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The Pack contains associated resources for the learning experience, typically in the form of articles and videos. There is a teacher Pack (with only teacher information) and a student Pack (which contains only student information). As a teacher, you can toggle between both to see everything.
Here are the teacher pack items for Banks and Banking:
Overview
In this experience, students learn about the role commercial banks play in the banking system. First they focus on the mechanics of savings and deposits. Next students learn about the money supply and loans, and they describe the process of getting a bank loan. Finally, students evaluate micro-lending as an alternative to traditional banking. Objectives
Many people do all their banking activity without actually entering the bank.
Ancient Mesopotamia had a system for loaning on credit. The first paper currency was printed in ancient China. A deposit and loan banking system arose in ancient Greece. The Renaissance gave rise to the Italian banking system, which boasts the world’s oldest active bank, established in 1472. Ever since traditional economies began taking shape, people have needed banking services. Maybe you have visited a bank with your parents, or maybe you even have your own savings account. In this lesson, you will learn about the role of banks.
Objectives
Look at the image below.
Cocharelli Codex, Genoa, Italy, ca. 1330
Make one or more observations about the picture, and explain why it is included in a lesson about banking.
Students may notice the bags of money and the coins on the table, the crosses on the men’s clothing, and Jesus pointing from above (against the money lenders). The picture is from a series called “The Seven Vices,” and this particular image is “Avarice,” or greed. Money lending was a controversial practice within the Church during Medieval times.
