Title: Money Madness
Author: David A. Adler
Illustrator: Edward Miller
Publisher: Holiday House
Concepts: money, exchange, barter
Review: People want money, but why? At first glance, currency around the world is simply paper with nice pictures printed on the front and back, but life would be more difficult if people did not use money. People would have to be much more self-sufficient, either producing life’s necessities themselves or bartering with others for the commodities they need in their daily lives. Long ago, people used items such as rocks and livestock as a form of money, but rocks got heavy and the livestock could run away. Coins made of precious metals were a big improvement, but carrying many coins also proved burdensome. The creation of paper money helped people not only to buy and sell goods and services, but also to provide a common measure of the value of these items.
With its brisk text and eye-catching illustrations, this informative book is sure to appeal to younger children as they learn to navigate the economic world around them. When households around the world are talking about financial instability and economic security, this book comes as a welcome means for teaching children about the fundamentals of money and exchange.
Review by: Rutgers University Project on Economics and Children