Cincinnati Time Store

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/cincinnati-time-store

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the location?Cincinnati, Ohio
2. What is the years of operation?May 18, 1827 – May 1830
3. How did people pay for things at the Cincinnati Time Store?Customers used labor notes, giving the store hours of their own work. For example, if a pair of shoes took five hours to make, the buyer would pay with five hours of labor.
4. Who started the Cincinnati Time Store?Josiah Warren, a thinker who believed that the value of goods should come from the time they were made, opened the store.

Labor Theory of Value: An economic theory positing that the economic value of a good or service is determined by the total amount of socially necessary labor required to produce it.
Individualist Anarchism: A school of anarchist thought that emphasizes the individual and their autonomy, rejecting external authority and advocating for voluntary association.
Mutualism: A socialist economic theory and practice advocating for a society based on voluntary cooperation, mutual credit, and free association, often associated with Pierre-Joseph Proudhon.
Labor Notes: A form of currency or scrip issued by labor exchanges, representing a specific amount of labor time, intended to facilitate equitable exchange.