ATTACHING VALUE TO MONEY LESSON PLAN
Teaching Materials
Lesson Excerpt:
Introduction:
Before societies used money, people bartered for the items they needed that they could not provide for themselves. To barter means to trade goods or services in exchange for other goods or services. For example, if one person needed meat and their neighbor needed grain, the meat could be exchanged for the grain. However, bartering only works if both people want to barter at the same time and have the exact item the other party needs. As a society developed, one item often became important to everyone. This valuable item was usually hard to find or was available only in small quantities; often shells, beads, animal skins, or grain. People began to trade the valuable in exchange for goods that they needed. The valuable item became money.
Continued...
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