SEIZING GEAR FROM THE HOMELESS

It seems counterintuitive that Police would originally take away blankets and other belongings from the homeless when they want them to be safe and well in any harsh weather situations. In Los Angeles, homeless people are prompted to reach out and get a hold of lawyers since these unreasonable actions became too much. In one situation a women was left with pneumonia from the removal of her tent and blanket were confiscated from her. Now, the Los Angels City Council created a law limiting the amount of personal items they can have with them in order to leave enough room for others to roam, but at the same time have a place to stay. Meanwhile in Denver, the mayor has instructed officers to leave the homeless alone until April, when the weather starts to get better. Then, in Seattle, authorities failed to give the homeless citizens correct information on “personal property”, creating an ongoing dispute. As well in San Francisco, they only preserved 23 homeless peoples property, later causing arguments on whether or not these actions should be allowed. Unlike the other cites, Honolulu does not suffer any winters but, the homeless on this island still have to make sure they keep themselves cool enough and can do so if they were able to keep their tents.No one can seem to find a law acceptable to keep everyone safe to their best ability.

THE STREET LEVEL SOLUTION

It seems counterintuitive that housing the homeless does not necessarily diminish the problem of being homeless. We think we know what is right in order to help them, but we really do not. Giving them a home is only step one, but does not entirely fix it all. Having  a home available eliminates part of the challenge, but is we still need to find what to do from there.  A big percentage for reasons why people are homeless are the brain injuries they acquire. These injuries leave them with no job, excessive behavior, and mood swings, making it difficult to live a “normal life”. So, once they are available to live in a home they  are in a better environment to rebuild their life. but it does not stop there. If it has been months or even years, people are unaware of what it is like to be living in a home and having own responsibilities. They need some time to adapt to the living situation and the support for any illness and problems they will go through along the way. Helping the homeless in any way will only help them get back on their feet in order to help get their life in a better place.

TRUMP SHELTERS

It seems counterintuitive that as a President, he would want to help make each state better, but at the same time cut federal funding making problems worse. With the help of the federal, state. and local organizations, homelessness is declining in many communities. When people hear Trump is planning on cutting government spending, all they can think of is the budget cuts from the 1980’s, which we still have not recovered from. That, right there, should be a red flag as to why it is a bad idea. If money is being cut from the federal funding, that leaves a decrease in money distributed to cities and nonprofit organizations where they help the people in need.  Homelessness is the mishap from the lack of access to affordable housing. So, in order to end homelessness, it is about increasing affordable homecare solutions. If this funding continues to get cut, the less money their is to distribute and the more the homeless crisis will only worsen.

Common Ground

   It seems counter-intuitive for homeless people to be living in an apartment complex, that makes it seem like they had the money to do so but chose to be homeless, but that is not the case in this situation. These homeless people living in this apartment complex are on almost a rehabilitation program.It is not their fault they are living like this, housing is way too expensive within big cities where homelessness is rampart, but that is where this apartment complex comes in. Why it is like a rehabilitation center is because these homeless people start out living for free, and eventually become low income tenants, which implies that after having a safe, steady home, less people can slowly integrate back into everyday society. It’s hard to get a job when you sleep on a bench and don’t have access clean water for showers and brushing teeth, but that is exactly what this apartment does. It acts as a grace period for the homeless to clean up, find a job, and then slowly become low-income tenants.

 Housing First

   It seems counter intuitive to travel around all over a city, or a state even, with a van full of goods, searching for homeless people. As vile as it is to imply doing charitable work is useless or not worth it, this seems very expensive and not worth it. Thankfully, this isn’t the case. It actually cost cities and states more to have people be homeless. This amount accrues thanks to fees, and complaints about the homeless, but Housing first is similar to”Common Ground” in which the homeless are put into apartments to live, the only difference is that housing first has “no strings attached”. This implies that the homeless can continue to live there, rent free. The money they earn would go to themselves for medication, food, and personal things. Giving the homeless a place to stay, for free, is far from counter-intuitive, it helps stop the homeless problem, and it keeps these people safe and secure.

Making Homelessness History

   It seems counter-intuitive for those with homes and a steady income to vie to put a stop to homelessness, but that is exactly what the “100,000 Houses Campaign” does for the homeless. The people in this campaign donate time, effort, and money to get these people housed so that the aren’t at risk anymore. The program works in tandem, or if not, similarly to the “Common Grounds” and “Housing First” programs. The essential gist of the program is that homeless people at the high end of the vulnerability index , The work of doctors James O’Connell and Stephan Hwang, which measure the risk of death for homeless people on the street; and get them into housing and to a medical facility. While all three programs focus on getting the homeless into houses,  the difference with this one is the program does not try and scoop a handful of homeless, those at extreme risk should and will be put into housing first.

1. Seizing Homeless People’s Gear

It seems counterintuitive that law officials are taking away possessions from homeless people, considering they have very few possessions to begin with. It may be surprising to find out that tents, blankets, and other crucial items needed for homeless people to survive in extreme weather conditions are confiscated in several cities.

Due to many cities’ anti-camping laws or laws that prohibit sleeping in public, city police officers are ordered to “sweep” the city and seize homeless people’s property. This is often referred to as “the criminalization of the homeless.” In one instance in Los Angles, a homeless woman named Judy Coleman had her blanket and tent seized, and had to be hospitalized for pneumonia caused by being in cold weather. Despite these laws in place, many civil rights groups are actively working to stop the raids on homeless camps.

The active fight against city sweeps has been successful in a few locations. The mayor of Denver recently announced that items that keep the homeless warm in the winter would be taken. Also, in Los Angeles, it is now legal for the homeless to keep their belongings as long as they can fit in a 60-gallon container. The main point taken away is that reality needs to start to sink in for more city officials. It is not necessary to take away what few possessions the homeless have. If their items are taken away, but they remain on the street anyway, then there is no purpose. The goal for cities should be to shelter their homeless people, rather than seizing the items that are essential to their survival.

2. The Street-Level Solution

It seems counterintuitive that housing the homeless is not always the best solution to stopping homelessness. Housing is merely just a first punch in the fight against homelessness, and doesn’t always work out.

Not all homeless people are the same; therefore, every individual has different needs. There is a common factor between some homeless people though. Almost forty percent of the long-term homeless people have some type of head injury. A head injury can cause people to have mood swings, explosive behavior, and losing the ability to think clearly. This is usually why people lose their jobs, and eventually end up on the street.

It doesn’t make sense to think that sticking someone with a head injury back in a house will do the trick. It’s likely that same cycle will repeat itself and the person will find themselves without a home again. People will most likely have trouble adapting to their new home, especially for those who have been without one for years. Their mindset will have to change-no longer do they have to think about trying to survive every day, but have to learn how to fit into a “normal” society again.

So yes, housing is an important step to solving homelessness. Is it the complete solution? No. Many need an environment that will help them mentally, and be around people so they don’t feel isolated and lonely. They also need support in learning how to deal with making relationships, finding a job, managing finances, and just with the struggles of normal day-to-day life.

3. Trump’s Hasn’t said Much About Homelessness

It seems counterintuitive that President Trump has dedicated much of his time focusing on fixing inner cities in America, but wants to cut government spending on programs that have been proven to decrease homelessness. Since homelessness is one of the main problems in inner cities, it doesn’t make sense to want to fix them while at the same time ignoring one of their major issues.

One of the major steps to ending homelessness is to provide affordable housing, and being able to expand that housing. Cutting down on funding for low-income housing and social services is not the way to do that. When federal funding is cut, there is less money distributed to cities and counties. In the 1980s, there were major cuts to housing programs, which started homelessness crisis that the United States still hasn’t fully recovered from. Without money being distributed to programs like Section-8 housing, Community Development Block Grant program, and all other housing programs that are currently being funded, an increase in the amount of people who are homeless is inevitable. In conclusion, a decrease in federal funding to crucial programs that help fight homelessness will not help “fix” inner cities, it will only create more problems.

Common Ground

P1. It seems counterintuitive that the wealthiest country in the world happens to be plagued with an epidemic of homelessness. Luckily, people like Rosanne Haggerty, the founder of the nonprofit Common Ground, take on this battle for a living. Common Ground transformed a condemned Times Square hotel into a home for 650 former homeless and low-income tenants and is now embarking on a nationwide campaign. Despite progress, Common Ground realized that the homeless epidemic was not going down without a fight. The number of homeless still wandering New York City made Haggerty question her next step. Her solution? A former U.S. Army special operations officer Becky Kanis, who excels at accomplishing missions.

P2. Together, they decided that Common Ground needed to take the fight to the people. Representatives from the group would go out and interview homeless citizens to give them a rating from 0-8. The higher the number, the more of a priority they would become for the nonprofit. The logic behind this is that those in dire need of shelter would be prioritized giving those more capable an opportunity to pick themselves up.

P3. Common Ground is not unique in that it has received some harsh criticism. Some say they are avoiding the real issue of unaffordable housing, others say that it’s not making a dent in the epidemic. While the dent may not be huge, it is clear that this organization is leaving its footprint. With its mission now going national, over 70 cities have agreed to participate in the program and about 7500 people now have a home nationwide. Common Ground has now embarked on a journey to house 100,000 people within the next three years and I have faith their mission will be accomplished!

Housing First

P1. It seems counterintuitive that some of the most sophisticated cities in the world have the highest levels of homelessness since the Great Depression. The country has tried to battle this epidemic since its founding but to little success. Luckily, Sam Tsemberis pinpointed the problem and started Pathways to Housing, an organization to change how the homeless receive housing.

P2. Instead of forcing the homeless to become clean of all drugs and alcohol before they received housing, it was Sam’s idea to provide the housing first. He figured that once someone had shelter, they could start improving their own lives. Pathways to Housing started an initiative to provided housing to 242 homeless citizens as a test and results proved this could be the solution.

P3. The road block became convincing the government that it would be a good thing to provide the homeless free housing without a mandate for them to quit using illegal substances or drinking. Matt Minkevitch and Kerry Bate, both of who play a massive role in the homeless shelters of Salt Lake City, knew that this battle needed a higher entity. Lloyd Pendleton, an executive manager for the LDS Church Welfare Department, was then called upon. Pendleton was able to bring the influence of the church to the free housing quest. Church leadership was crucial in convincing the conservative government that this would work along with being a major supplier of food, supplies, and furniture.

P4. Pendleton then made it his mission to place all chronic homeless citizens into housing by the year 2015. With donations from the church and grants from the government, he was only 267 people away from achieving his goal with a year to go. The program proved a success as the cost for these homeless people proved a steady decline. Some say that if  things are provided to people for free, others will stop working and cash in on the free stuff. Others say that the government has no place in giving other people money to those who didn’t earn it. I hope that the majority of America will look at this and see that Salt Lake City eradicated its chronic homelessness. The new mission is to share this solution with all of the cities plagued by chronic homelessness.

Make Homelessness History

P1. It seems counterintuitive that even in this day and age, homelessness is looked at as an inconvenience. Through this false narrative, a  nonprofit, Common Ground, was born. The mission of this nonprofit along with 20 other organizations that focus on homelessness, is to house 100,000 chronically homeless people by 2013. 64 communities have now joined the effort and they are projecting to house 98,000 from their current position. But the organizers say they are just getting started.

P2. This mission not only assists those without a home, but also the community who pays for the homeless’s frequent visits to hospitals and shelters. Los Angeles, for example, has 4,800 chronically homeless people. This only accounts for 10% of the cities homeless people yet this 10% accounts for over 500 million dollars in money spent on the homeless. By putting these chronically homeless into housing, their cost to the community would be cut by 40%.

P3. Knowing this is the next step was made made clear by an organization called Pathways to Housing that used the Philosophy of “Housing First.” This meant that instead of expecting people to be free of drugs and alcohol before they accept the housing, the housing was used as a tool to free people of drugs and alcohol. Thanks to this approach, the solution to the countries homeless epidemic has a solution in sight. The new problem lies with the red tape of government. Jumping this next hurdle will require working with the several different agencies that the government has in place to properly channel the money where it’s appropriate. The level of confusion that followed the system made it difficult for those in need to receive the aide they deserved.

P4. Through battling misconceptions about how the homeless should be treated and trying to cut through the red tape of the government, a plan is in action to eradicate homelessness. Disagreements and negativity would have thought to have been prevalent during this processes but just the opposite has happened. The organization helped volunteers get to know the homeless as people, not as a nuisance. With that bond, people have been going out of their way to help a friend, not a homeless person. This has proven results. This push has taken major steps in eradicating the issue of homelessness and I for one, will support it every step of the way

What Is Money?

P1. Without money I believe that the world would stop turning. Money is what drives us to get up in the morning every single day and to many people it is the key to finding happiness. This is true I theory because the more money one has the less restricted they are with money and they have more freedom they have to do the things that make them happy. However, the question that people tend to overlook is, what really is money?

P2. The simplest example of what money is found in a small island in the Pacific Ocean. The Caroline islands found a very unique form of money. While reading Milton Friedman’s “The Island of Stone Money” I learned about the Yap islanders who used big lime stone rocks that they carved in to discs as currency. Basically its comparable to the gold standard which dictated that currency was worth a certain weight in gold. The yap islanders found that these stones were rare and saw value in them. So the islanders would travel on small rafts to find these huge stones for currency. However, these stones were not used for small purchases they were used mostly for big purchases such as land or in case of an emergency like a natural disaster destroying the islander’s crops. The Caroline islands had a population of six thousand people. I believe this was a great idea seeing as their population was that small an honor code can be utilized as well as a well-organized system of transaction. However, I believe that in a place with a bigger population such as the United States of America that would not work. This is because people are too spread out and with the amount of people in this country an honor code would not suffice, it calls for a more advanced and formal system which is our economy that is backed by the federal reserve bank.

P3. In the podcast “The Invention of the Economy” it spoke about how the US government essentially created the economy during the great depression when it was mostly needed. Fast forward 70 years to circa 2008 and we find that our nation’s economy is at risk to collapse. To prevent this collapse, the federal government had to rely on the federal reserve to solve the solution. In the podcast “Weekend at Bernakies” cleverly named after the Chairman of the Federal reserve, spoke about the federal reserve’s history. The federal reserve is a separate entity than the federal govermant and is not controlled by them. The Federal reserve essentially has the ability to create money out of nothing. In 2008 many companies were in dire need of bailout because they were struggling very much. If those companies went under our economy would take a very big hit. To avoid this the Federal reserve in partnership with JP Morgan Chase began to give money to different banks, hedge funds, and big corporations. This is essentially what saved our economy from complete turmoil. What the federal reserve did is essentially unexplainable since they literally just created money out of nothing. Many companies had to give collateral for the loan and they did this in the form of mortgages.

P4. This in my eyes was the economies get out of jail free card. I believe this because they had to ask for help or risk losing it all.

P5. Something very similar happened in Brazil. In the Podcast “the Lie that Saved Brazil” we learned how brazil had their own get out of jail free card. Brazil for about five decades had a very bad problem. Their problem was inflation every single day multiple times a day prices soared through the roof. So the value of the currency kept going down. To save the economy Brazil brought in four economists who single handedly saved the economy based off of one lie. They Began changing the underlying causes of inflation such as production of money and many other things. They took it one step further and wanted to change the peoples thoughts to be able to fully fix the economy. They chose to create a new virtual currency named URV. The URV was a stable currency which changed in value however the prices of the products being purchased did not. People started to think in URV’s rather than the previous Crusero. This meant they essentially eliminated the Crusero and stabilized the economy which later allowed brazil to begin their new economy and along came their new currency the Real.

P6. Money in the modern age is near impossible to put real value to it. We as a society have created a system that relies mostly on trust. We have to trust that the decisions being made by the head of the federal reserve are positive and the best decision for our country. A prime example of this is the bitcoin a virtual currency that is universal and can be used online. The value of the bitcoin has been very volatile and has gone up and down and has not been reliable. No one person or government can put a value on money because we all have different economies and values.

Work Cited

“The Invention Of ‘The Economy’.” NPR. NPR, n.d. Web. 24 Jan. 2017.

Renaut, Anne. “The Bubble Bursts on E-currency Bitcoin.” Yahoo! News. Yahoo!, 13 Apr. 2013. Web. 24 Jan. 2017.

“Weekend At Bernanke’s.” This American Life. N.p., n.d. Web. 24 Jan. 2017.

The Belief It Will Work

P1. What is the actual value of money and where does it state that our money system is not a complete fraud and has a legitimate backing?  We pay with checks, credit cards, and online websites but money is not actually being exchanged in person. In the podcast “The Lie That Saved Brazil” they state money does not actually exist, it is just the idea that the bank is saying yes, there is a certain amount in your bank account and that is the amount you can spend. Throughout the world the concept of money is the same, but ideology is different. From before we could remember bartering was the primary way to get something you needed. Throughout the years we began to put value on gold, stones, and paper money that people believed and trusted in.

P2. In Yap, a German colony, the monetary system was based on stones. After finalizing a bargain which involved the price of a fei too large to be moved, the new owner would claim ownership without so much as a mark and the stone would sit on the pervious owners property. When the German Government declared ownership of The Caroline Islands they marked a number of the most valuable fei to show they were claimed by the government. With this happening the people of Yap had to shift there methods of payment to what the government enforced. It was a time when the chiefs on the Yap Island were struggling for power they had no other choice than to comply with what the government wanted. The Yap islanders felt invaded and hesitant about the new system because they were all use to the system they created and did not see the flaws in it. In “The Island of Stone Money” by Milton Friedman the Yap Islanders expressed their monetary matters as “the money we have grown up with, the system under which it is controlled, these appear “real” and “rational” to us.”

P3. There were many factors that determined the value of stone money. The first factor was the number of human lives that were lost bringing the stone money to the Island of Yap. Many lives were lost bringing back the stones, there was a lot of rivalry to see who brought back the biggest and most valuable stone. The second was the workmanship, some stones looked different than others being polished although they were of lesser value than the stones that were not polished. The last factor was whether the stone was dedicated to the chief. The people of Yap wanted these stones because it gave the chief more wealth and power. The chief was in charge of land prices and alliances therefore if you brought back a stone that caught the chiefs attention he would accommodate your needs.

P4. In Brazil the way everyone spends money in the mall is new. People can go and pay in installments because of the high inflation rates Brazil has had in past years. Their inflation rate was 80% a month in 1990. If something was ten dollars, in one month it would be eighteen dollars, in six months it would be three hundred and forty dollars and by the end of the year it would be over ten thousand dollars. Brazilians lived with this inflation for decades until it was changed by a couple of drinking buddies. This was a dream come true to those that were struggling with the high inflation rates. People would not live out their dreams or buy the essentials they needed because everything was over priced. Brazil created this system where people would earn one thousand dollars and the prices could not be raised until people earned more money. This way the value of money would stay the same and people could afford things. Brazilians believed in the new system because the government balanced their budget and slowed down on money production. Everyone in Brazil collectively tricked themselves into thinking that this fake “visual” currency was real, more real then the actual money they had in their hands. The belief of everyone made the system work and “visual” money real.

P5. Money is a human invention without our support the chain and flow of money would diminish. In “The Concept and Illusion of Money” by Koos Jansen, bartering developed the necessity to be self-sufficient slowly decreased. For example if a farmer that grew tomatoes and carrots wanted to exchange some of his produce for bananas and oranges he could do so. The option to trade was always open because people were growing more than they could consume. In the early stages of bartering there were several different forms of “money”. One form of money has the advantages that the value of all goods and services have in our economy. Koos Jansen states money is supposed to serve three main purposes: a medium of exchange, a store of value, and a unit of account. The overall concept of money is a matter of trust because by itself it has no use for us, without people spending it it would be another paperweight with no value. Money does not have value because the end goal is always goods and services which we can use and consume.

P6. Fiat money is used around the globe today. Milton Friedman states in “Quantity Theory of Money” it is created by central banks and it can exist in paper, coin, or digital form. Paper money can be made by printing paper or typing amounts into a computer, there is no limit on how much or how little we can print at once. When flat money is created it is exchanged for assets from the central bank. The central bank collects government bonds to keep the money flow going. The amount of gold circulating into the economy starts to grow faster than the amount of goods and services it can be traded for causing the value of gold to decline compared to all the goods and services, being there is an oversupply of gold.

P7. The money system is counterintuitive because currency is not backed by a commodity but all currencies are really fiat currencies. In Forbes article “All Money is Fiat Money” by Pascal-Emmanuel Gobry they make a comparison to how a cigarette based currency system would work because people would mass cigarettes, use them as a medium of exchange and store of value, etc. Currency is easy as a common agreement, gold is valuable because we have all come to agreement that it is. Switching to fiat currency means money supply is linked to commodity. Everyone in the world wants to believe everything has some type of sentimental value but the value of the marketplace is simply made up by supply and demand and nothing else. It is frightening to think the US dollar and currency system are actually worth nothing but a common agreement to use the currency.

P8. Without the monetary system we would end up in entire chaos. It has become second nature to us, that we cannot imagine ourselves without it. Society is in the habit of living a certain way where money gives us order, stability, and security, among other things. Money determines the way we live our personal lives and what society class we live in it also rates our country and what type of nation we live in. Governments look for wealth, which give them power to control our money. It determines so many factors in our lives such as: our behavior, what we do and how we use it. According to “Faith-Based Currency” money’s definition can and does change throughout our lives, and throughout history as a whole, however, the fact that it has become something so important to us makes it our real religion the one we all believe in, and the one that really shapes our lives and our beliefs.

Work Citied

“The Island Of Stone Money.” NPR. NPR, n.d. Web. 28 Jan. 2017.

User, Super. “History of Money.” History of Money. N.p., n.d. Web. 28 Jan. 2017.

Friedman, Milton. “Quantity Theory of Money.” Money (1989): 1-40. Web.

“Faith-based Currency.” Daily Reckoning. The Daily Reckoning, 30 Oct. 2006. Web. 28 Jan.      2017.

“The Concept Of Money And The Money Illusion.” Koos Jansen. N.p., 31 Aug. 2016. Web. 28 Jan. 2017.

Gobry, Pascal-Emmanuel. “All Money Is Fiat Money.” Forbes. Forbes Magazine, 08 Jan. 2013. Web. 04 Apr. 2017.

What is Money?

P1. Does money really have a value? It is a question that has many different answers and no one is really right or wrong. All throughout the cultures of the world money has different meaning and different value. Cultures other than our own have used different objects as their source of money, but the idea of what is stood for was very similar throughout cultures. In the United States we did not start out with paper money, in fact we started out with just exchanging goods. We then moved on and created a material used to obtain different things, which was gold. From there on it went to what we have now, paper that truly is not worth anything. Our money today is simply just pieces of paper that everyone agrees is worth some amount, but really it does not have any value to it. We are just told that there is value to paper money and it is something that is just believed to have value to it. There is really no value to money when it is not physically there, rather in a bank account, it is just a bunch of numbers that we trust is worth something in the world. Money is subjective and seen different all over the world.

P2. One culture that uses a different form of money than America’s in on the island of the Yap. On the island of the Yap, money is in the form of stones and they are exchanged throughout the island to purchase different things. Some stones were bigger than others or harder to get to which made them more rare which in turn made them more valuable. When Germany seized control of the island in the early 1900s the islanders labeled certain stones that were to be taken away. This made the stones worth more and more rare. The people of the island of Yap really demonstrated that money is what is made of it. The people living in a certain region are the ones who determine what is valuable and what is their idea of what money should be. The idea of using stone money as currency was easily doable by the Yap because it was not a large community and the rocks were abundant enough to be used as their movable currency. The same idea would not be able to be put to action in a larger populated community or a more modern community because people like to be able to move around with their money and use it freely as they wish. The Yap did not feel that they needed to be strict with their money and they did not believe they needed to always have their money with them. In their culture the man’s word was trusted just as much as physically having the stone with them. This trust was necessary for the survival of the Yap’s monetary system because some of the rocks were so large they were not able to be moved easily.

P3. Currency is what people determine its worth to be and this is seen by how the Yap’s currency functioned. Even though they used stones as their currency they are still similar to other cultures and they can still have a surplus or a deficit. A lot of  countries have been dealing with inflation issues with their currency for a long time and one country that is really struggling with this is Japan. The name of their currency is a yen. A yen is very similar looking to the US dollar, but it is worth less because there is a surplus of them in Japan. When there is a surplus of currency in an economy the value of that piece of money goes down. When there is a surplus of money in an economy it causes prices to go up, which makes people need more money to purchase less goods and services because the currency is worth less. A yen is only worth ninety percent of what it actually should be worth, which causes people to spend more and receive less in return.

P4. With a surplus occurring in Japan the opposite was happening in the United States during the early 1900’s. The opposite being the Great Depression and during this time dollar bills were very hard to find because the government was struggling to handle the country’s finances. This made money become worth more, but also a lot harder to find circulating throughout the economy. Since money was harder to find it was labeled as more valuable. This was an example of currency’s worth being determined by what people decided they wanted it to be. To try and combat the Great Depression the government had to come up with the economy. The government started to realize that money could not just be spent as they wished and there needed to be a structure to the country’s spending. By coming up with the economy a dollar’s worth was able to be determined based off the demand of it.

P5. Every unit of money is worth something different depending on the place you are at.  Even though it is different between cultures and places it is still possible to purchase things by just transferring their money to the new currency. There has been a new type of money that has come to the surface called bitcoins. A bitcoin is online currency that is stored in a computer and never put into anything physical. This money is universal and does not need to be transferred into another unit because it can be used all across the world. With bitcoin there are a couple setbacks. They can really only be used online, they are not worth the same as other currencies, and bitcoins are commonly used to complete illegal activities. If bitcoin’s popularity increases, their value will increase. Money’s value increases or decreases depending on its demand and determined worth by the people.

P6. Money is viewed and used differently throughout the world. Even though the Yap use stones and the United States uses paper they are both used in the same ways. If something is valuable to someone then it will have worth. Throughout the world currency looks different, but it is used the same to purchase different goods and services.

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