My concept of money completely changed after reading “The Island Of Money” by Milton Friedman. This article talks about both the Yap’s concept of money and how it plays a important role in their culture. The Yap’s carved large stones which were called feis. These large stones were used as money, the bigger the stone the wealthier the individual. Although there are not any concrete evidence which proves, money was started by the Yap, we share similar concepts of money. Similarly to the yap we use money to purchases things and we believe our currency has value. However, the yap seems to be trust worthy people because sometimes they do business without seen an individual stone. Most likely their form of currency would not work today.
In an audio file”The Invention of Money” it talks about how Brazil was going through an economic recession and they charged their currency in other to improve their economy. I was in disbelief how changing the currency can improve your economy. It also made me question the whole concept of money and whether or not it truly has value.
Hello, again, Lashawn.
I’ve corrected some odd spacing in your sentences because it was so distracting. Be careful not to type word spaces before periods, for example, and double spaces between words. They ruin your credibility immediately. You also didn’t consistently capitalize the Yap. Both the name of the island and the name of the people are proper nouns, always capitalized. I’ve fixed those problems too.
P1. Your first four sentences accomplish almost nothing, Lashawn. They name the article, the author, the people, and the money, but they make not one claim about them that would begin to justify your promise that your “concept of money” completely changed.
Your fifth sentence says the Yaps’ money was similar to US dollars, so there’s not “concept change” there.
Your sixth sentence finds more similarities: we use a currency we believe in to purchase goods.
Your seventh sentence must contain the promised “complete change”: The Yap are more trusting than we are because they don’t always see each other’s money.
But, Lashawn, don’t we engage in “trust” transactions every day, when we accept checks or credit cards? We almost never see anybody’s big stack of cash.
P2. I wouldn’t understand this paragraph at all if I hadn’t listened to the broadcast myself, Lashawn. I agree “changing their currency” was a mysterious strategy with surprising results, but you don’t share any of that mystery or surprise with your readers.