Grade 9-12
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Video

Making Sen$e with Paul Solman: Historian Finds Positive Side of Economic Downturn

Updated: March 27 2009,
Author: barrel fan
Teacher Version

Standards

State Standards

Concepts

Business Cycles, Character, Consumers, Credit, Distribution of Income, Economic Development, Economic Systems, Employment and Unemployment, Income Distribution
 Open Video

Great Depression historian Robert McElvaine found that economic downturns can cut down on consumption and help people focus on what really matters in life.