Students learn about the money supply and that it can affect the value of money. Students investigate this in the 1896 presidential election (Bryan vs. McKinley, Free Silver vs. Gold Standard) and examine a political cartoon that depicts how some people felt about this issue. Students answer questions about what they would do with more money and what might happen if the money supply increases.

Concepts

deflation, inflation, money supply

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Additional Tags

council for economic education, econedlink, econedlink: one is silver and the other's gold, functions of money, price, role of government

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Classroom Considerations

• Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)
• The intended use for this resource is Instructional