Money banking & finance

Today in almost all economies money plays an important role as discussed above. It is the driving force that is running the wheels of every economy. It has made our lives quite easier and, enjoyable. It has contributed a lot towards the improvement of living standards in different parts of world However the use of money has also contributed to different ills and bads. This is explained in next questions.
Money - The Other Side of the Picture
Money no doubt has contributed very effectively and generously towards modern economy. However at the same time it has produced certain world wide 'ills'.and 'bads'. These are explained below:
In fact if analysed strictly money itself il nothing good or bad. It is the monetary system and society that makes use of it either in a good way or bad way. So following -disadvantages of money may be correctly deemed as defects of Monetary Policy, Fiscal Policy and Society Behaviour.
Economic Disadvantages:
1. Class Conflict:
Money has given rise to the class conflict. It has made some people very rich at the expense of million of others. This fact is also the cause of widespread disturbance and crimes in the modern world. The money has greatly helped to increase interaction among lots of people but at the same time it has created a very dangerous distinction between people. It has divided people in to "haves" and "have nots". This division or distinction is extremely bitter and poignant. It has not only divided people of different areas but it has also parted members of families and blood relatives.
2. Trade Cycles:
Trade -cycles are also an outcome of mismanagement of money (monetary) forces. The great depressions of 1920s and 30s were greatly because of faulty fiscal and monetary policies and mismanagement of exchange rates. Trade cycles not only effect industrialists or
land lords but they do equal harm to poor and ordinary people. Investment fades, industries
shut down, unemployment increases, purchasing power decreases, these are some
examples of what happens during depression phase of trade cycle.
3. Inflation:
It is natural that a thing that is chosen as a standard must be free of any alternation. But although money has been chosen as a standard of value yet it itself is subject to inflation. This factor has made people suspicious about the power of their currency (specially those currencies which are weak). Inflation over time leads to decrease in the purchasing power of money and in the value of any claim that is expressed in money terms. It also causes much anxiety to the poor and pensioners.