What is Money Really Worth
The value of money is just what one may believe the monetary value of it is worth. A rock for a good, money for an island was based off a stone that people couldn’t physically hold but were able to trade and this was based off a german colonized island called Yaps. This island value of money was based off a large stone which was never moved or was touched just left there and had different owners. Based off exchanges and trades made the stone would have a different owner. “They often talk about the stones themselves not changing hands at all, “Fitzpatrick says. “In fact, most of the time they wouldn’t.” No matter where the money lied on the island it was yours. They even had an occasion where the stone had fallen off a man boat and laid at the bottom of the ocean, and the people of the island still agreed the stone had value to it. The Yaps never had a different system of money and they believed that their system worked they knew what stone they owned and how much it was worth during and exchange and never saw a problem so they kept with their logic. While in the U.S they used money as a monetary value for gold. France felt as if the value of money would fade and that France wanted there money in gold. U.S bank if New York just placed the gold aside and had it labeled for France. As time went on Frances banks increased while U.S banks collapsed which cause a major problem in the economy. Frances power of money increased while U.S drops even though France didn’t have physical possession of the gold or no where near them, meanwhile the gold is just sitting in a U.S vault while the U.S suffers but they can’t use the gold because it technically not theirs.
For me I believe I should have possession of my money, if I wanted to make an exchange for a M&M I would want to be able to hold my side up which would be providing the money, be given the M&M I need to complete the transaction. I wouldn’t want to be like my horse is down the street but it is yours now. I would want to be able to show the horse in exchange to to buy the M&M. I would also want it to be the other way around, if someone is trying to buy a product off me such as milk I would want the money while the exchange is happening for my milk. In today’s world people don’t even carry money on them, they just have a digital showing of how much money they have in the bank by an app on there phone or a bank statement almost as if they have a stone at the end of their street that is theres but have no real possession of it and just claims that there stone is worth a gallon of milk. Most people don’t care too much about having the hard cash on them as long as they look into there bank account and see the money rise they are satisfied, which is something I don’t like. People today are paying in stone and credit cards and the seller could have no idea if the person really even has the stone to make an exchange but they could care less as long as they see something in exchange that could help validate that the person may or may not have the money. Today’s world the dollar is only worth what one believes it is worth. Money can be represented as a bolder and if I believe that the bolder is worth a gallon of milk and so does the man on the other side of the exchange then we both can agree on it, we can make the exchange and I could get my gallon of milk. Money’s worth as much as. The bolder can only be worth as much as the next person in line is willing to trade for it, that bolder can buy one gallon for one store but if we go down the street that same exact bolder can get 3 gallons of milk. Value of money can only be inherited to one’s belief of how much a dollar should be worth.
While in Brazil they were having problems with inflation of money and keeping a stabilized economy. No one was able to figure out what was causing this inflation but it caused the people of Brazil to spend money instead of saving it due to the prices raising everyday. Then four economists, and they went on and had to create fake currency called URV. They believed people of Brazil needed to regain hope in the faith of a stable cruzeiro, and believed the URV was the thing to trigger a more stable economy. “But, just as important, you have to stabilize people’s faith in money itself. People have to be tricked into thinking money will hold its value.” They went on to change all cruzeiro into URV, such as wages, taxes and food. By doing so whatever the inflation rate of a given item was the URV would stabilize it so that there was no inflation. The people in Brazil were using fake money that really meant nothing to them. Since it brought down the inflation of the economy no one cared and just brought happiness back to the people of Brazil.
The physical property of money means nothing to people as one can see from Brazil. The people of Brazil were able to be tricked into believing in a system of money that was fake and really was worth nothing. Just by what Brazil did you can tell what the real thoughts of money means to the people of Brazil. They believed in having a physical property that met the demand of a need. The economy in Brazil used to be like chasing a tail just as you thought the price of your chips would stay stable and at the same price it would just raise, so the people would almost be chasing the tail of chips trying to get ahead of it so that they could get as much as they can for as little price as they can. This is what forced the economics to create this fake value of money called URV, so they could help the people afford chips at the low price. People believed this would be a good idea in this type of need happiness to me comes from money because there are so many things you can do with it such as travel and buy nice and fancy stuff and just be able to enjoy some aspects of life that many aren’t able to do. But when you have to worry about spending your money because prices will increase. Value of money to them meant nothing they were able to trade invisible money just like a rock across the town for there chips. That value of money was able to restore the economy of Brazil at such a quick rate which proved that the value of money means nothing to a whole, but more to the individual trying to get that bag of chips for the lowest amount of rocks possible.
Work cited
Friedman, Milton. “The Island of Stone Money.” Diss. Hoover Institution, Stanford University, Feb. 1991. Web. 13 Sept. 2016.
Country Studies. “Brazil- The Real Plan.” Brazil- The Real Plan. U.S. Library of Congress, 2012. Web. 13 Sept. 2016.
Novus, Stella. “The Megalithic Money of Yap.” Ancient Origins. Ancient Origins, 04 Jan. 2013. Web. 12 Sept. 2016.
Rowan Counterintuitive 
Feedback provided.
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I didn’t provide you feedback on your original Stone Money post, BTB, so this is my first chance to comment on your work on this topic. It has a title and a credible Works Cited, but its citations are inadequate, so expect some notes about how to correctly cite your sources along with feedback about your argument.
As you know, you’ll receive initial grades in four grading criteria: Argument, Rhetoric, Mechanics, Scholarship (ARMS). Grades can always be improved by revision. To understand your grades, you need to know your Grade Code, which I shared with you in class MON SEP 19. I’ve numbered your paragraphs for easy identification. The Writing Center offers free peer-to-peer writing instruction appointments to suit your schedule. And additional feedback is always available from me upon request.
Argument (Grade O)
Usually, BTB, I can make very specific recommendations to students for making their arguments more coherent or logical, but in your case I’m completely incapacitated. I can gather only the slightest understanding of what you’re arguing from the sentences you’ve constructed. Our anonymity policy prevents me from asking you directly about your earlier experiences with writing courses, but you need to first be well understood to pass Comp II.
As a small example of just how challenging your language is to readers, let’s look at this early section:
If I had not read Milton Friedman’s article, I would be completely lost. And since you can’t assume your readers have read Friedman, we have to conclude that all your readers would be lost.
—”a rock for a good”
This might mean you’re trying to form the singular of “goods” from “goods and services,” but only because I know what your topic is.
—”money for an island was based off a stone”
You probably mean that the stone was the money, but saying it was based off a stone doesn’t indicate that at all.
—”that people couldn’t physically hold but were able to trade”
This is only true for the largest fei, which were real, and could be rolled, but couldn’t be held in the hand. Smaller fei could be traded like coins. But I only know what you mean at all because I’ve read Friedman. Otherwise, I’d think you meant the stones were imaginary.
—”and this was based off a german colonized island called Yaps.”
Here you seem to indicate that the money system you’re describing was designed on the model of a different island, one colonized by Germany. But in fact, the monetary system you’re describing IS the Yap system, and it’s the Yap who were colonized by Germany.
—”This island value of money was based off a large stone which was never moved or was touched just left there and had different owners.”
This might be just a repetition of the sentence before, reiterating that somehow a single large stone was the repository of all wealth for a group of people who somehow passed its value among themselves.
I’m not pretending to be confused, BTB. I’m legitimately unable to fathom your argument.
Rhetoric (Grade N)
For most essays, Argument and Rhetoric are closely related, BTB.
When we’ve clarified the structure of your argument, we examine more carefully the mood and tone your writing achieves and tinker with your language to improve its persuasiveness. Here I can tell that you wish to convey a few feelings to your readers:
1. Money is really artificial
2. Its physicality is inconsequential
3. Its value is very fluid and subject to local conditions
Convincing readers of those points would be worthy rhetorical goals, but you distract readers from those ideas with frequently irrelevant sections such as:
That’s about all I can offer at this stage, BTB. When and if your argument is more clearly expressed, I’ll be able to offer more guidance.
Mechanics (O)
You violate many of the Basic Rules of Grammar that would trigger automatic failure of this section, BTB, but more importantly, I can’t stress enough how very much you need to seek the assistance of a writing coach to help you construct simple, understandable sentences before we address the particulars of any single grammar rule.
As for citations, here’s an example of how you should be indicating your sources in your paragraphs.
Scholarship (Grade M)
We can only see a hint of where your material comes from in the first paragraph of your essay, BTB. For the other paragraphs, you give no hint of your sources. The Works Cited section is a place to identify the sources you actually CITE in your essay, not just sources you used.
OVERALL
Take heart, BTB. Your current grade is a reflection of how this work would be graded if it were submitted as part of your Portfolio. The semester is young and help is available. Every post can be endlessly revised. I will meet with you any MON or WED in personal conferences and provide continuous feedback in and out of class.
Furthermore, and in your case I strongly suggest you take advantage of the service, you can enlist the FREE help of a peer writing counselor through the Writing Center for one-on-one sessions on your schedule.
You may request a grade update in the Reply field for this post, but only after you’ve made substantial changes to your entire essay (not merely corrected the grammar and mechanics).
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