Evolution of Financial Systems from Past to Present
Created bysebag das
1 views0 downloads

Evolution of Financial Systems from Past to Present

College/UniversityOther1 days
This college-level project examines the evolution of financial systems across cultures and historical events, emphasizing the role of banks and institutions in shaping global economies. Students engage with financial artifacts through projects like analyzing a 'financial time capsule' and creating historical finance diaries, enhancing their understanding of historical financial structures and their impact on modern systems. By researching and comparing past and present financial trends, students develop skills in historical analysis, research, and creative presentation. The course culminates in reflections on how past financial systems influence modern practices and personal finance decisions.
Financial SystemsGlobal EconomiesHistorical AnalysisCultural FinanceBanking InstitutionsEconomic HistoryPersonal Finance
Want to create your own PBL Recipe?Use our AI-powered tools to design engaging project-based learning experiences for your students.
📝

Inquiry Framework

Question Framework

Driving Question

The overarching question that guides the entire project.How have financial systems evolved across different cultures and historical events, and what role have banks and other institutions played in shaping global economies?

Essential Questions

Supporting questions that break down major concepts.
  • How have financial systems evolved throughout history?
  • What role have banks played in the development of global economies?
  • In what ways have significant historical events influenced financial systems?
  • How do different cultures and societies manage finances historically?
  • What are the challenges and benefits of different financial systems throughout history?

Standards & Learning Goals

Learning Goals

By the end of this project, students will be able to:
  • Analyze the evolution of financial systems across different cultures and historical events.
  • Evaluate the role of banks and other financial institutions in shaping global economies.
  • Understand the influence of significant historical events on financial systems.
  • Compare and contrast how various cultures manage and structure their financial systems.
  • Identify the challenges and benefits associated with different historical financial systems.

Common Core Standards

CCSS.ELA-LITERACY.RH.11-12.1
Primary
Cite specific textual evidence to support analysis of primary and secondary sources.Reason: Students will need to analyze primary and secondary sources related to the evolution of financial systems to support their understanding and conclusions.
CCSS.ELA-LITERACY.RH.11-12.2
Primary
Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.Reason: Understanding central ideas of historical financial concepts is crucial for analyzing how financial systems evolved over time.

Economics Standards

SSE.O.2.1
Primary
Evaluate the role of financial institutions within the context of economic history.Reason: This aligns with evaluating the role of banks and other institutions in shaping global economies, a core part of the project.

Next Generation Science Standards

NGSS.HS-ESS3-3
Supporting
Communicate scientific and technical information about natural resources and economic development.Reason: Understanding the impact of natural resources on the economic development and financial systems across cultures.

Entry Events

Events that will be used to introduce the project to students

The Financial Time Capsule

Students are presented with a mysterious 'financial time capsule' from a past decade, filled with banknotes, coins, receipts, stock market snippets, and household budgets. Their curiosity is piqued to investigate the financial trends and economic events of that era, challenging students to reflect on how these historical financial situations relate to today's economy and personal finance choices.

Personal Finance Diary Through Ages

Students are asked to create a 'personal finance diary' as if they were individuals from different historical periods. This personalizes historical financial data, prompting them to think critically about financial priorities, challenges, and strategies across centuries, bridging historic finance with modern-day financial literacy.
📚

Portfolio Activities

Portfolio Activities

These activities progressively build towards your learning goals, with each submission contributing to the student's final portfolio.
Activity 1

Time Capsule Exploration

Students will explore a provided financial time capsule, analyzing its contents to identify and research historical financial trends from the specified decade. They will use their findings to relate these trends to modern economic practices.

Steps

Here is some basic scaffolding to help students complete the activity.
1. Open the financial time capsule and examine its contents, including coins, banknotes, receipts, and stock market snippets.
2. Record observations about each item, noting any dates, numbers, or unfamiliar terms.
3. Research the historical period pertaining to these items, focusing on the economic context and financial trends of the era.
4. Document your research findings and relate them to current financial systems and practices.

Final Product

What students will submit as the final product of the activityA research summary detailing historical financial trends and their relation to modern financial systems.

Alignment

How this activity aligns with the learning objectives & standardsCovers CCSS.ELA-LITERACY.RH.11-12.1 by requiring analysis of historical financial sources.
Activity 2

Historical Finance Diary

Students will create a personal finance diary for an individual living in a different historical period, encapsulating their financial challenges and strategies. This exercise helps to contextualize financial data within personal experiences and historical context.

Steps

Here is some basic scaffolding to help students complete the activity.
1. Select a significant historical period and assume the role of an individual living during that time.
2. Research the economic and financial conditions of that period, with a focus on personal finance issues such as income, expenses, and saving mechanisms.
3. Develop a fictional diary that captures daily financial challenges and decisions based on your research.
4. Reflect on how these financial choices and challenges mirror or deviate from contemporary personal finance practices.

Final Product

What students will submit as the final product of the activityA fictional personal finance diary from a historical perspective, highlighting financial priorities and challenges.

Alignment

How this activity aligns with the learning objectives & standardsAligns with CCSS.ELA-LITERACY.RH.11-12.2 by determining central economic ideas of historical periods through personal narratives.
🏆

Rubric & Reflection

Portfolio Rubric

Grading criteria for assessing the overall project portfolio

Historical Financial Systems Analysis Rubric

Category 1

Analytical Skills

Students' ability to critically analyze financial systems, including synthesizing historical data and trends.
Criterion 1

Historical Analysis

Assessing how well students analyze the evolution of financial systems within specific historical contexts.

Exemplary
4 Points

Demonstrates sophisticated analysis of financial systems, effectively synthesizing complex historical data to uncover insightful trends and patterns.

Proficient
3 Points

Effectively analyzes financial systems, synthesizing data to identify clear trends and patterns.

Developing
2 Points

Shows emerging analytical skills, with some synthesis of data and identification of trends.

Beginning
1 Points

Struggles to analyze financial systems, with limited data synthesis and trend identification.

Criterion 2

Contextual Understanding

Evaluating how well students integrate economic and cultural contexts into their analysis.

Exemplary
4 Points

Exemplary integration of economic and cultural contexts, providing a nuanced understanding of their impact on financial systems.

Proficient
3 Points

Integrates economic and cultural contexts effectively, demonstrating a clear understanding of their influence.

Developing
2 Points

Displays partial integration of contexts, with basic understanding of their influence on financial systems.

Beginning
1 Points

Limited integration of economic and cultural contexts, demonstrating minimal understanding.

Category 2

Research Skills and Documentation

Assessment of students' ability to conduct thorough research and document findings accurately.
Criterion 1

Research Depth

The extent of research conducted, focusing on primary and secondary sources.

Exemplary
4 Points

Conducts comprehensive research using a variety of primary and secondary sources, demonstrating depth of understanding.

Proficient
3 Points

Conducts thorough research with a good range of sources, demonstrating solid understanding.

Developing
2 Points

Conducts basic research with limited sources, showing some understanding.

Beginning
1 Points

Conducts minimal research, relying on few sources, with limited understanding.

Criterion 2

Documentation and Citation

Accuracy in documenting research findings and citing sources appropriately.

Exemplary
4 Points

Exceptionally accurate documentation of research with correct and thorough source citations.

Proficient
3 Points

Accurate documentation with correct source citations.

Developing
2 Points

Basic documentation, with some errors in source citations.

Beginning
1 Points

Inadequate documentation, with frequent errors in source citations.

Category 3

Creativity and Originality

Evaluation of creativity and originality in presenting historical financial information.
Criterion 1

Innovative Presentation

Creativity in the presentation of historical financial analysis or narratives.

Exemplary
4 Points

Presents analysis with exceptional creativity and uniqueness, engaging the audience effectively.

Proficient
3 Points

Presents analysis creatively, engaging the audience effectively.

Developing
2 Points

Displays some creativity in analysis, with limited audience engagement.

Beginning
1 Points

Minimal creativity in presentation, with little audience engagement.

Reflection Prompts

End-of-project reflection questions to get students to think about their learning
Question 1

How has your understanding of the evolution of financial systems across different cultures and historical events changed during this course?

Text
Required
Question 2

Evaluate how effectively financial institutions have shaped global economies throughout history, based on your learnings.

Scale
Required
Question 3

What were the most surprising challenges and benefits of historical financial systems that you discovered?

Text
Required
Question 4

Based on your project experience, which historical financial system do you think offered the most effective strategies for personal finance management?

Multiple choice
Required
Options
Ancient Rome
Medieval Europe
19th Century Britain
Early 20th Century USA
Other
Question 5

How has participating in this course influenced your perspective on current financial practices and systems?

Text
Required