Open-ended Inquiry: This is a tricky image. If you can 't figure out what it is, the answer is below the See-Think-Wonder chart! Show this image to students and ask them to tell you what they see. Ask: Based on what you see, what do you think this is? Then, ask students to record their wonder questions that they can use to conduct inquiry.
This is a picture of a safe that was originally located in the Cedar Key Bank. Now it is exhibited at the the Cedar Key Historical Society in Cedar Key, Florida.
Directed Questions: Why do you think it is called a safe? Below, there is a modern image of a bank safe or vault. What are the similarities and differences? Why do you think a bank needs a safe or vault? What do you think a bank keeps inside the safe or vault? Did you know that banks do not store all of the money? They only hold a small percentage of money that is deposited in the bank. For example, if you deposit $100 in a bank, the bank might hold $10 and loan out $90 to other people. The money they hold in a bank is called a reserve.
Now, check out these Florida Financial Literacy standards-based questions:
Use the News Extension Activity
Use your local newspaper to find articles about banks. What did you learn? What questions do you have? Conduct an online search to find answers to your questions. Open-ended Inquiry: For an open-ended inquiry activity based on an image, begin with See-Think-Wonder. Ask students what the see in the image. If they don't notice the nutrition sheet under the fries, direct their attention. Ask students what they think. For example, you might ask them to inference why they think fries are sitting on top of a nutrition information sheet. Then, ask students what they wonder about. The questions they ask will be their questions for inquiry.
Directed Questions: Are fries a wise food choice? As humans, we have basic needs: food, shelter, and clothing. However, there are also things we may want to buy. Although food is a need, when we make decisions about eating, we might french fries. Consider the costs and benefits of choosing french fries over a more healthy option. Now, check out the grade-specific Financial Literacy Standards-based Questions. Use the News Extension Activity
Search newspaper flyers to find some more healthy snack options. Create an advertisement for your yummy replacement! Open-ended Inquiry: This historic photo of McMillan's Shell store in Estero, Florida–taken around 1930–is part of the Florida Center for Instructional Technology's (FCIT) historic photo's collection. Show this image to students and use the See-Think-Wonder Strategy below to engage your students in open-ended inquiry. See is all about the evidence that is in the photo. Think is about making inferences and interpretations about what you think is going on in the photo, based on what you see. Wonder is about asking questions to further inquiry about the image.
Directed Inquiry: Ask students: What goods do they sell in the shop? How do you think the owner gets the goods to sell in his shop? Now look at the photo of a more modern souvenir shop in Florida. Ask students: Would you shell out some money at Shell World? What do you think "shell out some money" means? "Shell out some money" is an idiom originating in the 1800's. It transfers the meaning of taking a seed or nut out of its shell into taking money out of a pocket or wallet. Now compare and contrast the similarities and differences between the shell souvenir shops then and now?
Now, here are some Florida Financial Literacy Standards-based Questions: Use the News Extension Activity
Search a newspaper for advertisements from souvenir or gift shops. Then, create your own advertisement for Shell World or McMillan's Shells. Open-Ended Inquiry Activity: Here is an open ended inquiry. Use the See-Think-Wonder Strategy with this photograph from a market in Florida. Ask students to describe what they see. Then ask them to tell you what they think is happening. Finally, inspire students to ask their own questions that will guide their inquiry.
Directed Questions: Here are some directed questions you can use with students. What are they selling? How much do they cost? You can also use this photo to create some mathematics problems. For younger children, tell them the cucumbers are on sale for $1.00 each. Here are Grade-specific, Standards-based Questions for Financial Literacy Use the News Extension Activity
Check out flyers in your newspaper to create grocery lists of some of your favorite fruits and vegetables. What can you buy with a budget of $10.00? What about $20.00? How much would it cost to feed your family with those groceries? Open Ended Inquiry: Engage students in an open-ended inquiry with this image by using the See-Think-Wonder Strategy below. Asking them what they see allows them to focus on evidence in the visual text. Asking them what they think focuses their attention on making inferences about what they see. Then, asking them what they wonder provides an opportunity for them to ask questions and conduct research to answer those questions.
Directed Questions: Here are some directed questions you can use with students. Where do you think this photo was taken? Do you think this is a recent photo or a historical photo? What details make you think it is historical? You can click on the photo to find out more information about the source. Where do you think this sign was located? What is it telling you? Directed Standards-based Questions for K-12 Florida Financial Literacy: Use the News Extension Activity Find some advertisements for shoes in the newspaper. How do the advertisers use images and words to try to influence you to buy the shoes? Create an advertisement for your favorite shoes. Open-ended Inquiry: Based on the image and the caption, use the See-Think-Wonder activity to inspire your students to ask questions and find answers!
Here are some general questions to use with the image: How does your family do laundry today? What are some of the goods you need to do laundry at home? How does a laundromat make money? What goods or services does a laundromat provide? What about a dry-cleaner? How do you think dry-cleaning is different from laundry? Now here are some standards-based financial literacy questions: Use the News Extension Activity
Check your local newspaper for advertisements about laundromats and dry cleaners. What are some of the goods and services they offer? Open-ended Inquiry: This is a photo of a market place in India. Use the chart below to engage inquiry in your students as they tell you what they see and think. Then, inspire them to ask any questions they wonder about and conduct online research to find answers.
Here are some Florida Financial Literacy standards-based questions. Use the News Extension Activity
Check out your local newspaper for information about local markets. Sometimes local farmers advertise their goods in the classifieds, especially when they have a pick-your-own event. Did you find any? Open-ended Inquiry: Check out this image. Ask student what they see, think, and wonder. After they record their wonder questions, they can engage in inquiry to share their findings!
The above image of an advertisement for the Tampa Bay Hotel, which was built by Henry B. Plant after he built railroads throughout the state of Florida. He also connected Florida's railways to Georgia, which helped open the state for trade and travel. Now, check out these Florida Financial Literacy standards-based questions. Use the News Extension Activity
Check out the Tampa Bay Times NIE All Aboard for readings and activities on the history of railroads in Tampa Bay. Open-ended Inquiry: Before telling students about the image, show them the image. Then ask them what they see, think, and wonder. Use their questions to guide inquiry.
Directed questions: The above image is a grocery receipt from a store in Florida. Read the receipt. What do you notice? Do you think this a recent receipt or was it made in the past? How do you know? Where was the store located? Compare and contrast the Fuller Company receipt with the one below. What are the similarities and differences? Now, here are some Florida Financial Literacy standards-based questions: Use the News Extension Activity
Use the flyers from your local grocery stores. Create grocery lists and add up the amount your groceries cost. Compare and contrast different shops. What did you find? Open-ended Inquiry: Show the image to students and engage them in inquiry. First, ask them what they see in the image. Their answers should reflect evidence in the image and words. Then ask: What do you think this is about? Student answers should include inferences they make based on the evidence they see in the text. Finally, ask them to come up with their own questions by asking them what they wonder about the image. Students conduct online research to find answers to their own questions.
Directed Questions: These black and white photos show the First National Bank of Tampa in 1883 and the lobby inside the building of the bank in 1927. Ask: What is a bank? Explain how people keep their money in a bank so it stays safe and the bank pays you interest-a little bit of money-when you leave it in the bank. Below there is an image of a more modern bank. What are the similarities and differences between the banks of yesterday and today? Here are some Florida Financial Literacy standards-based questions. Some of the questions use the How Will My Savings Grow calculator. Use the News Extension Activity
Check through your newspaper for some advertisements from banks. What types of services do they offer?
Open-ended Inquiry: Check out this historic image taken of a gas station and general store in Venus, Florida in 1939. Use the See Think Wonder strategy to analyze the photo.
Directed Questions: In the image they noted a gas station and a general store. Why do you think they called it a general store? What do you think you could buy in a general store? Compare and contrast the historic image of the gas station to the picture below of a modern gas station and variety store.
Here are some standards-based questions for Florida Financial Literacy
Use the News Extension Activity
Search through your newspaper for articles about gas prices. How do rising gas prices impact decisions on the kind of car people buy? For example, would you rather buy a car that gets ten miles per gallon or thirty miles per gallon? What would be the difference in cost over a year if you filled up your tank weekly? Check out this historic photograph of Grocer Vincenzo Di Bona in his store at 110 Main Street, West Tampa. Use the See Think Wonder visual literacy strategy to "read" the photo and start an investigation, by finding answers to the questions you have!
This picture was taken about one hundred years ago. Compare and contrast this with grocery stores today.
Now, use some of these Florida Financial Literacy standards-based questions for different grade levels! Use the News Extension Activity
Check out the classified ads in your newspaper. What types of jobs exist for grocery stores? Now, think about the food before it arrived at the grocery store. Search for some jobs that are related to farms, food processing, and food distribution centers.
Open-ended Inquiry: Look at the image. What do you see? What do you think? What do you wonder? Use the visual literacy strategy See-Think-Wonder to engage students in asking questions they can use for inquiry about the image.
Currency is the money used by a country. Sometimes people use credit cards to pay for goods and services. When people use a credit card, they promise to make a payment at a future time. Here are some standards-based questions to use with students!
Directed Florida Financial Literacy Standards-based Questions:
Use the News Extension Activity
Search your local newspaper for articles about credit cards. What are some of the problems? What is some advice you found? Open-ended Inquiry: Use the visual literacy strategy See Think Wonder with the image above. Don't forget to tell your students to also use the captions when they are answering the questions. Then, once they make their own questions, they can conduct research to answer those questions and share their knowledge!
The image from the Florida Center for Instructional Technology shows a trading post from Colonial America. Florida Financial Literacy Standards-based questions:
Do you remember the original tale of Goldilocks and the Three Bears? Goldilocks took a risk in entering the house. In the financial literacy standards, risk is a very important concept. You can use the version of Goldilocks and the Three Bears by Jan Brett.
Before reading: Tell students to watch for risky behaviors as you read. During reading: When you come to a risky behavior, ask students to explain why those behaviors are risky.
After reading: Tell students to write a letter or email to Goldilocks to tell her how she can protect herself against risk. Alternatively, they can write an email to the Bears, informing them how they can protect their house against intruders.
Goldi and the Three Passwords? Now, check out the more modern Fractured Fairytale of Goldi and the Three Passwords below. Goldi and Baby Bear have become great friends and they are learning about online risks and how to take steps to protect themselves. Use the video and EconEdLink Lesson plan to how to make the just right password.
Did You Know? In older versions of the tale, Goldilocks was called Silverhair or Goldenhair? For example, check out this version on Lit2Go with the Three Bears and Silver Hair. You can also view the other versions below. What are the similarities and differences in the stories?
Open-ended Inquiry: While you examine the photo, first ask: What do you see? Students tell you what they see in the image. This is evidence. Then ask: What do you think? Students tell you what they think is happening based on what they see. They are making inferences based on the evidence they see. Then ask students what do you think? Once they write down their questions, they can conduct some online research to answer their own questions.
Directed Inquiry: The photo above was of astronauts from NASA. What other people might work at NASA? Have you heard about the movie Hidden Figures? The movie is about three African American female engineers and mathematicians who helped put the first people on the moon. Check out the NASA Career Corner to discover different jobs people do. How has NASA impacted the economy of Florida? Tourists can also visit the Kennedy Space Center to learn more about NASA. How has the Kennedy Space Center impacted the economy of Florida? Florida Financial Literacy Standards-based Questions Look at the image and use the visual literacy strategy See, Think, Wonder, to analyze the map. What questions do you have? Try to find answers to your questions by conducting online research!
Directed Questions. This is a railroad map of Florida from the Florida Maps at the Florida Center for Instructional Technology. How do railroads solve scarcity problems? How do they transport goods? Henry Flagler and Henry B. Plant built most of the railroads in early America. How did people transport goods before the railroads were built? Florida Financial Literacy standards-based questions: Use the News Extension Activity: Check out the Tampa Bay Times Newspaper in Education Supplement, All Aboard for more on the local history of railroads. Also, check out the Trace-based Case we created in collaboration with the Florida Center for Instructional Technology (FCIT).
Open-ended Inquiry: Check out the images above. Use the See, Think, Wonder strategy to "read" the images (file is available for download below). After you record your questions, conduct some research to find your answers!
Directed Questions: How much is the colonial currency worth? What are some differences between the currency of the past and present? Compare and contrast the coin to the paper money. What is similar? What is different? Use the Venn Diagram to record similarities and differences. Here are some Florida Financial Literacy standards-based questions you can use to learn more about money!
Fancy Nancy has a scarcity problem! One of the basic economic concepts is that we have unlimited wants and resources are scarce. Because of this scarcity problem, there is not enough for all who want it so we have to make decisions. In Fancy Nancy and the Fabulous Fashion Boutique, Fancy Nancy has a problem as illustrated in the web sampler provided by the publisher. Before reading, explain scarcity to the students and ask them to watch for Fancy Nancy's scarcity problem.
After reading the sampler, they can come up with ideas on how she can solve her scarcity problem. Then you can read the whole test, using the Fancy Nancy Read Aloud Bookmark, which provides read-aloud think-aloud questions to use with the text!
And More! Use the ReadWriteThink.org lesson to find more fabulous financial literacy with Fancy Nancy.
Explain to students that the workers who produce goods and services are called human resources. The skills people have is called their human capital. People can improve their human capital by learning new skills. Read Morris Goes to School to help students understand why it is important to improve their human capital.
As illustrated in the web sampler below, Morris has a problem: he can't read or count. Students learn how important it is to improve skills - and grow their human capital - so they can do jobs in the future.
Use the Morris Goes to School lesson by the Federal Reserve to further develop the concept. During the lesson, students name different workers and identify the human capital they need to do their jobs.
Have you ever worked hard as a producer on a project and found that no one would help you? Then when you got it all done, suddenly everyone wanted to participate, or consume your goods? You have something in common with the Little Red Hen! You can download a free copy of the original Little Red Hen at Project Gutenburg to compare with the Little Red Hen Makes a Pizza as illustrated in the animation below to teach about consumers, producers, and sellers.
Now, check out the lesson we created that was published on EconEdLink: The Little Red Hen is a Producer and a Consumer for more engaging activities to use with the book!
Extension: To help students understand the interaction between buyers and sellers, check out our informational text and lesson plan on buyers and sellers!
How can acts of kindness help us understand the benefits of saving, spending, and donating? This book is a good lesson on social-emotional learning and saving. Before reading the story, show Kid President's video.
According to Kid President, what are some things we should say more often? What are some things we should do more often? How can we help others?
Questions for Discussion! Here are some questions you can use to discuss the text.
•What does the mother do at the diner? •What goods and services are provided at the diner? •What does the girl do with the money she earns? •Why is the family saving money? •What choices did the family have to make after the fire? •What goods and services did their neighbors donate to the family? •What did the family do with the money in the jar first? After that? •How did the family benefit by saving money? •How did acts of kindness benefit the family? The neighbors?
Saving Activity: Here is an activity taken from the lesson plan from the Federal Reserve . In the story the girl saves money to buy her mother a new chair. What did she do to earn money for the chair? Draw a picture of something you want in the next jar. What can you do to earn money for the thing you want?
For more on Saving and Spending, use our informational text and accompanyinglesson!
A great book to use to help students understand spending and saving is Alexander, Who Used to Be Rich Last Sunday. It is a story about a little boy who receives some money and ends up spending it all! Below you will find the story read online by "Grandpa Tom."
Before Reading. Ask students: Why do you think the title of the story reads Alexander Used to be Rich Last Sunday? What do you think made him rich? Why isn't he rich any more?
During Reading. Ask students to discover clues to answer the questions: How did Alexander get rich? What did he do that made him lose his money? After Reading.
Lemonade in Winter is a great text to use for teaching elementary students about entrepreneurship and the basics of supply and demand.
Before Reading: Tell students: Supply is the amount that producers are able and willing to sell at all prices at a given time. Demand is the amount that consumers are able and willing to buy at all prices at a given time. After you watch the Lemonade in Winter clip, do you think the children have a problem with supply or demand?
Now, look at the image from the book.
The children tried to solve their demand problem by lowering the price. Do you think it will work? What do you think they should do to solve their problem? Then read the rest of the story to see if you had the same solution. Whose solution did you like better?
Your Turn! Did you get any good ideas in the book about starting a lemonade stand? What would you do better? Search online for some good recipes and design your stand!
Mathematics Extension: There are some great opportunities for creating mathematics problems from the text. Have your students create their own mathematics problems based on images in the text!
Currency is a word that comes from Middle English and means "in circulation." The word "currency" refers to money in any form (mostly banknotes and coins) that is used as a medium of exchange. Use the book or the readers' theater to explore the history of money and how it is used today.
Before reading, look at the cover above. Ask students: What do you think this book will be about? During reading, using the Readers' Theater or the first few pages from the text available in the sampler below, tell students to watch for things that were used currency in the past.
After reading, ask students to recall some of the things that were used as money in the past. Then, use The Characteristics of Money informational text and lesson to learn more about currency.
Extension: Check out more resources to use with this book on the website page we created for a recent workshop on One Cent Two Cents Old Cent New Cent!
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AuthorDeborah Kozdras, Ph.D. Archives
February 2022
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