1. Banks are businesses. How do they earn a profit?

2. Banking
Essential Questions: Why are banks vital to the health of the U.S. economy? How do banks improve the standard of living of Americans?

3. Video Clip

4. “Recollections of Pine Gulch”
1. What services did Slim provide to the people of Pine Gulch? Why was there a demand for these services?
2. How was paper money introduced in Pine Gulch? Why would these receipts be considered to be money? What was the advantage of paper money?
3. How did Slim increase the money supply? Who benefitted from this practice?

5. Banking Summarizer
Essential Questions:
1. Why are banks vital to the health of the U.S. economy?
2. How do banks improve the standard of living of Americans?