Stone Money Rewrite – theshiftyyman

Money isn’t something that has worth it is something that has value. Any kind of currency that is used to purchase something has no worth it is a place holder  for something that does have worth. There in lies the value of money, it can be traded for something because it represents something of worth. The US dollar and most currencies are backed by a precious metal such as gold or silver. The gold or silver is what has the worth and that is why it’s accepted. However it is now believed by many that the US has no gold or silver to back the money. Now it’s a mystery why the US dollar is still accepted.

The answer to that mystery could lie within an ancient civilization on an island in the pacific called Yap. The Yapese people used a currency called Rai which is literally just big circular stones. These stones were’t backed by anything however they were accepted as a currency. The value of them lied within nothing other than the fact that people wanted them. They were big shiny special things that people would trade anything for depending on the size. The Rai were acquired by explorers who would travel to an island far away and would bring home huge chunks of limestones shaped like circles with a hole through the center. The wholes through the center were to help with transporting the large stones. The stones increase in value based of of size, how hard it was to get, and the number of lives lost while retrieving it.

Basically, the reason why any money has value now is because other people want it. The value of money is mostly if not all the way based off of how much other people wanted it. This is why you can literally trade a big rock for a car. If the other person wants a big rock that rock has value in the form of a car. Money is a very strange thing and it’s a strange concept that we even need it. In the end money is worthless, but something will always have value as long as it is desirable to somebody.

Works Cited

Friedman, Milton. “The Island of Stone Money.” The Island of Stone Money(1991): 3-7. Web. 13 Sept. 2016.

Moffatt, Mike. “Why Does Money Have Value?” About Education. About Education, n.d. Web.

“Stone Money.” BBC News. BBC, n.d. Web.

One thought on “Stone Money Rewrite – theshiftyyman”

  1. NAKED GRADES for Argument/Rhetoric/Mechanics/Scholarship: DDEE

    This does not suffice, Shiftyyman. It gives no indication what parts of your essay you owe to your sources, so it fails for both mechanics and scholarship. It barely makes an argument at all and shows no evidence that you put your research to use.

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