how to make evolution of money model – economics project – diy

Creating a rotating cardboard model that illustrates the evolution of money through different stages (barter system, gold and silver, coins, paper currency and banking, credit and debit cards) can be a fascinating and educational project.

Here’s a step-by-step guide on how to create this model using cardboard, colored paper, printouts, and some crafting supplies:

Materials Needed

  • Large piece of cardboard (for the base)
  • Smaller pieces of cardboard (for partitions and rotating disk)
  • Colored paper
  • Printed images and text explanations
  • Brass fastener (split pin) or a small bolt and nut (for the rotating mechanism)
  • Glue
  • Scissors
  • Markers or pens
  • Ruler
  • Compass (for drawing circles)

Step-by-Step Instructions of Evolution of Money Working Model

  1. Prepare the Base
    • Cut a large circular piece of cardboard as the base of your model. This will hold all the partitions and the rotating disk.
    • Divide the base into five equal sections using a ruler and a marker. Each section will represent a stage in the evolution of money.
  2. Create the Rotating Disk
    • Cut a smaller circular piece of cardboard that will rotate on top of the base.
    • This disk should be large enough to cover the sections and be able to rotate easily without covering the entire base.
  3. Attach the Rotating Mechanism
    • Poke a hole in the center of both the base and the rotating disk.
    • Use a brass fastener or a small bolt and nut to attach the rotating disk to the base. Ensure the disk can rotate freely.
  4. Design the Partitions
    • For each of the five sections, create a partition from smaller pieces of cardboard.
    • Attach these partitions to the base, ensuring they are evenly spaced and fixed securely.
  5. Decorate Each Section
    • Barter System:
      • Cover the section with colored paper.
      • Print out images depicting bartering (e.g., people exchanging goods like grain for tools).
      • Glue the images and a brief explanation of the barter system in this section.
    • Gold and Silver:
      • Cover the section with gold or silver-colored paper.
      • Print out images of gold and silver items used as money.
      • Glue the images and an explanation of how gold and silver were used for trade.
    • Coins:
      • Cover the section with metallic-colored paper.
      • Print out images of ancient and modern coins.
      • Glue the images and a description of the introduction of coins as currency.
    • Paper Currency and Banking:
      • Cover the section with colored paper that represents paper money.
      • Print out images of different paper currencies and banks.
      • Glue the images and an explanation of how paper currency and banking systems developed.
    • Credit and Debit Cards:
      • Cover the section with colored paper.
      • Print out images of credit and debit cards.
      • Glue the images and a description of how these cards work and their impact on transactions.
  6. Assemble the Model
    • Attach each partition to the base, ensuring they are fixed securely and divide the sections clearly.
    • Place the rotating disk on top of the base and secure it with the brass fastener or bolt and nut.
    • Ensure the rotating disk can be turned to reveal each section of the evolution of money.
  7. Final Touches
    • Use markers or pens to label each section clearly.
    • Add any additional decorations or details to enhance the visual appeal of the model.

Explanation of Each Stage

  1. Barter System: The earliest form of trade where goods and services were exchanged directly without any standardized currency.
  2. Gold and Silver: Precious metals were used as a medium of exchange due to their intrinsic value and divisibility.
  3. Coins: Standardized pieces of metal were minted and used as currency, simplifying trade and ensuring consistent value.
  4. Paper Currency and Banking: Paper money was introduced as a more convenient form of currency, backed by banks and governments.
  5. Credit and Debit Cards: Modern financial instruments that allow for electronic transactions and provide a secure and convenient way to manage money.

This rotating model will provide a comprehensive and interactive way to learn about the evolution of money, making the concepts more engaging and easier to understand.

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