Myths, tall tales, and urban legends: A lesson on the facts behind the Fed
Description Return to Resource List
- Title
- Myths, tall tales, and urban legends: A lesson on the facts behind the Fed
- Reserve Bank
- Atlanta
Summary
Myth or reality: The Fed has constitutional authority. Reality! The constitutionality of central banking was established through a U.S. Supreme Court precedent. The case, McCulloch v. Maryland, 17 U.S. 316 (1819) was a landmark decision by the U.S. Supreme Court. This active-learning lesson introduces students to common myths about the Federal Reserve and the reality behind the misconceptions. Students will evaluate statements about the Federal Reserve, using primary sources and each other to determine whether they are true or false. They circulate and survey one another in the process to pair myths and realities.
Additional Information
| Types |
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Whiteboard
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| Topic |
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Central Banking |
| Target Audience |
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Teachers |
| Grade Level |
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9-12 |
| Keywords |
| open, market, operations, monetary, policy, bank, panics, board, of, governors, member, banks, primary, sources, gold, Federal, Reserve, Act, 1913, U.S., Congress, precedent, central, bank, McCulloch, Maryland, 1819, national, banking, act, 1935, federal, open, market, committee, fomc, inflation, money, myth, reality, Jekyll, Island, misconceptions, structure, functions, Federal, Reserve, System, fiat, money, interactive, lesson, Supreme, Court, unconstitutional, capital, stock, Woodrow, Wilson, whiteboard, lesson |
| Education Standards |
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