there is no such thing as a bi-partisan legislator because there is not a group of legislators that share both different sets of values as an individual person however thay can be a part of a bipartisan group.
Housekeeping: Naming Conventions: Please be sure to follow the format, “Assignment – Author,” for any and all blog posts. Also, make sure your categories coincide with your assignment and author name.
Stone money In his New York Times book review named “The Fiction that Makes the World go Round,” Richard Davies states, “The evolving paradox of modern currency is the central theme of Money, a sweeping new history by Jacob Goldstein.”Study a one week long thousand word essay. We began by using goods services for trade as a way of currency things like bread milk grains and other foods products we later switched to to things like gold silver
The use of money has changed over the years
Paper money was created from basically nothing and now has value to it
my notes The catholic way that we are taught is that God created man and the universe. However, it’s more likely that we use god as a way of comfort for us to have unanswered questions like what is the meaning of life or why are we here it gives us comfort from not being able to answer these questions. I also believe the mystery is and the pursuit to answer this question is what fuels science and medicine as well as philosophy. The many new questions and answers to this continuing progressing world that we live in with different ways that we identify ourselves as. we see social media like Facebook growing to progress with this change. Identity in the Olympics we no longer gender testing to determine sexual identity. All writing is an argument even with yourself over something as simple as a grocery list. anything that you write down can constantly change with the progression of people over time and the audience that you are writing this too. Art as well has changed over time to redetermine what art is and how it classifies as art.
Three parent baby It seems counterintuitive that the UK allowing the use of two female eggs for artificial insemination is a battle of ethics. The procedure is still experimental; it is still a major stride in medical science. The use of two women’s eggs to make sure the child receives the best possible chance to not have any disabilities or defects due to a family trait or gene. This is a good start to make a world where cancer is a much less hereditary trait as well as many other things. This process allows them to use the healthy mitochondrial DNA. while people might hate the idea of “playing God” while many people worry only the rich will be able to afford it. While most likely the procedure will be very expensive and it will take some time for the price to come down. Eventually, it will come down and people will be able to afford it. This will result in a much lower overall birth defect rate this will also allow same-sex couples to have children with these benefits as well. This is the progression of science and the future of humanity.
2) Measles It seems counterintuitive that Americans were not required to have vaccinations for a serious problem for their country but there were standards and serious regulations for them however there were few for Americans. There was also complete neglect for the major issue measles was for their country. Which is very unfair and a huge double standard. While I do agree with the testing and making sure everyone is safe and prevents the further spread of the virus. I also find it ironic because most countries in the world are not allowing Americans without proper testing and meet safety regulations. This is a very unfortunate circumstance and some people would probably say deserved consequence. Countries like Australia have very strict policies to protect themselves from the spread of coronavirus and it has had a major effect on their case numbers have dropped dramatically. This situation provides a lot of perspective on how the fear of something can cause very drastic decisions to be made.
3) Ethics It seems counter-intuitive that reporters who were sent specifically to document the events happening in Haiti. To be specific an earthquake took place in Haiti and along with the massive toll that it took a young girl named Fabienne Cherisma was shot and killed by the police when there were lootings. She was a symbol of all the issues of things going besides her own death. The condition the people were in, the massive injustice acted out by police officers when she was wrongly murdered, the mothers carrying injured children in tears. Even the photos of her own mother in tears over the loss of her daughter when she was experiencing the worst pain a mother could possibly feel. These photos were to show the injustice and massive amount of pain and suffering that were taking place. While yes graphic and horrible they do help to gain a perspective as to what the people of Haiti were experiencing.
A student last semester wrote this Purposeful Summary. His name was Wazoo. As you read Wazoo’s comment, see if you can answer this essential question:
What’s He Talking About?
It seems counterintuitive that we buy iphones and use them knowing that there are bugs out there, in which they allow people to spy on you. We do not know how long apple has known about this but we do know they were warned and still decided to not do anything.
Personal Privacy plays a big party in everyone’s life, as well as their cell phones. The majority of cell phones are iphones and to have bugs in which people can spy on you is not acceptable. There is no way a little kid was the first to find this. Apple has known about this and they just have kept it a secret. They hire some of the best hackers in the world to work for them to find bugs. So why did they take so long to react?
Apple is one of the largest companies in the world. so some people might think theres a chance they didnt see the complaint right away or they kept it on to gain information about all of its users. After 2 weeks they finally sent a fix but this took so long because they werent done spying on the innocent people in this world. Apple is all about making profit and this move was one for them to get a better understanding on how to advertise to the world.
In addition to some punctuation errors, Wazoo here is neglecting an ABSOLUTELY ESSENTIAL aspect of Purposeful Summary: to summarize.
Very likely, because it was resolved more than a year ago, you don’t remember much about Apple’s FaceTime bug. If you happened to read Wazoo’s comment on a website about Apple products, would you have any idea what the article he was summarizing said about these questions?
—Would you know how the “spying” occurs? —Would you know what program or app was compromised? —Would you understand that it activated the recipient’s camera and microphone before he answered a FaceTime call? —Would you understand what Wazoo meant about a kid being the first to “find this”? —Would you understand the context of the “2 week” delay?
What Wazoo DOES do well here is to shape the news to his own agenda. It’s clear he’s suspicious of Apple’s motives and dubious that their slowness in responding to the crisis was innocent. In other words, his language is Purposeful, but he’s neglected the Summary, largely by using “it” and “this” to stand for material he left out.
Here’s the same summary with SPECIFIC DETAILS to replace IT and THIS.
It seems counterintuitive that we buy iphones and use them knowing that there are bugs in the product that allow people to spy on US. We do not know how long Apple has known about THE FLAW IN FACETIME THAT ACTIVATES THE RECIPIENT’S CAMERA AND MICROPHONE BEFORE SHE ACCEPTS THE CALL, but we do know they were warned and still decided NOT TO FIX THE BUG.
Personal Privacy—ESPECIALLY REGARDING OUR CELL PHONES—plays a big part in ALL OUR LIVES. The majority of cell phones are iPhones, and to have bugs THAT ALLOW CALLERS TO spy on US is not acceptable. IT’S NOT CREDIBLE THAT a little kid was the first to find THIS FLAW IN THE FACETIME APP. Apple has known about THIS THREAT TO OUR PRIVACY and they just kept it a secret. They hire some of the best hackers in the world to work for them to find bugs. So why did they take so long to react?
Apple is one of the largest companies in the world, so some people might think THERE’S a chance they DIDN’T see the TEENAGER’S REPORT THAT HIS PHONE WAS EAVESDROPPING ON HIS FRIEND’S CAMERA AND MICROPHONE right away, or they DELIBERATELY DELAYED FIXING THE BUG to gain information about all of THEIR users. After 2 weeks THE COMPANY finally sent a fix, but THE DELAY DEMONSTRATES they WEREN’T done spying on THEIR INNOCENT AND UNSUSPECTING CUSTOMERS. Apple is all about making PROFITS, and this CALLOUS INVASION OF THEIR USER BASE was A DELIBERATE ATTEMPT TO GAIN INTELLIGENCE THAT WOULD HELP THEM FURTHER VICTIMIZE THEIR CUSTOMERS WITH TARGETED ADVERTISING.
All right, so I did a little more than just replace IT and THIS. 🙂
But what the ALL CAPS material has in common is that it ADDS SPECIFIC DETAILS that provide readers with the background information they need.
In-Class Task
Leave a brief comment in the Reply field below to let me know if this is an effective demonstration of the value of specific details (or the danger of IT and THIS).
Also, Reply whether this demonstration will prompt you to revisit your own Purposeful Summaries with a better idea how to achieve a Regrade.
When we think about the value of money, it’s possible to say that it is seen as the main need of today’s world. Our lives are based on it and anything else can be bought with money, even money itself. As cash didn’t exist from the very beginning, people created other ways in order to facilitate exchange, such as bartering and metal coin. But these exchanges always depended on the value people gave to objects. For instance, people would give twelve eggs to receive two pounds of flour, because they believed that twelve eggs were worth two pounds of flour. Today we do the same thing with a piece of paper, we believe that a paper printed with number five can buy a coffee from Starbucks. Yet, there is something that doesn’t make sense in this transaction. A paper wouldn’t help improve our lives like a bunch of eggs, because it has no value unless we give it.
The first form to realize a trade between people was bartering and money was created as a substitute for it. By time, trading became popular and some other issues related to determining the value of goods showed up. Suppliers didn’t have any proof that items are legitimate and didn’t provide any consumer protection. For example: it’s normal to think that a product you would like to get is worth more than it actually is, the other person could end up underestimating the value of your product. To avoid such problems, the Mongol emperor Kublai Khan invented the very first paper money, which didn’t surprise me because a great domination is needed to convince everyone to give value to a simple paper.
In the late 19th century, the stone money started being used by the island of Yap, an island that was used to be German colony. In his book, the American anthropologist William Henry Furness III says ‘’“[A]s their island yields no metal, they have had recourse to stone; stone, on which labor in fetching and fashioning has been expended, is as truly a representation of labor as the mined and minted coins of civilization.’’, and continues ‘’Their medium of exchange they call fei, and it consists of large, solid, thick, stone wheels, ranging in diameter from a foot to twelve feet, having in the centre a hole varying in size with the diameter of the stone, wherein a pole may be inserted sufficiently large and strong to bear the weight and facilitate transportation. These stone ‘coins’ [were made from limestone found on an island some 400 miles distant. They] were originally quarried and shaped [on that island and the product] brought to Uap [sic] by some venturesome native navigators, in canoes and on rafts …’’ Those heavy rais were used up to a century ago, they would be exchanged for food, used as a gift or salary. If the stone had a story, its value would increase. Rai owners would have documents of the stone and if someone would buy it, documents would be given to the new owner. Yet, stones wouldn’t be removed, they would remain in the same place.
Even money’s value seems to be given by people, when a problem occurs, it’s not that easy to fix it. You cannot print out some money and save the economy. But Brazil did. Itamar Franco government created a solution called ‘’o plano real’’ (the real plan) to save its economy, which was stuck with hyperinflation. Brazilian people lost their confidence in the government’s money unit, but through that tricky plan the government saved its money and its public. Did it work? Yes. When the Real Plan was created, on July 1, 1994, R $1 was worth exactly US $1. In October of the same year, the dollar came to cost around R $ 0.82. The plan clearly was successful.
Money’s meaning varies from person to person, yet its value doesn’t. Because we all agreed to believe in money fiction.
References
Friedman, Milton. The Island of Stone Money. Hoover Institution, Stanford University, 1991
The fact of the matter is, money is worthless. It is a figment of society, if you will. We say that a certain piece of paper has x amount of value, and we believe that with the upmost faith that it is true. I say we do so blindly. How can we be sure that the number in our bank account is actually real and what would happen if you, along with everyone else, decided to one day stop believing that the number in your bank account actually holds value. Wouldn’t that be the end of an economy? I say that if a population were to undergo economic mistrust and disvalue their own currency then that would be it.
From the beginning solid items such as rocks and gems have been considered to possess monetary value. Circular limestone discs that were carved from mountains, coal, iron, goal, diamonds, and so on. You may be saying, What? Limestone? Let’s elaborate. The Island of Yam in Queensland, Australia was home to indigenous peoples that utilized limestone discs the height of a person and the weight of a car as currency. According to an episode of, “This American Life,” titled, “The Invention of Money,” by The Planet Money team, the people of Yam would mine these circular stones and put holes in them. In other words, they looked like coins. However, since these gigantic stones were so enormous they were extremely difficult to move. Therefore, these stones were marked to denote who owned it. These stones signified wealth, or lack thereof. So, basically these people wouldn’t actually have their stones in their own possession, but everyone would agree and believe that they had this wealth even if they couldn’t see it. Taken from Milton Friedman’s, “The Island of Stone Money,” it was stated, “a family whose wealth was unquestioned, — acknowledged by everyone — and yet no one, not even the family itself, had ever laid eye or hand on this wealth.” There was also evidence discovered in the ocean that the people of Yam had lost some of these stones in transport due to a big storm. In order to survive they had to cut the stones loose; when they got back to the island the assured their people that the stones were grand and of size like none other. The tribes believed them, and allowed them to use them even though they were at the bottom of the ocean. To translate this, now, to modern day, how is this any different from electronic banking? We take our money, which is just a number, and our told that because this number is transferred from a company to our bank account that we know own this money.
Another baffling example of how fictitious our money really is, is the Federal Reserve in the United States. The role of the Federal Reserve is to create and store money from the entire country. During the financial crisis in 2008 the Federal Reserve printed 1.75 trillion dollars and entered it into the market. To put this into perspective, The Planet Money team on their podcast noted, “$1 trillion is to $1 million what $1 million is to $1.” What an absurd analogy. How can a government just print money and create it out of thin air? Let’s travel back in time for a second. Back in 1933 the Bank of France had a multitude of assets within the United States. One day France was concerned that the United States would devalue the price of gold and ruin the French economy. So, what do they do, they request that the New York Federal Reserve to convert their assets to gold. In Milton Friedman’s, “The Island of Stone Money,” he relays this information, “(The Bank of France) asked the Federal Reserve Bank of New York to convert dollar assets that it had in the U.S. into gold.” Furthermore, (and keep in mind this is 1933) the French didn’t want their gold to be shipped by boat so they requested that the Federal Reserve, “simply store the gold on the Bank of France’s account.” So, in response, the Federal Reserve marked the gold and put it into separate drawers. For all intents and purposes this could be the same thing as the, “Stone Money,” that the people of Yap had at the bottom of the ocean.
More modernly, we have experienced a birth of new currencies that are independent of politics and central banks (like the Federal Reserve); For example, Bitcoin. Recently, Bitcoin has been under fire for its first official burst. In other words the Bitcoin bubble burst. The main issue, as I aforementioned, is that money is based off of the belief that a governments currency has value. So how does Bitcoin obtain its value and how does it stay viable in the market? This is a key flaw in Bitcoin and the fact that Bitcoin is a fictitious currency based off of encryption and lines of code it leaves itself open to tremendous speculation which can extremely damage its value. However, Yahoo! News’ Anne Renaut had the opportunity to interview with Bitcoins’ Foundation chief scientist Gavin Anderesen, “We believe that as the value of Bitcoin grows, and the infrastructure around it grows and matures, the price relative to other currencies will get more stable.” In other words, the longer Bitcoin is around, the more trust there will be as a result.
After reading/listening to all of these sources my view on money has definitely been altered. I never realized how fake it really is. Money is based off of the idea that it has value and people believe that and trust that. Until they don’t obviously. Its kind of scary; because its made me realize how fragile our economy really is. I’d even go as far as to say its unsustainable, but that might be the pessimist in me. I don’t understand how we’ve come this far from our, “Stone Money.” The pieces of paper that we work for everyday and strive for are just nothing.
References:
Friedman, Milton. “The Island of Stone Money.” Diss. Hoover Institution, Stanford University , 1991.
1. Realities of Mentoring High School Students from Inner City Public Schools vs. Private Schools in STEM Research at an R1 University:
The WISE program was initially for female, private school students to get exposure to STEM. Later, they opened this opportunity up to public school students too. There were big differences in the experience that the public and private school girls had. for example, the private school had more teachers available to help. Also public schools were not able to provide summer research opportunities since the majority of students work. Overall, both groups were positively impacted. Perhaps the public school students had to work harder/ more diligently to make this program fit into their lifestyle? Or possibly the factor of public vs private school had very little to no influence.
2. The problem with teaching ‘grit’ to poor kids? They already have it. Here’s what they really need.
For a long time its been believed that teaching grit and perseverance skills to under privileged kids will help them succeed. it seems that underprivileged kids do not need to be taught these skills since they are forced to perceiver everyday. Meanwhile, wealthy kids may never develop the same skill sets because of their overly comfortable lives. So basically, the kids growing up in poverty are more likely to develop grit and the kids from well off families are more likely to be lazy brats.
3. Participation in higher education online: Demographics, motivators, and grit.
A survery of students at Curtin University showed that students who were not the first in their family to go to college were more likely to display grit. Also, their biological parent’s level of education directly correlated to their own grit. This article essentially counters the one listed above it.
4. What Straight-A Students Get Wrong
Dr. Grant, organizational psychologist, explains that good grades can only get you so far. After your first year out of college there is almost no correlation between grades and job performance. “For example at google, once employees are two or three years out of college, their grades have no bearing on their performance.” The issue is that those who get good grades aren’t necessarily prepared for the workforce, they just know how to memorize information. Traditional schooling doesn’t evaluate creativity, problem solving ability, etc. Students in the top of the class are also more likely to miss out on social/real world experiences that may be more useful to them.
5. The effect of taking paidemployment during term-time on student’s academic studies.
A survey of students at the Manchester metropolitan university demonstrated that more students than ever are working while in school. Although these students do believe their grades would be a little higher if they weren’t working, the benefits outweigh this. Students express the skills that they have acquired through working like understanding of business, social skills, and confidence. In conclusion, the small decrease in GPA won’t matter in the long run when you’ve earned real world experience through working.
Beth Arky with the Child Mind Institute explains how constantly helping your child to succeed is hurting them in the long run. At a young age, children need to learn how to accept failure. If they don’t do this, challenges in the future will be extremely hard to overcome
Getting good grades in high school and college does not always guarantee your job someday will be a breeze. In an article for the Harvard Business Review, Whitney Johnson explains the difference between a good employee and a great employee. This difference has a lot to do with how the education system shapes us. Students are trained to do only what they’re told and not think outside the box. This doesn’t translate well into the workforce.
8.
Current State of Research Paper
So far I’m pretty confident in my ability to find sources. I still am considering both thesis’s but believe I may take it more to the challenges= success in workplace. The “challenges” I’m referring to could be anything from poor grades to poverty.
Topics for Smaller Papers
Definition/Causation
Misunderstanding that “private” schools automatically equal higher education and harder working students.
Cause/Effect
Growing up in less than favorable conditions causes individual to develop grit.
Rebuttal
It’s observed that students are more likely to attend college if their parents did. This does not demonstrate that kids with stable homes are more successful, simply that their family is well-off.
“Brannan sent Katie to the school therapist, once. She hasn’t seen any other therapist, or a therapist trained to deal with PTSD—Brannan knows what a difference that makes, since the volunteer therapist she tried briefly herself spent more time asking her to explain a “bad PTSD day” than how Caleb’s symptoms were affecting the family. When I visited, Katie was not covered by the VA under Caleb’s disability; actually, she wasn’t covered by any insurance at all half the time, since the Vineses aren’t poor enough for subsidized health care and the Blue Cross gap insurance maxes out at six months a year. She’s never been diagnosed with anything, and Brannan prefers it that way. “I’m not for taking her somewhere and getting her labeled. I’d rather work on it in softer ways,” like lots of talks about coping skills, and an art class where she can express her feelings, “until we have to. And I’m hoping we won’t have to.” Certainly she seems better than some other PTSD vets’ kids Brannan knows, who scream and sob and rock back and forth at the sound of a single loud noise, or who try to commit suicide even before they’re out of middle school. Caleb spends enough time worrying that he’s messing up his kid without a doctor saying so.”
“Brannan sent Katie to the school therapist, once. She hasn’t seen any other therapist, or a therapist trained to deal with PTSD—Brannan knows what a difference that makes, since the volunteer therapist she tried briefly herself spent more time asking her to explain a “bad PTSD day” than how Caleb’s symptoms were affecting the family.”
This an Evaluation Claim because due to self experience, Brennan knows that a proper PTSD therapist will help her daughter way more efficiently than a therapist with no skills on that topic.
“When I visited, Katie was not covered by the VA under Caleb’s disability; actually, she wasn’t covered by any insurance at all half the time, since the Vineses aren’t poor enough for subsidized health care and the Blue Cross gap insurance maxes out at six months a year.”
This is a Factual Claim because these events actually happened, and due to insurance policy, it would be correct for the max our period.
“She’s never been diagnosed with anything, and Brannan prefers it that way. ‘I’m not for taking her somewhere and getting her labeled. I’d rather work on it in softer ways,’ like lots of talks about coping skills, and an art class where she can express her feelings, ‘until we have to. And I’m hoping we won’t have to.”’
These sentences show a Casual Claim as Brennan explains that if she does go to a professional, then her daughter will be diagnosed with something, “labeled.”
This also shows an Evaluation Claim as Brennan would have had to thought about her decisions and opinions.
“Certainly she seems better than some other PTSD vets’ kids Brannan knows, who scream and sob and rock back and forth at the sound of a single loud noise, or who try to commit suicide even before they’re out of middle school.”
This a sign of Categorial Claim as she groups the signs of “worse” kids.
This is also Comparative as she uses the effects to basically say her daughter doesn’t do these things.
“Caleb spends enough time worrying that he’s messing up his kid without a doctor saying so.”
Casual Claim as Caleb thinks that his problems are messing up his kid’s life.
Garber, N., Ehrhart, A., & Virginia Transportation Research Council. (1970, January 01). The effect of speed, flow, and geometric characteristics on crash rates for different types of Virginia highways. Retrieved September 25, 2020, from https://rosap.ntl.bts.gov/view/dot/19514
This essay is about a study conducted on how many aspects affect the crash rates for Virginia Highways. It was found that speed limits above 68 mph substantially increase the amount of crashes. Figure 6 “shows that at a relatively high flow per lane, the crash rate decreases as the standard deviation of speed increases”. This study shows that highways need to be relatively clear for the increase of speed limit to be able to decrease accidents
This study gave me a lot of important information. The first fact is that it takes the on average .91 seconds to check your speedometer and refocus your eyes on the road. 0.91 seconds is a lot considering how much can happen in just a split second when driving.
It also included this chart about driving in a 50 mph zone for 8.2 seconds. Just one speedometer check reduces your percent of road observation by 13%!! If someone, like I do, checks the speedometer very often like I do, the amount of observation lost can be extremely dangerous, especially when driving on a highway.
This was a great study. It showed that how the idea of “speed kills” isn’t entirely true. The thing that kills is when two vehicles enter what is called an accident prone interaction, or an API. APIs include ” (a) when cars moving on intersecting roads come at about the same time to an intersection, (b) when cars moving in opposite directions on the same undivided road pass each other, (c) when cars moving in the same direction on different lanes of the same road momentarily drive next to each other, and (d) when a car coming from the rear of another one switches lanes next to the other one (either by switching to an adjacent lane to overtake it, or by returning to the original lane).”
In the study it showed that traveling at higher rates of speed actually significantly reduced the amount of APIs a driver encounters. It really makes sense when you think about it, the faster you’re going, the less time you spend near other cars. The less time you spend near other cars, the risk of accidents is greatly decreased. It also mentioned how speed limitless roads such as parts of the German autobahns had extremely low accident rates. When the traffic levels are high on those roads, the drivers naturally reduce their speeds to avoid accidents, which seems like common sense.
There are less vehicle related fatalities on the autobahn system than on the US highway system. This may be due to the fact that Germany takes great care of their highways and it is much more difficult and expensive to obtain a license in Germany than in the United States, costing up to $2000 and up to 6 months to complete. Germany also strictly enforces many traffic laws like no tailgating and the left lane is only for passing.
Although the autobahn is not completely speed limitless, about 65% of the highway system is unrestricted.
Local roads: slow rate of speed, limited mobility, average street
collectors: connect local roads and arterials, high fatality rate, slightly higher speed limit
other arterials: “connect, as directly as practicable, the Nationís principal urbanized areas, cities, and industrial centers. Land access is limited. Posted speed limits on arterials usually range between 50 and 70 mi/h.”
“ Sending or reading a text takes your eyes off the road for 5 seconds. At 55 mph, that’s like driving the length of an entire football field with your eyes closed.”
This shows how much of an effect distracted driving has. Texting and driving is so common nowadays too.
Choi, E. (2010, September). Crash Factors in Intersection-Related Crashes: An On-Scene Perspective. Retrieved October 26, 2020, from Crash Factors in Intersection-Related Crashes: An On-Scene Perspective
In the case of 22.2 percent of crashes, the critical event was turning left. Very important stats on decisions made before an accident. Sort of similar concept to my idea of critical driving decisions, but not exactly the same. Could be helpful to clarify difference in definition essay.
Gao, C., Li, Q., & Yang, J. (2019). The Effect of Posted Speed Limit on the Dispersion of Traffic Flow Speed (Rep.). MDPI.
For every 20km/h increase in the speed limit, the average speed is increased by about 18 km/h, which is generally consistent with the increase of the speed limit value. It can be inferred that the average speed of the traffic flow has a high correlation with the speed limit.
Higher heart rates, blood pressure, anxiety. Further studies also showed more driving correlated with more sick days and appearances in the hospital. These are all effects of spending long commutes. Could be very detrimental to the health of someone
Topics for Smaller Papers
Definiton/Classification Essay on the German Autobahn
Rebuttal essay on gps speed limiting
Current State of the Research Paper
I am currently not too confident on my topic. My last few sources did make me feel a bit more confident that I could actually find some data that supports my hypothesis. I definitely have much much more research to do before I can be sure of my final hypothesis.
This object is something people in the world value. It is something that has moved our society since it has been created. It is something that people need to survive in this world. The item I’m talking about is money. Money has been in this world since as early as 4000 to 5000 B. C. The currency of money has changed repeatedly throughout the years, and every country has its own money system. Wars have been started because of money; for example, the opium wars around
1800 were China vs. the British empire. The British were fighting for trade with China, but China didn’t want to associate themselves with the British. The British were desperate to attain more wealth and resources; they sent armies to them until they finally signed a treaty. That’s one of the reasons why money is so important to us. The value of money in our world will never change; our society relies on it. We use money to purchase a product we need or want, such as games, food, houses, etc. We use different bills to buy items: one, five, ten, twenty, fifty, and one hundred dollar bills. You can also use virtual money to purchase things. We have apple pay, Venmo, cashaap, and more. We’re in an age where you can buy through your phone.
As I was listening to the Island of Stone Money by Scott Fitzpatrick. It was interesting how the inhabitants made their own system of distributing money. Yap is located in the federal states of Micronesia. The tiny island called Yap has a population of around 6 thousand people on it. Since discovering the island, Diego DeRocha founded Yap’s island in 1526; many more adventures and explorers have taken the trip to the island. In 1903 William Henry Furness III stayed on the island for around seven months; while he was there, he learned more about Yap’s inhabitants. How to live, eat, and require survival items, but the one thing he found the most interesting was their money system. According to William Henry Furness III book, There was no metal; they only had stones. Their money was called fei. They also had different types of thick, solid, and large wheels that could go up to around 12 feet. Their stone money was made from limestone that they found on the island. Another fact about their stone money system is after an exchange, and the fei is too big to take, the new owner can decide to leave it on the former owner’s place. They’re a story by Milton Friedman about a group of people that went to the Yap island to collect a precious stone and bring it home, but things went wrong on the way back. A destructive storm happened, and to protect their lives, they had to let go of the valuable stone and let it sink in the ocean to survive the storm. When they were finally back home, they informed everyone about the magnificent stone, but it was lost because of the owner. In 1898 the German purchased the island Yap, but they found out that the paths. Were in such horrible conditions, so the head of all the areas was told to have them fixed. They were able to go and obtain the fei.
So back to the importance of money after the information about Yap. This is a very materialistic world that we all live in; mostly everyone wants new games, new cars, new clothes. Money holds much power in society. Some people have died with little to no money, and some people have risked their lives to acquire money legally or illegally, and they’re also greedy people who have had so much money they will never be able to spend throughout their lives yet still want more. That’s why people say the phrase “with money comes power.” but money corrupts many individuals; a person could have been kind and gentle when they had little money, but when they end up getting so much more, they could end up selfish, corrupt. Money can change individual nature. A study titled “Money on the Mind” goes more in-depth about how money affects individual behavior. Paul Piff, a student doctor in psychology at the University of California, conducted a test on some people but telling them to perform some task, for example playing dice games, monopoly, and the results he received from his experiment was something he didn’t expect. Paul Piff stated, “You become less attuned to all of the other things that contributed to you being the position that you’re in,” He found out that people showed signs of more greed and less feeling. Paul Piff also discovered another thing during his experiment: rich people will encourage lousy behavior, for instance, robbing other people, but later on, he received more information. That if you’re more giving, you will be more satisfied with life and be more willing to show you are as an individual to people.
In conclusion, i know the value of money in our society will never go away, but its use will definitely change one day. Our government holds the power of how much our money is worth. They move us with money; they need us to keep going as long as we continue to have faith in our money system. If everyone just chose not to care about money and start robbing everything in sight, everything would collapse. Money is like a prescribed drug we need to continue living. Without it, we will die As I said before, If we end up not caring about money and government, everything can become chaotic. I already know their many faults in our system, like the government cheating people and some of the banks stealing from us. I hope it gets better one day, but for now, we have to live with it; there are the terrible parts of it, but their also good money has helped us advance as a society; we wouldn’t be where we are without it. Money is worth differently for everyone, in my opinion—for example, a trader vs a cyclist. They both have their idea of money.
The Island of Stone Money – Items – Collected Works of Milton Friedman, miltonfriedman.hoover.org/objects/56723/the-island-of-stone-money?ctx=128abf37-5644-46f6-9f5f-32fa286cb160.
About the author Author: Pamela HyattI am the Content Marketing Specialist for the Forum for International Trade Training (FITT). You can find some of my work on TradeReady.ca. My background is in copywriting, et al. “3 Of the Biggest Historical Wars Fought over Trade.” Trade Ready, 20 Jan. 2020, www.tradeready.ca/2016/global_trade_tales/3-biggest-historical-wars-fought-over-trade/.
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