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 1.2.1

  1. Watch Video 2.1
  2. As you watch the video, record the missing words from page 16 and 19 of the Chapter 1 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. What was one thing that shocked you about the history of credit and consumerism?
    2. Did learning about the history of credit make you want to manage money differently than the average American?  Why or why not?
    3. Why aren’t Americans better at managing money?
    4. Describe the financial reality of most Americans.
    5. What can you do to make sure your future financial reality does not include debt?

Assignment 1.2.2

  1. Your teacher will assign you your New Deal research policy topic.
    • Federal Deposit Insurance Corporation (FDIC)
    • Home Owners Loan Corporation (HOLC)
    • Federal Housing Authority (FHA)
    • Electric Home and Farm Authority (EHFA)
  2. Your research should utilize (2 at a minimum) multiple sources.
  3. The focus of the research is to summarize the purpose of the policy and evaluate the common focus of the agency.
  4. Record your findings in a one-page report using paragraph form in a new Google Document in your Chapter 1 folder titled New Deal Policy-(Your Initials).  Use 1″ margins, Times New Roman font, size 12, and double spaced as your settings.

Assignment 1.2.3

  1. In your Personal Finance Journal-C1 file in your Chapter 1 folder, complete the next row in the table by answering the question listed.