Connect the dots I`ll Trade You wampum buy something

Transcription

Connect the dots I`ll Trade You wampum buy something
Dog
Dog Tale
Tales
s
®
a k-9 correspondence from the nefcu dollar dog kids club
I'll Trade You
wampum buy
something?
To do business with each other,
communities had to decide how
much their currency was worth
compared to someone else’s
currency, like when the first
settlers came to America.
The
Native Americans used currency
called “wampum” which was
made of clam shells strung
together. Believe it or not, the
island of Manhattan was bought
for strings of wampum that were
worth about sixteen dollars in
Dutch coins!
As you can imagine, even though
wampum was widely used,
people needed currency that was
easier to use. Once States were
formed, the first American printed
currency—the Continental—was
put into use to help finance the
American Revolutionary War.
Years ago, most people were farmers, hunters or craftsmen who made
useful things. Bartering worked pretty well. A hunter could trade meat to
a farmer for vegetables. But what if the farmer didn’t need meat? Then
how would the hunter get vegetables? He might try to trade some meat to
someone else to get something the farmer needed. The solution to their
problem was currency, or as we call it today, money. Everyone agreed to
accept currency for things rather than bartering for them.
Throughout history, many different things have been used as currency,
like grain, spices, animal teeth, fur, seashells, jewels, even almonds.
People chose their currency because it was useful, like grain or spices, or
because it was pretty, like seashells or jewels, or because it was hard to
get, like animal teeth or fur. People around the world used many different
things for currency, but eventually metal coins became the form of money
that was easiest to use.
How Much Things Cost
Before you spend all of your allowance on a single purchase, make sure
you’re getting the best deal. By going to different stores and comparing
prices, you can save money. Here are the average prices of some things
you may want to buy:
• New DVD - $20
• Used Video Game - $17-$30
• Used DVD - Under $10
• Board Game - $15-$25
• New Paperback Book - $8-$12
• Pair Of Jeans - $24
• New Video Game - $60
• Walkie-talkies - $30-$60
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A Shooting Star!
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Dog Tales
Dog
Tales
®
a k-9 correspondence from the NEfcu dollar dog kids club
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