Over the course of a month, my students learned about the three basic economic systems: capitalism, socialism, and communism. Recently, they have been studying the economic boom experienced by the United States right after World War I and through the 1920’s. We have made it a point to focus on business and the stock market as well.
Now it was time to put all of your knowledge to use. Included is a real argument that I came across on Facebook - all names are blacked out for privacy reasons (but all parties have given permission for its use - they are colleagues and love this lesson). Students are to read the argument then respond to the CRITICAL THINKING QUESTIONS that follow.
GOAL: The Great Depression is a highly political topic - The New Deal (Democrat) vs. Trickle Down Economics (Republican). This assignment was a fun way to help my students begin connecting their learning about economic systems to political systems. The argument can be interpreted in various ways - both sides make very good points. This serves as an opportunity to explain to students that there really is no 'right' or 'wrong' in politics - instead it is highly subjective!