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Bartering
Background Information:
During the early years of the colonial period,
British money was scarce throughout the thirteen colonies. The settlers
began to barter for the goods and services they needed.
Time Required: 2class period each 1 hour long
Materials:
·
Computer with monitor in classroom, computer lab, or Smart
Board.
·
Brainstorming sheet for board, or if you are using the
Smart Board, take notes on it.
·
One piece of 9x12 white construction paper for individuals
or partners to create a page in a modern day bartering book.
You could also do this as a PowerPoint presentation by having
partners or teams create one bartering slide.
Combine work to make one finished product.
Curriculum Standards:
Curriculum Standard 6.
Students will demonstrate the ability to examine the interaction of
individuals, households, communities, businesses, and governments in
market economies including competition; specialization; productivity;
traditional forms of enterprise; and the role of money and financial
institutions.
Demonstrate the use of barter and
money in everyday settings. Explain how barter
and money are used in market economies to facilitate the exchange of
resources, goods, and services
Objective: As a result of this lesson, students will be able to
define bartering and give an example of an item used for bartering
during the Colonial period.
Setting the Stage: Visit bartering web site--http://www.rich.frb.org/econed/museum/1c.html
Read the definition of bartering. Discuss bartered items
including reasons why they were used.
Strategies/Procedures: Imagine
that the U.S. mint in Washington, DC closed.
Brainstorm a list of items we could barter today if we were short
on dollars and coins. Record the list on the Smart Board, on the board,
or on chart paper. Make
sure they understand that a bartered item must be something abundant and
in high demand.
Assign each individual or partnership the task of creating a page for a
classroom book, or a slide for a PowerPoint slide show. The page must
include a picture of the item, as well as, a short description.
Evaluation/Assessment:
Students will present their
page on a modern day bartered item.
They will explain why they chose it, and read the description. |
