Financial Literacy

History of Money

Activity Sheets

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Lesson Description

This lesson is an informative and interactive lesson that takes learners on a journey from the earliest forms of exchanges in human societies to the paper money that we use today. It starts with a brief overview of the history of money, using a graphic historical timeline, then explores the first forms of exchange or the barter system in detail. Students will learn about the birth of this system in primitive societies where basic necessities like meat and tools were traded.

The lesson then moves onto explaining how the barter system developed into markets, and the issues that arose with this system. It explains how humans then moved onto using specific objects as a form of money, using interactive games to make understanding fun and easy. The transition from object money to metal coins is discussed, as well as the problems associated with heavy coins.

The final stage of evolution from metal coins to paper money is presented, outlining its advantages and disadvantages. There's also an engaging, hands-on activity for learners to design their own form of currency. This encourages creativity, and helps them understand the aspects of money better, such as shape, size, name, and value. The lesson wraps up with a comparison of all the forms of money, solidifying understanding and reinforcing key learning points. The interactive and engaging elements ensure students are kept interested and retain the information effectively.

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