Name: ______Week of Feb. 28-March 4 RD-___

R-A-T (7)

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When you think of money, you probably think of that paper and those coins you have in your piggybank, wallet, or purse. But the currency we use today was not utilized by the first settlers; in fact, they did not even think of it. Instead, such items such as wampum, cut nails, or tobacco leaves were used as legal tender.

Paper money, called Continental Currency, was first issued during the American Revolution by Congress. In 1791, the failed First Bank of the United States began issuing currency, cashing personal checks, and holding deposits for the people. In 1816, the Second Bank of the United States tried to do the same, but was not successful either. In 1862, over 1,600 state banks took over where these banks had failed. That same year, the U.S. Treasury began printing greenbacks to be used as currency. During subsequent years, the government has issued national bank notes, gold certificates and coins, silver certificates, and Federal Reserve notes. The money we use today has slowly evolved from these beginnings. The Diners’ Club, a privately owned company, started the credit card revolution in 1950.

Money matters have changed greatly in our history. But, we still trade one item for another, whether it is paper, metal, or plastic.

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Monday- Read the selection carefully.

  1. The subject of this selection is ______.
  2. At the top of this page, write a title for this selection.
  3. The author’s purpose in writing this selection is to ______.
  4. My purpose for reading this selection is to ______.
  5. The genre of this selection is ______.

Tuesday- Read the selection carefully.

  1. A synonym for the words make use ofis ______.
  2. What does the word tender mean in this selection? youthful caringmoney
  3. An antonym for succeeded in the selection is ______.

9. The word evolved in this selection means ______.

Wednesday- Read the selection carefully.

10. The credit card revolution probably changed the way many people pay for products.True False

11. I can infer that greenbacks were probably given that name because of their green ink color. use.

12. Name another credit card company that you have heard of. ______

  1. This selection is an example of ______writing.  narrative  expository

Thursday- Read the selection carefully.

  1. Make a timeline showing the history of American money as presented in this selection.

Friday- Read the selection carefully.

15. Highlight 5-6 key words in the selection. Write them below. Write a 3-4 sentence summary of the selection using your key words. It is not necessary to use all your key words. Be sure to use correct spelling and punctuation.

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