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Lesson 1
A Comparison of the Panic of 1907 to the Crisis That Began in 2007

This lesson provides an overview of the similarities and differences between the Panic of 1907 and the financial crisis that began in 2007. Students will assess the financial systems, economic events, and government responses in both periods. They will organize their analysis through a compare-and-contrast organizer. Students will read a summary of events surrounding the San Francisco earthquake of 1906 and Hurricane Katrina in 2005 and resolve a mystery surrounding their impact on the nation's financial system. The students will participate in an oral reading illustrating the abandonment of traditional lending policies in the expansion of credit to 21st century borrowers.

Concepts

  • Interest
  • Interest Rate
  • Mortgage
  • Risk

Standards in Economics and Personal Finance

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