Students explore the ways people around the world earn and spend money. They brainstorm possible careers and graph their personal interests on a class graph.
One 45-Minute Session
The learner will:
Anticipatory Set:
Tell students that people all over the world use money to trade for the things they need. Ask them to explain how using money is like trading. Discuss why currency (money) is more efficient than trading. Tell them that the money from different countries has different names and values, but almost everyone uses some form of currency to trade. Optional: Refer to handout two to share facts about currency in countries around the world.
Use ideas from the graphing activity to engage students in a discussion about what they are interested in doing, which will lead to a later discussion about their talents and interests they can contribute to a service project.
Have students raise their hands if they help around the house with jobs to support their families. This may include cleaning and caring for younger siblings. Tell students that many children around the world work at jobs to help support their families. In some families, children do not have the ability to go to school because their families need their help around the house, collecting water, or taking care of other children. Other children must go to work at a job to earn money to support the family. See the following article for facilitator background on child labor: http://www.unicef.org/protection/index_childlabour.html.
Language Arts: Have students write a letter to an employer in a rug factory in Pakistan who hires child labor. Write an appeal for the employer to be sensitive to the needs of the child (education, time to play, a fair wage). They do not need to send the letter, but use the opportunity for students to express their personal reaction about the injustice of the situation.
A country’s currency is an excellent indicator of its financial health and practices. Below is a chart containing the currency, national debt, and per-capita income (how much the average person in that country makes a year). This may be used as a resource in the context of the upcoming activities. When presenting this to youth have them take a look at the chart below and look for differences between the nations featured. Discuss how these figures match up with what they already know about these countries:
|
Country
|
Currency
|
National Debt
(2009)
|
Per Capita Income
(US dollar equivalent, 2008 est.)
|
Interesting Facts
|
|
Australia
|
Dollar
subdivided into 100 cents
|
$920,000,000,000
|
$38,1000
|
|
|
Brazil
|
Real
subdivided into 100 centavos
|
$216,100,000,000
|
$10,100
|
|
|
China
|
Renminbi
units are the Yuan (元), Jiao (角), and Fen (分): 1 Yuan = 10 Jiao = 100 Fen.
|
$347,100,000,000
|
$6,000
|
The Chinese invented paper money in the 9th century.
|
|
Ethiopia
|
Birr
Subdivided into 100 santim
|
$4,229,000,000
|
$800
|
|
|
European Union
(Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain)
|
Euro is the official currency of 16 of the 27 Member States of the European Union (EU).
|
|
US$7,000 to US$69,000
|
|
|
Guatemala
|
Quetzal
subdivided into 100 cents
|
$7,489,000,000
|
$5,200
|
|
|
Japan
|
Yen
Large quantities of yen are often counted in multiples of 10,000.
|
$2,132,000,000,000
|
$34,200
|
The yen is the third most-traded currency in the foreign exchange market, after United States dollar and the euro.
|
|
India
|
Rupee
subdivided into 100 paise (singular
paisa)
|
$223,900,000,000
|
$2,800
|
|
|
Indonesia
|
Rupiah
subdivided into 100 sen,
|
$150,700,000,000
|
$3,900
|
Inflation has resulted in coins and banknotes denominated in sen as obsolete.
|
|
Mexico
|
Peso
subdivided into 100 centavos
|
$177,000,000,000
|
$14,200
|
The peso was the first currency in the world to use the "$" sign.
|
|
Nigeria
|
Naira
subdivided into 100 kobo
|
$9,689,000,000
|
$2,300
|
|
|
Russia
|
Ruble
subdivided into 100 kopeks
|
$369,200,000,000
|
$15,800
|
|
|
South Africa
|
Rand
subdivided into 100 cents
|
$73,840,000,000
|
$10,000
|
|
|
United Kingdom
|
Pound sterling
|
$9,088,000,000,000
|
$36,600
|
|
|
United States
|
Dollar subdivided into 100 cents
|
$13,450,000,000,000
|
$41,000
|
|
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