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This issue of Page One Economics discusses how income and wealth inequality are measured, what drives differences among individuals and households, and how growing inequality may affect the overall economy.
Opportunity occupations, or jobs that don't require a four-year degree yet typically pay above the national annual median wage, are important to the economy and many are anticipated to have solid growth. Use this infographic to explore these careers!
Students listen to the story of Ruby and Max, bunnies that go shopping and make spending decisions. They learn about short-term and long-term savings goals. After a goal-sorting activity, students choose and illustrate their own savings goal.
This lesson highlights the resources needed for a business and key information entrepreneurs should consider before starting a business. Through the story and activities, students will learn about division of labor and identify risks and rewards.
Many countries have currency that reflect their history, culture, and landscapes. They tell the story of that nation and the people who dwell there. Learn more about currency across the globe with this virtual exhibit from the Money Museum!
A Lesson to Accompany "The First Bank of the United States: A Chapter in the History of Central Banking"
In this lesson, students view a film segment about the early United States and the first Bank of the United States. They work in groups to examine quotations from Hamilton’s and Jefferson’s letters to President Washington and summarize the arguments.
In this lesson, students view a video on the characteristics and functions of money Based on the information they learn, they work in small groups to analyze a series of scenarios and determine which characteristic or function of money is being described
A shortage of money was a problem for the American colonies. The early settlers brought coins from Europe but they went quickly back there to pay for supplies. Without enough money, the colonists had to barter for goods or use primitive currency.
Students participate in a trading simulation to learn about barter and the benefits of using money. Working in pairs, students receive information cards on different forms of money used during U.S. history and identify specific problems with each.
Connect your 6-12 students with the Chicago Fed through our free virtual programs: Q&A with a Fed Ambassador and the Chicago Fed's Money Museum syllabus.