100 (Divided by 2) Reasons to Love the Fed's New Centennial Commemoration Lessons
Let's face it, economists love math! So once you get done with the division problem in the title, read on to find fun ways to learn about some of the characteristics of the Federal Reserve System's new Centennial Commemoration Lessons. (Titles of the lessons are "Defining Moments in Federal Reserve History," "The Federal Reserve System Shuffle," and "The Modern Federal Reserve System.")
- There may be "no such thing as a free lunch"—but there are these lessons, which are free for teachers!
- Students love the new $100 bill. Teach them about the entity issuing it!
- The last 100 years was full of economic excitement. Learn how the Fed keeps us calm.
- You get to say the word "Knickerbocker" and have people take you seriously.
- The words "Congress" and "compromise" appear in the same sentence.
- Great things come in threes!
- We've already made the PowerPoint slides.
- Play (pun intended!) on your students' flair for the dramatic with Reader's Theater.
- Relive historical Fed moments using the Time Travel Trekker.
- Witness the birth of open market operations.
- Econ Ed is a top-notch time traveling journalist.
- Who wouldn't love a comprehensive Fed glossary!?
- The concept cards make a great Fed Word Wall.
- Reminisce about Glass-Steagall.
- Find out why issuing elastic currency is a snap.
- Learn that Bretton Woods is a place and an agreement, not a person.
- Finally, an opportunity to teach about the International Monetary Fund and the World Bank!
- Understand the difference between charge cards and credit cards.
- Discover why America changed forever in 1966.
- Uncover the truth about Regulation Z.
- Imagine a world before ATMs.
- Teach your students that lenders are barred from discriminating against applicants.
- Find out how Congress tried to erase "redlines" (and no, we don't mean the red marks that teachers make on students' papers).
- The Great Inflation is as important to know as the Great Depression.
- Fed targets have two bull's-eyes instead of one!
- Regulation J shows the benefits of having one set of rules for everyone.
- If you think REI only has something to do with camping, think again!
- Note the significance of 72,000 per hour.
- Are your check deposits available quickly? Find out why!
- Timelines are swag!
- Links. Lots and lots of links.
- Lesson 3 is trendy!
- Give high school students an academic reason to play follow the leader.
- Act like bond. Treasury bond.
- Contains great informal assessment strategies.
- Transparency that does not require a projector or marker.
- Beige is the new black. Find out how the Beige Book describes businesses' strategies to stay "in the black."
- Discover another version of the "three Rs": reform, recovery, and regulation, oh my!
- Learn why you can't buy the discount window at your local home improvement warehouse.
- You harbor a secret desire to know Basel III.
- Teachers know all about "stress tests"—it's good to know financial institutions experience them, too!
- Your favorite Econ Ed celebrities from Miami, Birmingham, and Nashville wrote some of the lessons.
- Wow, they are Common Core aligned!
- Find out what Dodd-Frank means.
- Discover who's "just passing through" the Automated Clearing House.
- You, too, can become fluent in "Fedese."
- Engage your class with information on the student loan market.
- It's always fun to think about direct deposits!
- Students learn that commercial banks are not just banks advertising on TV.
- The Fed puts the "super" in Supervision and Regulation.
Plus a few more...
Now that you have plenty of reasons to use the lessons, here are some links to other Federal Reserve Centennial Commemoration sites. A link to the lessons will be made available as soon as the lessons are released, currently scheduled for Wednesday, November 13, 2013.
From the first paper currency to the most recent financial crisis, you and your students will learn about the financial history of the United States the History of the Federal Reserve Timeline.
Love cartoons? The Fed Explained video series offers an engaging look at the creation and structure of the Federal Reserve System with the titles The Fed Explains the Central Bank and The Fed Explains Regional Banks.
Do you love the Fed and primary source documents? If so, check out the Fed's Collections Inventory Project and find Fed History documents galore!
By Sherilyn Narker, economic and financial education specialist at the Federal Reserve Bank of Atlanta
November 6, 2013