This activity can be used as a group brainstorming/discussion and/or the basis for a paper. I do both. I use it after students read their chapter on income distribution and ask them to explain why the gap exists in American history, and why it's narrowing, using the theory of "constrained choices." Grading rubric included.
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I've taught in schools in Florida, California, Washington, and Wisconsin, and I've just started teaching at a new start up college prep school in Santa Barbara, California.