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Social Education March 2006


Editor's Notebook



The Fed's Year of Transition

—Mark C. Schug and M. Scott Niederjohn
The change in leadership at the Federal Reserve, after more than 18 years, provides an opportune moment for students to study the Fed s historical development, the causes of the Great Depression, and the tools used by the central bank to avoid an economic crisis.



Lesson PlanMoney Panics and the Establishment of the Federal Reserve System

—National Council on Economic Education, New York
An unregulated banking system in the nineteenth century contributed to a string of severe money panics. A short play in this lesson plan helps students understand why this happened and how today’s Federal Reserve System protects against panics.



Strong Numbers and Weak Perceptions: Understanding the Rodney Dangerfield Economy

—William C. Wood
Even as economic indicators show the U.S. economy doing well, millions of Americans report living in economic distress. The author offers four reasons for this apparent contradiction.



Lesson PlanGlobalization and Foreign Investment

—, A project of the Carnegie Endowment
International investment has played a key role in propelling the world toward closer economic integration. This lesson plan explains for students the different types of foreign investment and the significance of each.


Surfing the Net

Teaching about Energy Issues and Energy Independence Using the Internet

—C. Frederick Risinger
In his State of the Union speech, President Bush pointed to America’s addiction to oil and called for more emphasis on alternative fuels. Websites highlighted in this article will help students learn more about this increasingly important public issue.


Looking at the Law

Executive Power in an Age of Terror

—James H. Landman
In today’s era of terrorism, marked by a non-traditional enemy, should the executive branch have greater authority? This article looks at the extent of the president’s power and the role of Congress and the judiciary in checking and balancing that power.



From the Classroom to the Battlefield: A National Guardsman Talks about His Experience in Iraq

—Toni Fuss Kirkwood-Tucker
Many struggling youth see military service and the benefits it provides as a way to pursue dreams like a college education. One young man who joined the National Guard spoke with his former teacher about fighting in Iraq and how it changed him.



Iraq after the December 2005 Election

—Social Education staff
In December, Iraqis went to the polls in a make-or-break election for a four-year national assembly. This special feature examines the problems facing Iraq at a time when its political scene has fragmented on a sectarian and ethnic basis.