Banking was a lot different before 2008. Young economists learn about the ways government regulation keeps banking practices consistant, fair, and equitable for consumers around the country.

Concepts

banking, the federal reserve system, government regulation, interest rates, financial literacy, economics, the united states economy, the financial crisis of 2008

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Additional Tags

social studies

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Instructional Ideas

• Assign the video for homework the night before a lesson on bank regulation, or have learners view the video during a warm-up in economics class
• Encourage class members to research the financial crisis of 2008 and the ways government regulation has changed for specific financial entities

Classroom Considerations

• Does not include a transcript like the first video in the series
• Even though the video was published in Atlanta, the information is applicable to banks in all cities and states
• The second of nine videos detailing the responsibilities of the Federal Reserve

• This video is hosted on YouTube

Pros

• Animation makes a complex concept accessible and engaging

Cons

• None

Common Core

RH.9-10.1 RH.9-10.3 RH.9-10.9