Episode 59 of 60 · Financial Literacy: Cash Course
Government & the Economy
Grades 6th+
Economics — American Government · Government · Government — Contemporary World Issues · Economics — American History · History · Government — American History · Financial Literacy — Economics & Financial Literacy · Captions
About This Video
Can a sports referee also be a player? If that “ref” is the government and the “game” is the economy, the answer is yes! This Cash Course episode explores a strange reality: the government doesn't just set the rules, regulations, and policies—it also plays the game by buying and selling goods. Fair or not, one thing's certain: when the government plays, the economy changes, and so do the outcomes.
Standards Met in Ohio
- 9-12.AG.21Grades 9th, 10th, 11th, 12thThe Federal Reserve System uses monetary tools to regulate the nation's money supply and moderate the effects of expansion and contraction in the economy.
- AMG.9-12.20.lp.aGrades 9th, 10th, 11th, 12thIdentify the fiscal tools the federal government can use to influence the economy, including tax rates, spending, and regulation.
- AMG.9-12.20.lp.bGrades 9th, 10th, 11th, 12thUnderstand that the federal government can raise or lower taxes to impact the economy. For instance, raising taxes will increase the cost of goods and services, eventually making purchases more expensive for consumers.
- AMG.9-12.21Grades 9th, 10th, 11th, 12thThe Federal Reserve System uses monetary tools to regulate the nation’s money supply and moderate the effects of expansion and contraction in the economy
- AMG.9-12.21.aGrades 9th, 10th, 11th, 12thExplain the purpose of the Federal Reserve (e.g., who, what, where, and how it works; what it does).
- AMG.9-12.21.bGrades 9th, 10th, 11th, 12thIdentify the three main functions of the Federal Reserve.
- AMG.9-12.21.cGrades 9th, 10th, 11th, 12thMatch the Federal Reserve with its purpose.
- AMG.9-12.21.lp.aGrades 9th, 10th, 11th, 12thUnderstand that the Federal Reserve System makes decisions that impact the economy. For example, the Federal Reserve System sets the minimum amount of money banks must keep on hand. Raising or reducing the reserve requirement influences how much money is in circulation.
- AMG.9-12.21.lp.bGrades 9th, 10th, 11th, 12thUnderstand that the Federal Reserve System works to maintain economic stability. For instance, keeping prices from rising or falling too fast or making sure banks have enough money to pay their customers During the Great Depression many banks did not have enough money on hand.
- AMH.9-12.13.lp.bGrades 9th, 10th, 11th, 12thLink American ills from industrial capitalism to the solutions, such as anti-trust acts, creation of Federal Reserve to control the nation’s money supply and regulate the banking system
- AMH.9-12.19.lp.cGrades 9th, 10th, 11th, 12thIdentify the Great Depression as an economic crisis resulting from the lack of regulation of the economy by the federal government.
- CWI.9-12.16.lp.eGrades 9th, 10th, 11th, 12thIdentify safety rules for the community.
- CWI.9-12.16.lp.fGrades 9th, 10th, 11th, 12thIdentify safety rules for the home.
- CWI.9-12.16.lp.gGrades 9th, 10th, 11th, 12thIdentify safety rules in the school.
- CWI.9-12.18.lp.fGrades 9th, 10th, 11th, 12thIdentify safety rules for the community.
- CWI.9-12.18.lp.gGrades 9th, 10th, 11th, 12thIdentify safety rules for the home.
- CWI.9-12.18.lp.hGrades 9th, 10th, 11th, 12thIdentify safety rules in the school.
- EFL.9-12.18.lp.bGrades 9th, 10th, 11th, 12thIdentify a money market account or money market deposit account is a deposit account that pays interest based on current interest rates in the money markets.