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Handout discussing Charles A. Beard's interpretation of the U.S. Constitution, published in 1913.
Handout listing characteristics of command and market economies, including roles of planners and economic activities.
A man holds a gun and a boy holds a sign that reads, Gas Stealers Beware. We're Loaded For Bear.
Statue of Lady Justice holding scales, representing fairness and the law.

Economics Playlist

19 items

Handout discussing Charles A. Beard's interpretation of the U.S. Constitution, published in 1913.
Primary Source: Charles A. Beard, An Economic Interpretation of the Constitution of the United States, 1913
Activity

Activity

Excerpted text from Charles A. Beard's "An Economic Interpretation of the Constitution of the United States" that asks students to evaluate his arguments for the motivation of the Framers.
A man holds a gun and a boy holds a sign that reads, Gas Stealers Beware. We're Loaded For Bear.
The 1973 Oil Crisis and Its Economic Consequences
Essay - 2453 Words

Essay

2453 Words

What led to the shortage of gasoline in 1973?
Teaching History, Civics & Economics with the Hoover Institution at Stanford University
Webinar

Webinar

40 Min

This video is an overview of Building Blocks of Progress, which is presented in partnership with the Hoover Institution. Video supplements originally published on PolicyEd.org a product of Hoover Institution, Stanford University. Find it here: https://billofrightsinstitute.org/curricula/building-blocks-of-progress This resource encourages students to consider the economic choices that actors make every day. The resource covers the role of individuals, government, and economic principles in creating a free society. Each lesson is paired with multiple videos developed by the Hoover Institution to create a rich, blended learning experience for students.
Statue of Lady Justice holding scales, representing fairness and the law.
Understanding the Role of Constitutional Government in Promoting Economic Prosperity
Lesson - 8 Activities

Lesson

8 Activities

60 Min

Why is equality important for achieving prosperity? How does rule of law create a stable and predictable environment for economic prosperity? What is the proper role of the government in regulating the economy?
60 Min
Gas station with a sign that reads "Closed Due to Gasoline Shortage," and a parked car nearby.
Essay: Making Economic Decisions
Essay - 1509 Words

Essay

1509 Words

When we hear the term “economics,” we tend to think about ups and downs in the economy as well as graphs mysteriously depicting supply and demand. In reality, economics is vitally important subject because it is the study of making choices. More specifically, it is the study and practice of making choices in a world of limited resources (scarcity). You cannot go for a day without making economic decisions. For this reason, an understanding of economic thought makes you a more successful citizen.
One hundred dollar bill featuring a portrait of Benjamin Franklin.
Essay: Prices and Value
Essay - 1845 Words

Essay

1845 Words

Prices are created through interactions between sellers and buyers. Supply (sellers) and demand (buyers) is the first, most recognized model in economics. Demand represents the various numbers of items that consumers are willing and able to purchase at a series of different prices at a particular point in time.
Image of the word tax
Taxes and Regulation
Lesson - 3 Activities

Lesson

3 Activities

In America’s free society, entrepreneurs of many kinds start businesses that create the nation's wealth. The Founders established the federal government in the Constitution, and the American people ratified it to protect the rights and property of its citizens. That meant that national defense, court systems, and political administration all became part of the U.S. government. Therefore, some taxes were necessary to support the limited functions of this new government.
A black and white image of stock traders on the trading floor, one man holds up a piece of paper while others observe.
Saving and Investing
Lesson - 3 Activities

Lesson

3 Activities

60 Min

If, as individuals, we spend more than we earn, we can go bankrupt. The same is true with nations. If a nation spends on government services more than it takes in from tax revenue, it runs a deficit, and must borrow at interest to get back to even.
60 Min
Graphic featuring the title "The Economics of the North & South Before the Civil War" with icons and a map outline.
The Economics of the North & South Before the Civil War
Video

Video

5 Min

What economic issues split the North and South during the leadup to the Civil War? This Homework Help video explores this question and will help prepare you for your upcoming test!
5 Min
Statue of a man in formal attire surrounded by green trees.
Federalism and the National Bank
Lesson - 1 Activities

Lesson

1 Activities

How did the division of power for the United States shape early American history?
A vintage sailing ship docked near a grassy waterfront with blue skies and distant city skyline.
Mercantilism and the Colonial World
Lesson - 2 Activities

Lesson

2 Activities

Discover how mercantilism influenced the development of colonies in North America.
Stacked logs in a forested area with greenery in the background.
Major Industries of the 13 Colonies
Lesson - 1 Activities

Lesson

1 Activities

How did climate and available resources affect the development of the 13 Colonies? 
Historical depiction of Indigenous people interacting with colonial settlers at a waterfront.
Colonial Experience with Government and Economics
Lesson - 3 Activities

Lesson

3 Activities

75 Min

When European colonists came to North America, they faced the challenge of establishing societies that reflected their identity and mission for God. Experiments with economic and civil liberty followed in the name of the common good. Colonists and, later, the Founding generation became convinced that legally requiring individuals to commit their labor or their money towards a communal farm or church, with no regard for individual contribution or conscience, violated principles of justice. The link between economic liberty and the liberty of conscience became clear to many, and is responsible for liberating “a field without an horizon ... to the exploring and ardent curiosity of man.”
75 Min
Container ship docked at port, unloading red shipping containers with cranes in the background.
International Trade
Lesson - 2 Activities

Lesson

2 Activities

For all of human history, people have desired things that people in distant lands possessed in abundance. From Australian opals to Chinese silk, Greek olive oil to French wine, Peruvian textiles to Florida oranges, from South African diamonds to Cuban tobacco, we have always wanted access to the best things different places around the world have to offer.
One hundred dollar bill featuring a portrait of Benjamin Franklin.
Prices and Value
Lesson - 5 Activities

Lesson

5 Activities

Prices are created through interactions between sellers and buyers. Supply (sellers) and demand (buyers) is the first, most recognized model in economics. Demand represents the various numbers of items that consumers are willing and able to purchase at a series of different prices at a particular point in time.
Digital stock market display showing various company names, prices, and stock changes. Time displayed at bottom.
How Economic Systems Work
Lesson - 5 Activities

Lesson

5 Activities

60 Min

As buyers purchase goods and services, they signal to the producers what ought to be made. If people want to wear pants with farm animal designs, they buy them. Producers have to be observant to anticipate demand. As they see that the stock of cow pants is flying off the shelves, they will create many more of them. Buyers and sellers are able to communicate effectively using just money.
60 Min
Portrait of a man with a white beard and mustache, wearing a suit and looking thoughtfully at the camera.
Philanthropy
Lesson - 4 Activities

Lesson

4 Activities

60 Min

Philanthropy may be defined as the desire to promote the welfare of society by giving your own money to good causes. Philanthropy is not allocating the money of others, whether through taxes or government programs, to the less fortunate in society. Philanthropy is an action of one individual or one family giving to help others.
60 Min