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If You Made a Million Author: David M. Schwartz Illustrator: Steven Kellogg Publisher: Mulberry Books Copyright: 1989 ISBN: 0688136346 Number of Pages: 40 Ohio Standards Alignment: Grades 2–8
This children's picture book shows different forms of money, such as coins, paper money, and checks. The author starts by showing equivalent forms of cash (10 dimes is worth the same as 20 nickels is worth the same as 100 pennies). For large amounts of money, checks are more efficient, and the author explains to young readers how banks use checks to transfer money from one person to another. Savings and the earning and compounding of interest are discussed, along with borrowing and the paying of interest. This book is an engaging introduction to some fundamentals of personal finance.
Go to: How to Use This Book Highlights and Insights Related ORC Resources Ohio Standards


How to Use This Book

 Early Elementary: This book could be an entertaining introduction to the concept of money as coins and paper currency. You could ask second or third graders to tell you what trades could be made between coins for the same amounts, rather than just read it to them. For instance, ask them to determine what coins can be used to make 50 cents or a dollar.
 Middle School: This book could be used to introduce the concept of interest (simple and compound) to students.
 High School: This book could be used in a consumer math class to motivate the concept of interest earned on a savings account, interest paid on credit cards and loans, and the mechanics of checking accounts. .


Highlights and Insights

 Though fanciful in tone, this picture book touches on realworld topics. Students will use these money concepts throughout their lives.
 The three pages of author's notes in the back of the book explain more details about banks, interest, loans, and checking accounts. The author also justifies his claim that a million dollars in pennies would be a stack 95 miles high.


Related ORC Resources

Million Dollar Giveaway: Measurement Resource Type: Lessons Discipline: Mathematics Grades: Grades 5–7 Professional Commentary: The prize for winning a radio contest provides the winner with up to $1,000,000 in cash. The catch is that the winner is allowed only one suitcase in which to carry away as much money as it will hold in $1 bills.... Money Counts: Math Grows Up (Number Sense/Computation) Resource Type: Lessons Discipline: Mathematics Grades: Grades 1–2 Professional Commentary: Through a collection of handson activities, students gain experience in counting, exchanging, and comparing money. Students begin the lesson by finding all possible combinations of coins that can be used to equal a specified amount of money.... Resource Type: Lessons Discipline: Mathematics Grades: Grades 1–2 Professional Commentary: In this sixlesson unit, students explore the relationship between pennies, nickels, dimes, and quarters. They count sets of mixed coins, write story problems that involve money, and use coins to make patterns.... Resource Type: Content Supports  Technologies Discipline: Mathematics Grades: Grades 4–6 Professional Commentary: This applet gives students practice in figuring the correct change when making a purchase with bills of different denominations. Students may solve problems at four levels of difficulty using currencies from five different countries....


Ohio Standards

Number, Number Sense and Operations StandardBenchmarks (K2) D. Determine the value of a collection of coins and dollar bills. Benchmarks (34) F. Count money and make change using both coins and paper bills. Benchmarks (57) C. Develop meaning for percents, including percents greater than 100 and less than 1. Benchmarks (810) G. Estimate, compute and solve problems involving real numbers, including ratio, proportion and percent, and explain solutions. Grade Level Indicators (4) 8. Solve problems involving counting money and making change, using both coins and paper bills. Grade Level Indicators (6) 4. Describe what it means to find a specific percent of a number, using reallife examples. Grade Level Indicators (8) 6. Estimate, compute and solve problems involving rational numbers, including ratio, proportion and percent, and judge the reasonableness of solutions. 

