Chapter 11: Money and Banking
"The New Dollar Coin"
Introduction
Students have already learned that money can be any substance
that serves as a medium of exchange, a measure of value, and
a store of value. Historically, many products have served
as money in the United States. Although money has changed
in shape, kind, and size over the years, modern money shares
the same characteristics of early money. It is portable, durable,
divisible, and limited in availability. Our money also tends
to evolve over time. A good example is the new dollar coin
that was announced by the U.S. Mint in May of 1999 and placed
into circulation in 2000.
Lesson
Description
Students will use information from the United States Mint
Web site to find out more about the new dollar coin.
Previous
Knowledge Expected
Students should be familiar with the following term:
money: anything that serves as a medium of exchange,
a measure of value, and a store of value
Applied Content Standards (from the National Council on
Economic Education)
Standard 11: Money makes it easier to trade, borrow,
save, invest, and compare the value of goods and services.
Instructional
Objectives
1. Students will list reasons for the minting of the new dollar
coin.
2. Students will describe the role of Sacagawea in the Lewis
and Clark expedition.
3. Students will determine reasons that the U.S. Mint selected
Sacagawea to appear on the new dollar coin.
Student
Web Activity Answers
1-4: Teacher may prepare an answer sheet from the Web site.
Extending the Lesson
Encourage students to research further information about Sacagawea
on the Internet. PBS has information available for students
at http://www.pbs.org/lewisandclark/inside/saca.html.
Have students read the Birth of the New Dollar Coin Web page
at this same site. This page provides further information
about the development of the coin from law to concept to final
production.
Encourage students to learn more about the U.S. Mint by using
the About the U.S. Mint link on the dollar coin home page.
Student Web Activity
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