Why are US dollars no longer backed by gold and silver? What is our medium of exchange, and what would it be like to live in a barter economy? Learners consider these questions, as well as learn about the major historical events in the evolution of American currency.

Concepts

deflation, inflation, money supply

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Additional Tags

deflation, inflation, money supply, cross of gold, social studies

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Classroom Considerations

• Will require more time to prepare for simulation and instruction

Pros

• All activity handouts and instructional materials included
• Involves engaging and in-depth simulation, as well as analysis of historical primary source documents and political cartoons

Cons

• None

Common Core

RH.9-10.4 RH.11-12.1 RH.11-12.2 RH.11-12.10 WHST.9-10.1.a WHST.11-12.4 WHST.11-12.5 WHST.11-12.9