Honors Theses

Date of Award

Spring 5-8-2020

Document Type

Undergraduate Thesis



First Advisor

Jeremy Griffin

Second Advisor

Kendall Bowlin

Third Advisor

Albert Nylander

Relational Format



This paper explores the backbones of economic growth and how the backbones influence economic development in three cities in Mississippi. It further seeks to promote education in financial literacy throughout the state to create a base for individuals to further their financial education, create small businesses, or to simply be a knowledgeable citizen. The research sifts through backbones such as population health and small & big business influence, to explore how financial literacy influences daily life and the catalyst for businesses to start and grow. The Mississippi cities Fulton, Clarksdale, and Oxford are studied more in-depth through photos of the cities, tables and graphs, and discussions with professionals pertaining to economic development. These resources provide support for the idea of how important financial literacy is to the survival of small businesses and the city itself. Overall, the research suggests that an investment in increasing financial literacy can help individuals be more successful and increase the economic development in cities.



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