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MONEY SERIES
1 2
9000 B.C.E 640 B.C.E 806 C.E 1160 1619
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farm animal and first metal first copper first bank tobacco used
plants used as coins money made loans made as money in
money in China in England Virginia
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1
B.C.E – Before the Common Era
2
C.E – the Common Era
Before people used money, they used other things that were valuable to them, such as plants or
animals, to pay for things. Over the years, people developed more convenient ways to buy things such
as loans, checks, and credit cards. Another convenient type of money is electronic money. Electronic
money represents real money but can be saved on a computer or on an electronic cash card. Electronic
money makes it easy to send money over the Internet. Today, there are many ways to buy things. But it
is also easy to spend too much money. People can have problems when they spend more than they
earn. As a result, many people are often looking for ways to save money.
One way for people to save money is bartering. Bartering means trading one thing for another
without using money. For example, one person might exchange some food for some clothing or other
item with equal value.
Before people used money, they bartered for the things they needed. Today, people, business,
and governments still barter as a way to save money. For example, a business might barter for goods,
such as machines, or services that another business can do for them. Some people use the Internet to
find other people interested in bartering. Other people use community barter networks. A barter
network is a group of people that trade with each other. A barter network provides its members with
the chance to save money and get to know other people in their community.
Choose the best definition for each word. Circle your answer.
EXPRESS OPINION
Read the statements and circle agree or disagree. Then discuss your answer with the class.
1. The Compact is a group of people who promised ___not to buy anything for a year______.
2. Members of the Compact can buy new____food, medicine and necessities___________.
3. The members of the Compact think ____most people have too much stuff they don’t need____.
4. Members of the Compact __borrow,buy things used, or barter_____ to get what they need.
5. Mark needed to buy __new paint______.
6. There are __thousands_____ of members of the Compact.
7. Nathalie likes shopping for ______new clothes_____.
Are you looking for another way to save money? If so, you should try shopping at flea markets. Flea
markets are a great place to find lots of interesting used items without paying an arm and a leg. There
are wonderful flea markets all over the world, including Maxwell’s Street Market in Chicago, the Grand
Bazaar in Istanbul, La Merced in Mexico City, or the Marche aux Puces in Paris.
Did you know that our city has a flea market too? It meets every Saturday in the parking lot of
South High School. People come to buy and sell all kinds of things: furniture, clothes, artwork,
electronics, and more, some of the items are expensive. For example, you may not be able to afford
some of the antiques. But most of the items are really cheap. You can really find some great bargains.
The best way to save money is to bargain with the sellers. That’s how I got a good deal on a jacket last
Saturday. At first, the sellers asked $100 for it, but I bargained with him until he agreed to take only $50.
My friend got an even better deal. She bought a painting that only cost $10. Later, she found out that
the painting is worth $300! So, if you are looking for a fun new way to save money, you should head to
the flea market. It’s really worth it.
Match the words and phrases on the left with the definitions on the right.