Friday, November 16, 2012

Money and currency in Hawaii

          In the 1920's the sugar industry had a big impact in the world stock trade. Sugar use to be an important factor in trade, and now money like yen can be converted into US Dollars. The Hawaii trade center is an important factor in Hawaii's Tourism. The Hawaii Trade Center is a place where people can change their money into different currencies.  Other factors can affect these things like a fall in the economy, or a big disaster. A stock market is a place that show how much money is worth in a different currency for example, in the US one dollar is worth 100 Japanese yen. The stock market affects tourism in many ways.

          The impact of a big disaster can affect tourism in many ways, an example of that would be the nuclear disaster in Fukushima. Many of the tourist that come to Hawaii are from Japan, and after the disaster the prices of companies and stores dropped because there's less tourism. To maintain their stores of  they have to maintain a decent price to help pay workers and to keep maintenance. If there is less tourist the businesses need to lower their prices or attract more people. Surprisingly Hawaii is the 2nd most expensive place to live in Hawaii, with an averaging home price of $709,945.

          
           Hawaii's Stock Market is helping local businesses. With lots of big companies coming to Hawaii, lot of small local businesses are shutting down. This is having a big impact on people who have a small businesses to support their families. Lots of big companies are finding great interest in making a profit in Hawaii.

          Hawaii is a big tourist destination for people with sunny skies and big Aloha. There is a downside to Hawaii like the cost of things and the overcrowding of tourist. The Hawaii stock trade is an important reason why tourist shop and buy in Hawaii. With different factors affecting it, the stores and  need to maintain to keep a profit.

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