Why Do We Need Money?

What did people do before we had money?

• they stole what they needed

• They traded things for other things

• They grew everything they needed

• Everyone was able to get whatever they needed

What is another word bartering?

• selling

• borrow

• trade

• give

What are commodities?

• toilets

• clothes

• friends

• things everyone values

What did people value in China?

• shells

• turkey

• salt

• peanuts

Why did the commodity system not work?

• It was too difficult

• Everyone didn't value the same things

• People took advantage of others

• No one had any turkey to trade

Why did people want standard money? Pick more than one - Pick 2

• People wanted to carry it easily

• It had to be green

• It needed to be hard to destroy

• It had to be salt

Where were the first metal coins made?

• Hamburg

• Switzerland

• United States

• Turkey

Where was the first paper money made?

• China

• United States

• Mesopotamia

• Rome