Modern people work in massive factories or offices for remotely managed corporations and need protection in their capacity as employees. Instead of locally made or distributed products, they buy mass market goods manufactured hundreds or thousands of miles away and need protection in their capacity as consumers. And as industrial production…

The Federal Reserve (the Fed) is the central bank of the United States. It has a congressional mandate to promote maximum sustainable employment and price stability. In normal times, the Fed seeks to achieve this mandate by setting the position or "stance" of monetary policy, primarily by managing the level of short-term interest rates.…

In 1971, the newly established Environmental Protection Agency (EPA) created DOCUMERICA, a federal government photography project born out of the nation's environmental crisis. The photographers hired by the EPA took thousands of photographs depicting pollution, waste, and blight, but they were given the freedom to capture the era's…

This article represents the third in a "ghost story" series by the same authors. Readers may recall that Mr. Bernanke was "visited" by the ghosts of Adam Smith and John Maynard Keynes in the March/April 2010 issue of "Social Education" as these two famous economists debated the economic recovery (see EJ878912). Mr.…

In this article, Erika Cook and Aaron Becker suggest teachers travel to "unfamiliar" lands to not only breathe life into global lessons but also to gain new perspectives and experiences as educators. For teachers who dread teaching about an unfamiliar place or culture, Cook and Becker recommend considering the very real opportunities to…

The U.S. economy today has been in recovery since 2009. But nearly everyone agrees that the recovery is anemic--too slow to reduce the high level of unemployment. Real Gross Domestic Product (GDP)--the total value of all the goods and services produced in the United States--increased at an annual rate of 2.8 percent in the fourth quarter of 2010.…

Students with an understanding of economics are better equipped to comprehend the forces that influence people's standard of living and overall financial well-being. Broad-based economic literacy supports an environment where students can participate in America's democracy as well-informed and responsible citizens, whose collective actions may…

In the fall of 2008, the Federal Reserve Banks of Atlanta and St. Louis began a systematic evaluation of their economic and personal finance educational outreach programs. Both banks were interested in developing tools to assess the success of their existing economic and financial education programs. However, before any assessment could begin, a…

Many textbooks define economics as the social science that studies how people make choices when faced with scarcity; or how a society decides what to produce, how to produce, and for whom to produce. Regardless of the definition, students' economic understanding is fundamental to their financial well-being and their ability to build successful…

The recent financial crisis brought about dramatic changes in the way that the Federal Reserve, the nation's central bank, conducts monetary policy. One challenge for high school educators going forward will be to strike a balance between the teaching of traditional monetary policy and the teaching of the monetary policy used during these…

For much of the nineteenth century, the U.S. did not allocate many resources to intelligence gathering. Many Americans were wary of espionage, partly because of the disreputable association of espionage with the Pinkerton National Detective Agency, the nation's first private detective and police agency. In the realm of twentieth-century…

Economists and historians have struggled for almost 80 years to account for the American Great Depression, which began in 1929 and lasted until the early years of World War II. In this article, the authors discuss three major schools of thought on the causes of the Great Depression and the long failure of the American economy to return to full…

Coleen Rowley became one of the most famous whistleblowers in the United States in recent times when she blew the whistle on intelligence blunders at the FBI. The special agent's fiery 13-page letter to FBI Director Robert Mueller in 2002 detailed the FBI's failure to investigate Zacarias Moussaoui, a French national of Moroccan descent known as…

Describes the German health insurance system which is mandatory for nearly all German citizens. Explains that, along with pension, accident, and unemployment insurance, health insurance is one of four pillars of the German national social security system. Asserts that controlling costs while maintaining high health care standards is a national…

Contends that during the Great Depression the federal government gave the visual arts unprecedented support. Presents a classroom lesson on a public controversy regarding a Works Progress Administration sponsored mural in an Idaho city. Includes teaching suggestions, recommended topics for student projects, and four primary sources. (CFR)