The Value of Money

Why does money have value? That is such a good question, one that I have never really bothered to think about or answer. I believe that money only has value because people give it money. They know that money is just paper, unless value is assigned to it. People understand that more money means they can buy more products. Thats why people work so hard. They put in their services to makes more money. More money means they can exchange it for things that they want. Its as simple as that.

How much value does money have when you are freezing cold, with 1 million dollars, and in the tundra by yourself? Absolutely zero. None at all. Why? Because value only has money when people give it value. The only value that money in that situation would has is to burn it to stay warm. Thats it. Same goes for having american money in another country. It has no value unless you exchange it because the people there see no value in it. They can't do anything with it. So what is the value of value? The value of money is exactly what YOU give it.

Tasmania

History:
Tasmania, located off the south shore of Australia, use to be a part of Australia itself quite a while ago. Rising sea levels cut off this land mass and created the area known as Tasmania. There were roughly 5,000-10,000 indigenous Tasmanians when the British discovered the island in 1804. Just like Australia, the British were greedy for more land so they invaded this island. The tide of new settlers and conflict caused the destruction of the culture of the indigenous people and the population itself. In 1832 the last free groups of indigenous Tasmanians were basically sent to a concentration camp on Findlers Island, and in 1847 the survivors of that were returned to Oyster Cover near Hobart. By 1876, the last of them had died. In 1901, the island became a state in the New Commonwealth of Australia.

Why was it settled?
Well, the first reason was just pure greed for new land. Once the British started sending convicts to this island in 1822 (due to overpopulation), this island could be considered a penal colony. Later on, some of its purposes included being a very important whaling fleet homeport; and it was very rich in mining and agriculture.

Contributions now:
Agriculture-- potatoes, peas, beans, and carrots. Also, they produce among the finest and most expensive wool in the world.
Mining-- leading producers of zinc, and recently major mines of gold, silver, iron and tin have been discovered.
Forestry-- fueled by its fine state's plantation timber.
Tourism-- this a huge part of this countries economy due to its pristine environment and diverse attractions along with natural characteristics of the state (seafood)