Day 3

Lesson Objectives

  • Understand the evolution of America’s dependence on credit.
  • Observe and analyze the “normal” American family as it relates to personal finance.

Assignment CU1.3

  1. Watch Video CU1.3
  2. As you watch the video, record the missing words from page 16 and 19 of the textbook as they pop up on the left side of the video screen by filling in this form.  (page 16 and 19) .
  3. Discussion Questions:
    1. Define the following:
      • Consumer
      • Credit
      • Debt
      • Economy
    2. What was one thing that shocked you about the history of credit and consumerism?
    3. Did learning about the history of credit make you want to manage money differently than the average American?  Why or why not?
    4. Why aren’t Americans better at managing money?
    5. Describe the financial reality of most Americans.
    6. What can you do to make sure your future financial reality does not include debt?

Assignment CU1.4

  1. Credit has not always been considered a “normal” means to purchase things.  In this assignment, you will find out what caused things to change to allow credit to be present in our buying practices today.
  2. Make a copy of this Google Document (Espanol), name it New Deal Policy-(Your Initials), and move it into your Lesson 1 folder.  
  3. Read the instructions within the document to complete the task completely.