To show the booms, panics, depressions, and recessions which characterized the American economy during the one hundred year period following the Civil War.
Begin by reading with the class the background information discussing how events of the Second Industrial Revolution caused millions of workers to be affected by what economists call the "business cycle." Definitions of a boom, panic, depression, and recession are also included.
Students will then learn about booms, panics, depressions, and recessions by interpreting and constructing graphs pertaining to the 100-year period following the Civil War.
The lesson concludes with follow-up questions based on the graphs.
Teacher Instructions and answer key included.