From Barter to Currency: Why Money Was Invented

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Explain the limitations of bartering and how money developed to solve the double coincidence of wants.

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Understanding Money, Earning, and Budgeting

4th Grade · Social-studies · US-WI-SS

7 lessons

Goal

Learn how money functions, how workers earn income, and how to create balanced personal and family budgets.

7 lessons

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From Barter to Currency: Why Money Was InventedYou are here
Categorizing Types of Money: Coins, Paper, and Digital CurrencyPremiumUp next
The Three Functions of Money: Medium of Exchange, Store of Value, and Unit of AccountNot started yet
Why Everyday Goods Have Specific PricesNot started yet
Earning Income: Wages, Salaries, and TipsNot started yet
Formulating Reasons Why People Save MoneyNot started yet
Creating a Balanced Personal and Family BudgetNot started yet

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Learning standards covered

Econ3.bWisconsin Social Studies Standards · 4th Grade

Money

SS.Econ3.b.1Wisconsin Social Studies Standards · 4th Grade

Categorize types of money (e.g., coins, bills) and explain why money is used. Formulate reasons why people save.

SS.Econ3.b.mWisconsin Social Studies Standards · 4th Grade

Differentiate between the functions of money (i.e., medium of exchange, store of value, unit of account). Assess how interest rates influence borrowing and investing.