In this lesson, students learn about the important role that Italian bankers played during the Renaissance. They participate in a role-play activity in which they see how, using bills of exchange, Renaissance era bankers facilitated the transfer of funds over long distances. The students read about the successes and failures of bankers during the Renaissance. The students participate in a role-playing activity using playing cards. During the activity, students take deposits and make loans. The students learn how banks channel money from depositors to borrowers. The students also learn why banks charge higher interest rates for riskier loans.
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Concepts
- Banking
- Deposit
- Interest
Standards in Economics and Personal Finance
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