Money in this day’s age as well as thousands of year ago, still plays an important role to our society. In order for most of us people in the United States and other countries around the world to live, we need money. We need money to purchase food to eat, need money to buy clothes to wear, and we also need money to shelter ourselves. Money today in the United States is determined by the government. They are the ones who give each bill its specific currency, like the dollar bill or ten dollar bill, as well as the metal coins. In other countries its the same way. For an example, the Philippines; their type of currency they use in their every day life is pesos.
People in the United States and other countries around the world have mainly known and realized that money has became a way of life. You follow the given currency the country/government provides and value it to follow the life you live. Not only do other countries besides the U.S, Philippines, Brazil, and others live this kind of way of money following a lifestyle, but also small islands of a small population live a similar way. The island of Yap, which is a small island in the Pacific Ocean doesn’t use paper bills or metal coins, they use chunks of stone found on another island 400 miles distant from the people of Yap. Although many of the stones were ranged at a high value they never moved from the spot they were first left in. These stones weren’t pocketable like money in the United States, so they remained in the same place just traded from and to different people. Many islanders of Yap who owned these stones made trades for anything they needed to live, whether it was their type of clothing, jewelry, or even food.
Other than the Island of Yap using stone as their way of “money” or “currency” to live their life, the country of Brazil used paper bills like the U.S, but called it Cruzeiros. Cruzeiros were their form of money/currency they used to buy food, or any necessity that was needed to live. The problems Brazil faced with the Cruzeiros was the inflation rate booming to a high value. For an example, one day a piece of food would cost $4, then cost $10 months later, eventually it can cost thousands later on. A way people found to live with these such problems due to the dramatic inflation rate was to create and use fake money called, URV, Unit of Real Value. People created this to stop people from seeing the inflation arise every other day or month.URV’s adapted quickly to people and found it to be better to everyone in Brazil. In fact, URV eventually took over was the new currency, called the real and inflation ended.
Money has became an important factor of living life. Money through-out the world is in different matters but all used in the similar ways for the similar things. In the United States we call it dollar bills, other countries they call it pesos, or cruzeiros, and islands along the ocean use stone. Everyone including myself need it and use for almost the same thing, to live. We need it to buy food to keep us from starving, need it to buy clothing for our bodies, any necessity we need to live the lifestyle we want.
Friedman, Milton. “The Island Of Stone Money.” (n.d.): n. pag. Hoover Institution, Feb. 1991. Web. 8 Sept. 15.
Walt, Chana. “How Fake Money Saved Brazil.” NPR. NPR, 4 Oct. 2010. Web. 08 Sept. 2015.
Bellis, Mary. “The History of Money.” About.com Inventors. About.com, n.d. Web. 08 Sept. 2015.
“The Island of Stone Money, WWI History & Traditional Culture – Yap.” Yap Island History & Culture. N.p., n.d. Web. 08 Sept. 2015