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October 16

posted Oct 16, 2012, 5:23 AM by Peter Knowles   [ updated Oct 16, 2012, 10:54 AM ]
Economics Standard
2.1 Understand that people have to make choices between wants and needs and evaluate the outcomes of those choices

Date:  October 16, 2012Social Studies Standards  
Vocabulary Terms
Target Question
How did people create new ways to carry out trade to get what they did not have?WHAT YOU SHOULD LEARN TODAY
Content ObjectiveStudents will understand how money was invented and further changed to meet changing economic needs. WHAT YOU SHOULD LEARN ABOUT THE SUBJECT
Language Objective   Students will become familiar with the economic terms currency and debasement by reading about the terms and providing definitions.  HOW YOU WILL COMMUNICATE WHAT YOU LEARN

Activity
InstructionsQuiz over yesterday's assignment: Use your own notes/assignment, but not the textbook or help from anyone else, to do your best on this Quiz.

After you take the quiz (and perhaps check your results) it's time to begin today's activity where we look at the choices people made to develop money to help meet their needs. 

You'll need a username and password to login to the next resource. Get them from Mr. Knowles

Use the information at World Book Online to answer the following questions. (Use your own paper, or create a Google Doc to record your answers)
  1. Why did the development of farming societies lead to the creation of money?
  2. What is debasement?
  3. How have civilizations attempted to avoid debasement?
  4. What three civilizations may have created the earliest types of coins?
  5. What different types of metals have been used to create coins through the years?
  6. What is currency and where was it first used?
  7. What advantages did paper currency have over coins?
  8. What disadvantages did it have?
NOTE: Include the reference/citation information at the bottom of the page in your assignment to show where the information came from. You may copy/paste the information there into your assignment.

ThenSTEP BY STEP INSTRUCTIONS ABOUT WHAT TO DO


REMEMBER: To do your best on summative assessments, you'll need to use not only the information that we've discussed in class, but also include information from outside of classroom activities, either from information you already know, or from additional research you complete. Conduct your own research if necessary, or visit the Extension link below for ideas.
Formative AssessmentQuiz on today's assignment on money tomorrow at start of class.HOW YOU WILL DEMONSTRATE WHAT YOU'VE LEARNED TODAY
Summative Assessment


Our next summative (graded) assessment will be an answer to the following question:  
How have people's economic choices in history created consequences for later generations? 
Start thinking about examples you learned about today. They will come in handy when you need to write about them later.
WHAT TO DO WHEN FINISHED WITH TODAY'S ACTIVITIES 
ExtensionHOMEWORK--20 MINUTES: Complete the assignment above if you haven't already done so. If you have, read about how money helped transform European society in the middle ages. Read pages 132-135: Peasants, Trade, and Cities. Answer these questions: 
1) What resources allowed European farm production to increase?
2) How did changes in agriculture lead to a need for money and the growth of cities?
3)How did the revival of trade and trade routes change the economy of Europe?
Define:
1) barter
2) money economy
3) commercial capitalism 
WHAT TO DO IF YOU'VE FINISHED THIS WEEK'S SUMMATIVE  ASSESSMENT, OR WANT TO LEARN MORE ABOUT TODAY'S TOPICS
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