Episode 43 of 60 · Financial Literacy: Cash Course
The Great Federal Reserve Mystery
Grades 6th+
Economics — American Government · Government · Economics — American History · Captions
About This Video
Think the Federal Reserve is too complicated to understand? Not anymore! In this mystery-solving episode, high school students will uncover how America’s central bank controls the money supply, sets interest rates, and regulates banks through monetary policy. Why is the Fed so powerful? And how does it impact everything from inflation to job growth? Unravel the mystery and find out.
Standards Met in Ohio
- 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.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.9-12.19.lp.bGrades 9th, 10th, 11th, 12thUnderstand that prior to the Great Depression the federal government provided little regulation of the banking system, leading to high corporate and consumer debt.