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One Change, Two Ledgers is a free printable Grade 3 to Grade 5 social studies worksheet on effects of interdependence on different groups, aligned to C3 Framework indicator D2.Eco.15.3-5. It prints 2 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

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All 25 sets ask different questions.

One Change, Two Ledgers

D2.Eco.15.3-5

NameDate

Draw a line from each change to who gained and lost.

1.Draw a line from each one to its match.
  • Half-time working ends
  • Cheap imported grain lands at the harbor
  • Freight rates fall across the sea
  • Cotton grows dear abroad
  • A.Mill families eat better; upland farmers lose their market
  • B.Children gain schooling; poor families lose a wage
  • C.Importers gain; local shipowners earn less per voyage
  • D.Growers abroad gain; mill hands here face a wage cut
2.Draw a line from each one to its match.
  • Assisted passages are offered
  • Steam replaces water power
  • The harbor deepens and takes larger ships
  • Piped water is laid in the mill district
  • A.Shippers gain; the smaller neighboring port loses trade
  • B.Mill owners gain; upland water-mill villages lose work
  • C.Mill families gain; ratepayers elsewhere pay for it
  • D.Emigrants gain; the region loses its young workers

LessonPrint · D2.Eco.15.3-5 · Set 1 · free to copy for classroom use

Answer key — One Change, Two Ledgers

Set 1. Prints on its own sheet.

  1. 1.1. Half-time working ends — B (Children gain schooling; poor families lose a wage) 2. Cheap imported grain lands at the harbor — A (Mill families eat better; upland farmers lose their market) 3. Freight rates fall across the sea — C (Importers gain; local shipowners earn less per voyage) 4. Cotton grows dear abroad — D (Growers abroad gain; mill hands here face a wage cut)
  2. 2.1. Assisted passages are offered — D (Emigrants gain; the region loses its young workers) 2. Steam replaces water power — B (Mill owners gain; upland water-mill villages lose work) 3. The harbor deepens and takes larger ships — A (Shippers gain; the smaller neighboring port loses trade) 4. Piped water is laid in the mill district — C (Mill families gain; ratepayers elsewhere pay for it)

Questions about One Change, Two Ledgers

What does the One Change, Two Ledgers worksheet cover?

It practices effects of interdependence on different groups — 2 questions for Grade 3 to Grade 5, all on C3 Framework D2.Eco.15.3-5: Explain how depending on trade helps some groups and hurts others. The instruction to students is “Draw a line from each change to who gained and lost”, and the answer key follows on the next sheet.

Which C3 Framework indicator does One Change, Two Ledgers practice?

D2.Eco.15.3-5, under Economics for Grade 3 to Grade 5. The published indicator reads: “Explain the effects of increasing economic interdependence on different groups within participating nations.” The worksheet assesses that indicator rather than a paraphrase of it.

What age or grade is this worksheet for?

One Change, Two Ledgers is written for Grade 3 to Grade 5, typically ages 40-41. It is one of the sheets on D2.Eco.15.3-5, so it suits any student working at that standard — including older students revisiting it and younger ones working ahead.

Does One Change, Two Ledgers come with an answer key?

Yes. All 2 answers are generated from the same problems as the questions, so the key cannot drift out of step with the sheet. It starts on a fresh sheet of paper, after the questions, so it is not handed out with the class by accident.

How many different versions of One Change, Two Ledgers can I print?

25 — one per student, and all 25 ask different questions. Set 1 downloads the whole class as a single PDF. Every version is fixed to its own address, so a sheet printed today holds the same problems when you reopen it next week.

Is One Change, Two Ledgers free to print and photocopy?

Yes. One Change, Two Ledgers, its answer key and its 25 versions are free to print and photocopy for your own class, with no account, no email capture and no subscription at the download step. Please do not resell them or republish them as your own.

Is there a lesson plan to teach D2.Eco.15.3-5?

Yes — “One Change, Two Ledgers” is a 50-minute Grade 3 to Grade 5 plan for D2.Eco.15.3-5, timed section by section, with the misconceptions to expect and an exit ticket. One Change, Two Ledgers is the practice that follows it.

More practice for D2.Eco.15.3-5

Explain how depending on trade helps some groups and hurts others.

Teaching this next? One Change, Two Ledgers is the 50-minute plan for it, with the misconceptions to expect.

All Grade 3 to Grade 5 worksheets

Last reviewed 2026-09-05. Aligned to D2.Eco.15.3-5 of the C3 Framework for Social Studies State Standards.