Stone Money Rewrite – tpaz1

  The Purpose & Ways of Money

 Money will always play an important role to anyone’s life from today to thousands of years ago. In order for most people around the world to live, including the United States and other countries, they need money. People need money to purchase food to feed themselves or their family, need money to buy clothes to wear, and 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 pesos, which is determined by their own government.

People around the world have mainly realized that money has became a way of life. Which ever the country a person may live in; they follow the given currency to government provides and value it to the life they 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 that people hardly recognize. 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 limestone found on another island 400 miles distant from, where the people of Yap live. 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 different kinds 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.

Although the people from the Island Of Yap use stone as their form of “money” or “currency” to live their life, the country of Brazil used paper bills like the U.S, but called it Cruzeiros. Cruzeiros is their form of money/currency they used to buy food, or any necessity that was needed to live. The problem that Brazil faced with the Cruzeiros was the inflation rate increasing to a high value. For an example, a piece of food would cost $4 one day, then cost $10 months later, eventually cost thousands later on. A way people found to live with this problem 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 and month. URV’s adapted quickly to people and found it to be better to everyone in Brazil. In fact, URV eventually took over, which became the new currency, called the real and inflation ended in Brazil.

Money has always played an important factor of living life. Money through-out the world is in different matters, but is 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 and use it for 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 chose.

Works Cited

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

Money has always played an important factor of living life. Money through-out the world is in different matters, but is 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 and use it for 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 chose.

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