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LESSON: A NEW COAT FOR ANNA
Lesson Summary
At
the end of World War II, Anna needed a new winter coat, but
her mother had no money. They use valuable things they own to
barter for the goods and services needed to produce the
coat.
Concept: Money
Definition: People trade (exchange) with each other
to get the goods and services they want. To make trade easier, people
use money. Money is anything widely
accepted as final payment for goods and services.
Comprehension Questions
Explain
how Anna could get a new coat for the winter without any
money.
Her mother traded a gold watch and other nice things
for wool and the services of the craft people to make the
coat.
Explain
why Anna and her mother had no money.
It was wartime and no
one had any money.
List
all the trades Anna's mother made in order to get the new coat.
Gold watch to the farmer for wool; a lamp to the old woman to spin
wool into yarn; garnet necklace to the weaver to weave yarn into cloth;
teapot to the tailor for sewing cloth into a coat.
What
natural resources were needed to produce the coat?
Wool from the
sheep, lingonberries.
What
human and capital resources were needed to produce the
coat?
|
Human Resources |
Capital Resources |
|
farmer |
shearing scissors |
|
old woman |
spinning wheel |
|
girl and mother |
basket (for
berries) |
|
weaver |
loom |
|
tailor |
measuring tape, sewing
machine, scissors,
pins | |
List
all the steps for producing Anna's new coat.
Shear the sheep,
spin the wool into yarn, dye the yarn, weave yarn into cloth, sew the
cloth into coat.
Explain
why it took much longer for Anna to get her coat than if she had
money to buy one.
They had to wait until spring to shear the
sheep. They had to wait until the end of the summer to get the berries.
They had to wait for each person to do each step in the process of making
the coat.
Other Concepts: Productivity,
Productive
Resources, Natural Resources,
Human Resources,
Capital Resources | 
