- ›› Keywords : Finance
Banks and banking seem rather mysterious. What do banks do? Why have they for so long been an integral part of our economy? Why, as in the financial crisis that commenced in 2007, do banks every so often get into trouble and create serious problems for the country?
Glossary Term – Organization
Crédit Mobilier was an American finance and construction company established to build the Union Pacific Railroad. It was embroiled in scandal, however, when a corrupt deal between the company and members of Congress was exposed in 1872. The company had received the lucrative railroad contract after selling shares far below market value to Congressional Republicans.
There certainly can’t be a greater Grievance to a Traveler, from one Colony to another than the different values their Paper Money bears.
—an English visitor, ca.1742Introduction
Students use different kinds of paper money to purchase items to learn about the problem in colonial times when each colony had its own currency. The students will find that it is nearly impossible to complete tasks due to the confusion.Procedure With student help, generate a list...