Many elementary school students are unaware of how banks make money and what causes them to fail. This lesson will provide students with a basic understanding of those two issues, linking them to the Great Depression and Franklin Delano Roosevelt's Banking Holiday in 1933.
How do banks make money?
What causes banks to fail?
How did Franklin Delano Roosevelt try to stem the failure of banks in 1933?
This lesson is part of Gilder Lehrman’s series of Common Core State Standards–based teaching resources. These resources were developed to enable students to understand, summarize, and analyze original texts of historical significance. Through a step-by-step process, students will acquire the skills to analyze any primary or secondary source material.
This activity can be used in most US history, economics, or civics classrooms. I would recommend that this lesson/unit in its current form be used in 11th- and 12th-...