space in the same line. Money, money, money.

Helen has always dreamed of becoming a (1)____________woman,

and imagined living in a (2)_________mansion and how her

friends would praise her (3)__________when she gave them

expensive presents. In reality, she was usually hard up.

She had some (4)_________________ and a small life

(5)____________ policy, but her antique shop was not really very

(6)_______________. Every time she took money out of the bank,

the (7)___________checked her account and told her how little

there was in it. Helen had taken out a (8)_______ a month before.

How could she repay it? Then one day she noticed an old painting

in her shop. She had thought it was (9)__________, but as she brushed

away the dust, she saw the (10)_______ at the bottom.

It said “Renoir”! She was rich at last.

8. Game “Chain of events”

Teacher: Imagine the situation described in the text. What would you do?

It is time to play the game called “Chain of events”. Use the second conditional and don’t forget that you should start your own sentence from the previous one.

( Students’ answers ) If I won $1 million in a lottery, I would buy an island.
If I bought an island, I would build a big house there.
If I built a big house, I would invite all my friends.
If I invited all my friends, I would have parties every day.
If I had parties every day, I would spend all my money…..

9. Speaking Task/ Discussion

Teacher: There is a money tree on my table . As you can see it has dollar, pound and rouble bills instead of leaves. Choose the bill, discuss the question written on the back of it and give your answer.

  • Is it possible to have too much money?
  • Do you agree that having a lot of money makes you free?
  • What can’t money buy?
  • Do you get enough money?
  • Is there something you own that’s worth a fortune?
  • Can money make us happier?
  • What do you spend your money on?
  • Is it difficult to be a saver?
  • Do you ever lend money to your friends?
  • How do you pay for things you buy?
  • Do you save up to buy something?

10. The end of the Lesson/ Conclusion

Teacher: It is time to come to a conclusion. Let’s make a list of advantages and disadvantages of money. (Students’ answers )

You can buy whatever you want.

People are jealous of your wealth.

You can travel all over the world.

You are afraid of losing your money.

You have a lot of free time.

Everybody asks you to lend them some money.

You needn’t go to work.

You can never be sure if people like you or your money.

People are interested in your opinion.

It is difficult to find real friends.

So we can conclude that money does not make/ makes the world go round. And The Greatest Things in Life are Free.

Teacher: The topic of our conversation today was very serious. We have spoken much about money and we have discussed the problem of having or not having it using different points of view. I’d like to thank you for your good work at the lesson. I give … marks to…. The lesson is over. Good-bye!

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