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The Housing Crisis: GDP, Housing Bubble, Recession
Source: MacNeil/Lehrer Productions | Type: Lesson

The objective of this lesson is to help students understand the housing bubble and the current U.S. and global economic crisis. Students will explore GDP and GDP growth, look at housing starts as a leading economic indicator, debate what makes a bubble, review the definition of a recession, and discuss the value of economic forecasting. In an optional section, students can learn about bubbles in history, including a stock bubble in the early 1700s, in the shares of a company, run by a Scotsman named John Law called the "Mississippi Company"




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