THE HISTORY OF MY FIRST PAYCHECK

I can clearly, confidently and accurately predict exchange systems of the future based on my historical knowledge of the importance of money and analysis of each method of exchange, beginning with self-reliance up through fiat, as well as explain methods used to determine value and trust.

What is Money?• Brainstorm (On your own)

– Why do we use money at all?

– Why is money made out of cotton (paper money) or metal (coins)?

– What is the point of a $2 bill?

– What happens when you move, where does your money go?

• Group Challenge– Come up with four basic rules for money

Money is anything people accept to pay for goods and services.

DEFINITIONMONEY: A commodity or asset, such

as gold, an officially issued currency, a coin or paper note, that can be legally exchanged for something equivalent, such as goods or services.

MONEY IS:• DURABLE Lasts a long time

• DIVISIBLE Divided into smaller units

• PORTABLE Easily be carried

• SCARCE Not enough to satisfy demand

• ACCEPTABLE People accept it to exchange

A WORLD WITHOUT MONEY

IN ONE HOUR FROM NOW – EVERYONE IN THE WORLD WILL LOSE ACCESS TO THEIR MONEY.

Paired Discussion• How can you meet basic needs in a world

without money?

• What needs could be met in this new environment?

• Which needs could not be met in this new environment?

Tell us a story• As you imagined a world without

money, collaborate with your groupto write a short story about a teenager within that world.

• You will share your story with the class.