Finance
A study which figures out how people, businesses and groups make and use money
Real World Example
During the Rise of Totalitarianism from 1919 to 1939, finance played a crucial role as countries faced economic challenges like the Great Depression, which led to high unemployment and poverty. Totalitarian regimes, such as Nazi Germany and Fascist Italy, used finance to control economies, promising stability and prosperity to gain support. Financial policies and management became tools for these governments to rebuild industries and militaries, often prioritizing national power over individual welfare. Today, finance remains vital in managing personal and national resources, affecting everything from how we save money to how governments fund public services. For example, if a family carefully budgets its expenses, it can save for important goals like education or emergencies, showing how effective financial management impacts everyday life and future stability.
