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Making Sen$e with Paul Solman: Historian Finds Positive Side of Economic Downturn
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool - Making Sen$e with Solman
Great Depression historian Robert McElvaine found that economic downturns can cut down on consumption and help people focus on what really matters in life.
Grades:
Concepts:
- Consumers
- Depression
- Distribution of Income
- Economic Equity
- Recession
- Redistribution of Income
- Standard of Living
- Unemployment
Standards:
- Economics 6: Specialization and Trade
- Economics 9: Role of Competition
- Economics 13: Role of Resources in Determining Income
- Economics 15: Growth
- Economics 16: Role of Government
- Economics 19: Unemployment and Inflation
Related Resources:
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