Images and texts aligned to Florida Econ Standards (focus 3rd grade)

1. http://etc.usf.edu/lit2go/68/fairy-tales-and-other-traditional-stories/5089/jack-and-
the-bean-stalk/
Source: Fables and Fairy Tales. 0019: Anon., The History of Jack and the Bean-Stalk;
Author: Anon. Title: The history of Jack and the bean-stalk. Printed from the
original manuscript, never before published; B. Tabart, At the Juvenile and School
Library, No.157, New Bond-Street, 1807

2. People trade when they need to satisfy wants. Resources are scarce and
we always want more than we can get. What was Jack’s scarcity problem?
A man offers Jack a handful of beans to trade for a cow. Who was the
buyer? Who was the seller? Can Jack use these beans to buy goods and
services?
.
Standard SS.3.E.1.3 Recognize that buyers and sellers interact to exchange goods and services through the use of trade or money.
Standard SS.3.E.1.1 Give examples of how scarcity results in trade

3. Maybe Jack couldn’t use those beans to trade for goods
and services today. But he could a long time ago! People
used trade or “barter” to exchange for goods and
services. In fact cows were used as one of the first and
oldest forms of money. People also used grain and other
vegetable plant products, like beans as money.
http://www.pbs.org/wgbh/nova/ancient/history-money.html9000-6000 B.C.

4. Another old form of money came from the sea. There is
evidence that cowrie shells were used in China and Africa.
They are found in the shallow waters of the Pacific and
Indian Oceans. Native Americans also used shells strung
together as currency, called wampum.
http://www.pbs.org/wgbh/nova/ancient/history-money.html1200 B.C.

5. Money needs to be . . .
After examining these five characteristics of money,
do you think beans can replace the money we have
today? What about cows? Or shells?
https://www.richmondfed.org/~/media/richmondfedorg/publications/education/my_money/pdf/mmstudentworkbook.pdf
Standard SS.3.E.1.2 List the characteristics of money.

6. Item Portable Divisible Durable Scarce Generally
Accepted
Cows
Beans
Shells
Feathers
Eggs
Beads
Could any of these items replace the money we have today? Why or why not?
______________________________________________________________________
______________________________________________________________________
From cows to cowrie shells, people have used many different items as money. In the
chart below, fill in two items that are used for trade or money. Then, use the
characteristics of money to rate these items with a + if the item has the characteristic,
a – if the item does not have the characteristic, and a ? if you are not sure.

7. Metal money started in China. The money was made with holes
in the middle so it could be carried.
1000 B.C. http://www.pbs.org/wgbh/nova/ancient/history-money.html

8. Modern coins were stamped with images of gods and kings. These early coins
appeared in Lydia, which is now Turkey. The techniques were copied. These
early coins first appeared in Lydia, which is part of present-day Turkey, but the
techniques were quickly copied and spread to other countries.
500 B.C. http://www.pbs.org/wgbh/nova/ancient/history-money.html
http://mapmaker.nationalgeographic.org/http://www.ancientanatolia.com/map07.htm

9. Today we still use coins. We also use paper and plastic money.
Today, some people use paper
money. Identify the following text
features: the amount, the nation
that the money is from, and an
image of a leader. What other
features do you see?
Many people use credit or debit
cards to pay for goods and services.
A credit card is a plastic card that is
used to buy goods and services that
people agree to pay for later.

10. Different countries use different types of money. If Jack was going to trade in different countries,
he would have to use their money. Look at the text features to match the money to the countries
of United States of America, Canada, Mexico, and Barbados. Then compare and contrast this
money. money.
Standard SS.3.E.1.4 Distinguish between currencies used in the United States,
Canada, Mexico, and the Caribbean.