A friend once told me that he once had a history teacher who, because she had studied history teacher, she foresaw the recent recession coming. Let’s hope that she got all of her money out of stocks before it happened. There is also a saying that history repeats itself. Looking at this infographic, what do you think?
By comparing and contrasting each economic down turn, what are some of the similarities and some of the differences? What are factors that may contribute to the next economic down turn?Answer the same questions for each economic upturn? Does it simply take time to come out of a poor economic time, or are there certain things that can be done to help it along?
Finally, do you and your students think that once we are out of this recession, we will be done with them for good? Probably not, but what can you and your students do to prepare for the next one? The next one will probably happen when your students are adults, and starting jobs. What should they do to prepare of a recession while they are just starting out in life?