Learning Goals:
Start the Federal Reserve section of Unit 4.02
BankingBellringer: Pull up PowerPoint 4.02 Fed
Before Lunch:
Guided Lesson:
Miss W will review background information about US bank runs.
The earliest bank runs were in 1907.
In 1913 Congress wrote the Federal Reserve Act
Some 650 banks failed in 1929.
Between 1929 and 1933, nearly 40 percent of U.S. banks failed.
We will watch a short video about a depiction of a bank run.
http://www.youtube.com/watch?v=qu2uJWSZkck
The Federal Reserve was created in part to prevent future bank runs.
http://stlouisfed.org/education_resources/inplainenglishvideo.cfm
After Lunch:
Miss W will continue reviewing "The Fed" Powerpoint
Independent Exercise:
Students will each take a page of The Fed comic and explain it to the class in their own words.
After the presentations are over
learn about inflation by playing this short game http://thefedexperience.org/#/?overlay
now with a partner try to stop the country from having inflation or going into a recession
http://www.frbsf.org/education/activities/chairman/index.html
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