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https://www.youtube.com/watch?v=wmrD_d9BdjU Aug 19, 2015 Can there really ever be Too Much Money? Yes! When governments keep printing money without backing, reducing the purchasing power of your money; when the price of almost everything goes up, it’s because government has inflated the money supply. That’s inflation. At its most extreme, inflation can destroy economies, leaving money practically worthless. It happened in Spain in the 16th and 17th centuries, in 1777 during the American Revolution, in Germany after WW I, and in Bolivia in 1985. When and where might it happen next? izzitEDU
Too Much Money covers numerous educational standards across several subject areas including ELL, Media/Technology, Language Arts, and Social Studies for Grades 7-12. To learn more about this educational program, and which standards it covers specific to your grade, subject area, and which standards your district is using, visit our educational program summary section for this video here: https://www.izzit.org/products/detail.php?video=too_much_money
___________________________ is when government creates too much money.
When government creates too much money, its ___________________________ ____________ goes down.
You get credit based on how much you earn and your ability to _________ ____________ what you borrow.
Government can spend a lot of money because it can _______________ a lot of money.
In 1777, Congress was desperate for money to ____________ _________ _________.
Prices at Valley Forge were _________% higher than they were at the beginning of the war.
From 1500 to 1800, the Spanish Conquistadors carted 70% of the world’s ____________ and 85% of its __________________ back to Spain.
Too much gold and silver created the same problems as too many ____________________________________.
During the Century of Gold, the supply of money increased dramatically, and the _______________ of money (gold and silver) went down.
After World War I, the Allies presented the German government with a bill for _________ _____________________ marks.
Five years after World War I ended, one dollar would buy 4.2 ________________________ marks.
By 1930, all that crazy, out-of-control printing of money had destroyed the economy of _____________________.
In Bolivia in 1985, prices were soaring at an annual rate of ______,_________%.
A 2-liter bottle of cola that sold for five Bolivian pesos ended up selling for 40 to 50 _____________________ Bolivian pesos.
Paper money was plunging so fast in value that people would rush to convert it into anything of __________________ _______________.
Inflation was happening so fast that people didn’t know how to _____________________ their families.
Bad ________________________ policy has destroyed the livelihood of millions of people around the world.
__________________________________________ happened in Bolivia in the 1980s; it happened in Germany in the 1920s; and it happened in America in the 1700s.
Inflation causes __________________ __________________, not the other way around.
List three things governments buy on credit. A) B) C)
Why wouldn’t American farmers sell food to George Washington’s Continental Army during the Revolutionary War?
When the British spread counterfeit Continentals around the American colonies, how was this “inflation as an act of war”?
What is the difference between the Continental Congress printing Continentals and the British printing them? Do their intentions matter? Explain.
How might inflation change our pattern of savings or affect the risks people take when they decide to save or invest their money?
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