E10–Douglasdams525

Original: Money seems to have a big role in our society; you can’t do much or get far if you don’t have any. Money is valuable in different ways, even when you don’t see it physically. In today’s society you must have faith in the government, in the banking system, that your money is being handled with in the proper manner, if not then you would be hiding all of your money under your mattress, or around your house. I never really have a clue what happens in the banks, and how they take care of your money. I always just thought money was quite simple; you either have some or you don’t, that’s it. However, by being introduced to this assignment and having it compare the Yap Fei with the US and France gold trade in 1933, and the Brazilian cruzeros all seemed somewhat similar. No one actually sees their money being transferred. When you get paid, you don’t get a check or get paid even in cash, it’s all directly transferred to your bank account, and that you just have to trust that you got more money.

Edited: Money has a massive effect on day-to-day life; hardly a thing can be accomplished without it.  Money has intrinsic value, even when it is physically invisible.  In today’s society, the government and the banking system must be trusted; we must assume that our money is being properly handled–were this not the case, it is almost certain that our money would be stashed away about the house, under the bed, or even in a chest buried in the back yard.  I have never had a firm understanding of the complexities of banks, nor how they handle money.  It has always been my belief that money is a very simple concept, and that we either have it or do not.  However, this assignment introduced me to the Yap Fei, the 1933 gold trade between the US and France, and the Brazilian Cruceros, and allowed me to realize that all forms of currency are in fact quite similar to one another.  On payday, very few people receive a check or cash.  In the days of direct deposit, we must have faith that the number on the slip of paper we receive from the ATM is higher than it was before, as we very rarely get a physical glimpse of our wealth.

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