Category Archives: Stone Money

Many would look at the concept of fei as an abstract form of wealth. Fei are large stone coins that were used by the islanders of Yap, which showed wealth and possessed full buying power. The islanders of Yap did … Continue reading →

The concept of money has been around for centuries. In ancient Mesopotamia and Egypt barter, trading one good for another, was the prominent form of currency. As the ancient world developed, gold and other precious stones became valuable and were … Continue reading →

I suppose you can say that my thinking of money has changed, because I really had not thought about it until talking about Yap. At first, I was thinking how ridiculous the trading of large stones was, and how even … Continue reading →

The idea of the fei seems irrational to most people who are told the story of the Island of Stone Money and Yap’s form of currency because it is for reasons such as convince and means of possession of the … Continue reading →

When you think about money, at first it just seems like a normal object you can hold and possess and use as tender, but in fact it’s a little more complicated than that. Money is also an idea that needs … Continue reading →

The concept of money and what it’s worth to society is something that most people probably don’t think about often. We make money, we spend money, we lend money, we borrow money, but what does that money really represent? What … Continue reading →

Reading the story about Yap makes me understand that money back then was more valuable than it is now. What had caught my interest while reading the story “The Island Of Stone Money”, was how they left the stone, which … Continue reading →

Currency is a unique concept to think about.  From fei, to dollars, to gold, it is a hard thing to really think about. People do not even most of the money they own they only see a piece of paper that … Continue reading →

The whole story of the monetary system of Yap, a little island in the middle of the Pacific Ocean, reminds me of some type of cartoon or fiction story. I find it very interesting, but not surreal at all after reading The Island of … Continue reading →