Inflation and Money
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Students define money in terms of its functions and refer back to discussion of markets and the role of money in reducing transaction costs. They give examples of types of money.
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Money and Inﬂation: A Functional Relationship
What is the difference between money and bartering, and how is money valued when considering inflation? Delve into the correlation between these fundamental components of economics with this detailed resource, which consists of reading...
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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...
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In the context of a discussion about real wealth versus the representation of wealth (money), Sal explains the multiplier effect and how 1000 pieces of gold can become 2710 pieces of gold. Viewers will appreciate the annotations and...
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What Gives a Dollar Bill Its Value?
What makes a one hundred-dollar bill valuable? Here is an excellent, straight-forward animated video to help your learners grasp the concept of inflation and the purpose and policies of the Federal Reserve System.
4 mins 10th - 12th Social Studies & History CCSS: Adaptable