Appendix on Implementing District Standards
Below is a list of standards from the social studies section of the Commonwealth of Pennsylvania’s Department of Education. These standards will be used as a guideline to allow students to think critically about the Financial Crisis of 2008.
Civics and Government
Standard - 5.2.12.C: Evaluate political leadership and public service in a republican form of government. Students will examine the role members of the Federal Reserve, the White House, and the US Congress played in developing and reacting to the Financial Crisis of 2008.
Standard - 5.3.12.C: Evaluate how government agencies create, amend, and enforce regulations. By examining the roles and responsibilities of the Fed and the US Department of the Treasury, students will analyze how monetary and fiscal policy affects the nation’s economy.
Economics
Standard - 6.2.12.F: Evaluate the impact of private economic institutions on the individual, the national and the international economy. Students will study the American financial system through the development of the Subprime Mortgage Crisis. More specifically, students will identify the role homebuyers, commercial banks, investment banks, hedge fund companies, financial insurance companies, government-sponsored enterprises, and other key players had in the development of the Financial Crisis of 2008.
Standard - 6.3.12.B: Assess the government's role in regulating and stabilizing the state and national economy. Using critical pieces of legislation and policy, students will learn how the government regulates the economy through both fiscal and monetary policy.
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