Understanding Economics - Notebook Companion™ to History Is Rich
For many of us, the idea of teaching economics is intimidating. We know the concepts such as supply and demand, taxes and tariffs, and investment and inflation are important, but we aren’t sure how to teach them to our kids.
Understanding Economics, a Notebook Companion™ to History Is Rich by Honest History (sold separately), not only takes the stress out of teaching important economic concepts to our kids, it makes it fun!
Making Complex Concepts Easy to Understand
History Is Rich is broken down into eleven bite-sized chapters. Each one focuses on a different aspect of economics in American history, from the beginnings of exploration through the Industrial Revolution, Great Depression, and modern times.
It takes each concept such as money, banking, stocks, and bonds and explains them in ways kids can understand, using examples from their own lives. Since economic theories are still debated today, as they have been throughout history, questions are asked to help students think critically about what economic principles work and what principles do not.
Easy-to-Use, Just Open and Go!
There is no prep-work involved. Just grab a copy of History Is Rich by Honest History (sold separately), and work through the books at your own pace.
Our Notebook Companion™ provides open-ended questions about the facts students learn and provides them with a place to record their answers and sketch pictures to help them remember key concepts. Each chapter also includes bonus projects such as a dictionary of twenty-nine economic terms students can build as they complete the unit, writing prompts, and additional research projects to help students go deeper into the topics covered.
Learn Economic Terms
Here is a list of the twenty-nine vocabulary words included in the unit:
- Capitalism
- Private ownership
- Profit
- Investment
- Supply
- Demand
- Gift economy
- Trade
- Tariffs
- National debt
- Supplier
- Secede
- Textiles
- Industrialization
- Money
- Free banking
- Fiat money
- Interest
- Initial investment
- Bank run
- Bond
- Share of stock
- Dividend
- Monopoly
- Unemployment rate
- Economy
- Innovation
- Inflation
- Deflation
An Answers Index makes checking work simple and easy for you!
History Is Rich by Honest History
Journey through the rich historical past of money and capitalism, along with the American economy in History Is Rich. From the history of early capitalism via modern technology, explore and find out about the different methods money is made and utilized in America.
What do railroad and Amazon have in common? What was life like prior to capitalism? Discover the origins of Big Business, corporations, the stock market, and other American monetary institutions. Each page is beautifully illustrated and every complicated subject is broken down so children can easily understand and utilize the info to create a much better future for themselves.
Using Understanding Economics and History Is Rich Together
History Is Rich is a beautifully illustrated book that will help teach your kids what they need to know about the American economy. When you pair it with our publisher-approved Notebook Companion™ you can easily use it for school!
Our Notebook Companions are a great way to document your child’s learning when you use books instead of textbooks and worksheets to learn specific topics or subjects. Never has teaching economics been so easy for parents.
Anne Dolmseth –
This particular book and journal have a different perspective to “Understanding Economics.” The author of “History is Rich,” the companion book to this journal, offers his personal opinion of historical events as well as his cohorts about very specific topics related to how and why our economy is the way it is today. Key definitions and word usage may not be for everyone. With that in mind, journaling is a great way for young scholars to remember what they have learned through the pen to paper style of memorization.
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