This lesson was originally created for my husband's early U.S. History students. He implemented this lesson during the study of explorers coming to America. I use it for my Economics class (many students love history and learn Econ. better when applied to history).
A pre/post quiz is offered (same quiz) and a teacher key.
The beginning of the lesson is the preview. There is a chart of rising prices in Europe during 1500s and a reason for the rise in price (economists theory - influx of gold/silver by Spain through looting of Aztec/Incan empires). Then the students look at hyperinflation. They look at a chart of all the countries that have experience hyperinflation and the EXTREME inflation rates. I have included some pictures of German kids (post WWI) playing with the money because it was worthless. THe last sheet is a graph that explains why governments can't just print money (result hyperinflation). You can actually end the lesson without this graph. Any questions let me know. This lesson can be used for US History classes, World History classes, and Economics.
by christy walker
is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License