Money

Lesson Plan - Get It!

Audio:

Now, take a closer look at the bill. Observe the symbols, words, and numbers printed on it.

• Why do you think the $1 bill is marked this way?

Money has been used in the United States since settlers arrived in the late 1600s. However, it wasn't until after the Civil War that the funds we recognize today started circulating.

You can learn more with The History of U.S. Currency timeline. (The timeline expands as you scroll down.)

• Why do you think the concept of money was introduced?
• Why can't people just trade or barter for the items they need?

Next, think about the functions of money.

Money helps people trade goods and services, store value, and measure wealth. These functions allow the economy to run smoothly. Write down what you think each function means.

Now, examine the system of bartering more closely with the following video, which will help you understand its limitations.

After the video, answer these questions.

• Was it easy to barter?
• What are some problems with bartering?
• What are some shortcomings of the bartering system?

Once you've considered this, proceed to the Got It? section to learn more about why we need money.