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Beautiful QUESTION PROJECT

Beautiful QUESTION PROJECT. By: Victoria Salako . The Question. Could today’s society be able to live in a bartering society Meaning could they do away with the exchange of the currency as a whole . What is bartering?.

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Beautiful QUESTION PROJECT

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  1. Beautiful QUESTIONPROJECT By: Victoria Salako

  2. The Question • Could today’s society be able to live in a bartering society • Meaning could they do away with the exchange of the currency as a whole

  3. What is bartering? • By definition bartering is a medium of exchange that results in the exchange of goods for service and vice versa

  4. How does bartering work? • All these actions would need to take place without the exchange of money. As long as goods and services are being exchanged it is considered a form of bartering

  5. How does bartering work?(cont) • Swap meet gathering of people in a common location where they exchange items they no longer need or to just exchange for general purposes. Ex: Clothes, Jewelry, Tool etc.

  6. Service exchange • This would be where people who are proficient in certain tasks offer services to each other at no cost • Ex: Planting a garden for your neighbor and getting a homemade blanket in return

  7. Small business exchange • When small businesses give free services to each other in order to cut back on the budget • Ex: Clothing store gives free clothes to electrician for fixing electrical shortage

  8. Online BARTERING • Finding a barter hosting site , creating a profile and putting up a post describing your item, service, or goods. After that you would wait for someone who needs what you posted to respond

  9. Freecycle.org vs Backyardbartering.org BackyardBartering Freecycle • An online bartering website • Open to public mainly used for bartering of clothes, furniture, electronics,etc • Easy registration process open to almost anybody • Does not assume responsibility for items traded ,trade at your own risk policy • Was unable to get a willing interview subject • Private only accessible to Seattle population • Restricted mainly edible foods like egg, herbs, and spices, milk etc • Limited registration • All potential members must be reviewed before acceptance • Small community type org • They tremendously care about quality & accuracy of product being exchanged

  10. Life below zero: Hunt, barter, & steal • Is a short documentary I stumbled upon while watching TV. It is about Chip Hailstone & how his family survive in Alaska • They barter for bread, ammunition, and any other major things they need • Chip is a hunter & his wife is a home butcher • This documentary shows that bartering succeeds in times of desperation where there is no other alternative • Follow this link below to watch a short clip of the documentary • http://tvblogs.nationalgeographic.com/2013/05/25/life-below-zero-hunt-barter-and-steal/

  11. Documentary • Here is another long documentary about America's use of money • http://www.youtube.com/watch?v=TwmM5Nb6hiE#at=429

  12. interview • Name: Professor Mead • Job Title: Professor of Economics • Q1: In your own opinion do you believe bartering is sufficient replacement for use of currency exchange? • Answer: Absolutely not. He then compared it to replacing cars with horse drawn carriages

  13. Interview(cont) • He explained that bartering would be us reversing the progress that we had made • Follow Up Q: So do you believe that bartering would hurt or help the economy? • Answer: Definitely hurt it, it would decimate the whole economic system

  14. Interview(cont) • Where is the current state of the economy? • Answer: Depends on where you are. If you are at the top its never been better. If you talking about the U.S. its declining. The rich countries of the world have declined they are at the worse state they have ever been. As a result China is benefiting unemployment in Greece is 50%$ for teens. We are basically in another Depression. He called it “the second guillded age”

  15. Interview(cont) • Q3: Do you believe this current state relates to the use of currency? • Answer: No, the amount of the money in rotation makes a big difference in the economy. Let me put it to you like this Ben Bernecky, chairman of the Federal Reserve decided to print less money. The stock tanked as a result. He then chose to just print the amount we as Americans needed and the stock went higher. See the amount of money in rotation makes a huge difference. These problems our economy has can not be traced back to the use of money. For example the mid 90s one of the best times the U.S. has seen money was being exchanged

  16. Interview(cont) • Q4: Is there any possible way bartering could work in your opinion? • Answer: Well I have not heard of much but, I do believe that computers have made it easier. Say we did not have that ype of technology and an accountant needed a plumber. It would be hard tro find a plumber who would need an accountant through word of mouth. Computer’s make it easier for them to directly find what they need. Although the downfall would be that the IRS would have a problem with it due to the avoidance of paying taxes

  17. My experience • After my interviewing Professor Mead, he made me feel as though all the information I had gathered prior on was unable to work. I then decided that I wanted to test my question out by myself. To do so I extended my services onto close friend of mine for no charge. My skill is in make up artistry and my friend is a fashion designer. She told me that her and her aunt were going to host a fashion show and she could not find make up artists. I saw this as a perfect opportunity to barter. I told her I would do it for free as long as I received pictures from the show. Show day came and I kept my end of the bargin. My friend tried her best to do the same but it did not work out. Her photographer never burned her a CD of the pictures and we both had nothing to show for our hard work but memories

  18. My experience • Unfortunately that lead me to the conclusion that bartering is not a better alternate for the exchange of money. I was left regretting my decision because I used up my products, wasted my time, and had nothing to show potential clients. Also since I did not get to interview actual dedicated barters I do not know if those websites I found are as credible as they seem. To answer my Beautiful Question I would have to say that bartering is the only showed to be most successful in situations where there are no other alternatives, in reference to the documentary on the Life below zero: Hunt, barter, & steal

  19. Bibliography • "Backyard Barter - Sharing Food. Growing Community." Backyard Barter - Sharing Food. Growing Community. Backyard Barter Organization, 2013. Web. 22 July 2013. <http://backyardbarter.org/>. • Beal, Deron. "The Freecycle Network." Www.freecycle.org. The Freecycle Network, 1 May 2003. Web. 22 July 2013. <http://www.freecycle.org/>. • "Life Below Zero: Hunt, Barter, and Steal." Nat Geo TV Blogs. National Geographics, 25 May 2013. Web. 22 July 2013. <http://tvblogs.nationalgeographic.com/2013/05/25/life-below-zero-hunt-barter-and-steal/>.

  20. Academic Resources • Documentary: life below zero hunt barter and steal • Documentary: The Money Fix

  21. Personal Research • Interview with Professor Author Mead • Attempting to barter with my friend

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