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Lessons from Economic Recessions- Introduction and Great Depression

History teaches lessons- it allows those of us in the present to see how results in the past worked. Economic recessions are a great teaching tool for policy makers and average citizens, because they teach us how the recession may have happened and how to emerge from the recession and therefore inform us as to the policy actions that we must take and those that we as citizens must support.

The problem is though that policymakers and citizens really only have learned about one historical economic recession, The Great Depression, and the lessons that they have been learned regarding this recession are usually the wrong lessons. There are other recessions that our nation has battled through and the lessons we can learn from them may be more instructive to policy makers and average citizens, especially in light of the current Obama recession.

The version of the Great Depression that most Americans learn is that unregulated capitalism, free trade, lax regulation, and unequal distribution of wealth led to a massive collapse of our economy in 1929, then President Hoover did nothing to intervene and help, and our nation didn't recover until FDR actively and aggressively acted with his New Deal policies of massive spending, massive debt, massive regulation, and massive changes to the American system. The problem with this version of history, and the lessons that it teaches, is that it is almost wholly false.

The Great Depression resulted from government policies- the Federal Reserve messing with rates, the regulations and taxes from the Wilson administration, etc- combined with restrictive trade policies and the collapse of a major economic power (Germany), which resulted in a recession in 1929. President Hoover then acted in a very active and ultimately destructive manner, increasing spending, regulation, and activity by the government, resulting in the recession deepening and lasting until 1932. FDR took these mistakes and expanded on them and enlarged them, and the result was that a real recovery never took place and rather the nation dropped into another recession (1937), leading us to just lump this whole time period together as the 'Great Depression.' Although the world war helped mask many of our economic problems, it wasn't until the death of FDR and the ending of his policies that our nation began to recover in any real economic normal sense, and wealth began to be created again. This is a closer version of events, with entirely different sets of lessons to learn.

But don't take my word for it- check out the following books to become more educated on the Great Depression- America's Great Depression, Great Myths of the Great Depression (this one is great- only $2, a dozen pages, and a great gift for any history teacher to receive), or Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse.

In my next post I'll address other economic recessions and the lessons to learn from them.

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Fight poverty with wealth creation, not charity-John Kufuor

In CNN:
According to Kufuor, encouraging the private sector has been key to fighting poverty in Ghana. "We fight poverty with wealth creation, otherwise it's charity, and that's not what we came into government for," he said.

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Daily Education & Technology News for Schools 06/29/2011

Posted from Diigo. The rest of my favorite links are here.

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Combining the practical with the personal, The Mother-Daughter Book Club tells the story of 10 mothers and their preteen daughters and how their relationships were enriched through a monthly reading club. With step-by-step guidelines, stories, anecdotes, reading lists, sample themes and related activities, it offers practical instructions for starting a book club while encouraging mothers and daughters to learn to talk openly with one another.

At a key stage of their daughter's development, mothers will find a hopeful antidote to depression, eating disorders, self-destructive behavior and other problems facing adolescent girls. Most important, The Mother-Daughter Book Club shows that reading, learning and spending time together helps girls build self-esteem.

With suggested reading lists from authors and experts ranging from Kaye Gibbons, Joyce Carol Oates and Tipper Gore to Henry Louis Gates, Jr., Beth Winship and Ann Martin, The Mother-Daughter Book Club has the potential to inspire whole networks of reading clubs nationwide.
























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Even if Megan would rather be at the mall, Cassidy is late for hockey practice, Emma's already read every book in existence, and Jess is missing her mother too much to care, the new book club is scheduled to meet every month.

But what begins as a mom-imposed ritual of reading Little Women soon helps four unlikely friends navigate the drama of middle school. From stolen journals, to secret crushes, to a fashion-fiasco first dance, the girls are up to their Wellie boots in drama. They can't help but wonder: What would Jo March do?

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Here We Go Again: My Life in Television

Betty WhiteA MEMOIR OF BETTY WHITE’S FIRST FIVE DECADES ON TELEVISION—AS IRREVERENT AND IRRESISTIBLE AS THE BELOVED ACTRESS HERSELF

BETTY WHITE first appeared on television in 1949 and has gone on to have one of the most amazing careers in TV history, starring in shows such as Life with Elizabeth, The Mary Tyler Moore Show, and The Golden Girls, among many others. She is one of the hardest-working actresses of any era, and her sense of humor and perennial optimism have seen her through half a century of industry changes and delighted millions of fans.


Now, during Betty’s sixty-first year on screen, a year in which she has enjoyed a huge resurgence of popularity, her 1995 memoir makes a comeback too. Here We Go Again is a behind-the-scenes look at Betty’s career from her start on radio to her first show, Hollywood on Television, to several iterations of The Betty White Show and much, much more. Packed with wonderful anecdotes about famous personalities and friendships, stories of Betty’s off-screen life, and the comedienne’s trademark humor, this deliciously entertaining book will give readers an entree into Betty’s fascinating life, confirming yet again why we can’t get enough of this funny lady.


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Easy French Storybook: Goldilocks and the Three Bears(Book + Audio CD): Boucle D'or et les Trois Ours (McGraw-Hill's Easy French Storybook)

education in French

Jump start your kids’ education in French

Award-winning language-learning innovator Ana Lomba transforms “Goldilocks and the Three Bears” into a way to introduce kids ages two to seven to French. It includes vivid illustrations, a mini “pictionary,” and frequent dialogs that model everyday communication. Accompanying the book is a 45-minute audio CD that features a lively reading of the story, in French and English, helpful pronunciation basics, and fun games and activities.


A bilingual storybook that fits kids' language-learning needs "just right"

Now story time is an opportunity to teach French to children aged 2 to 7--and you don't even have to know the language yourself! It's simple with McGraw-Hill's Easy French Storybook: Goldilocks and the Three Bears.

This book presents the classic fairy tale side-by-side in French and English. The story of Goldilocks and her follies is vibrantly illustrated, allowing children to connect the meanings of words to pictures, reinforcing their comprehension of French vocabulary.

Don't worry about pronunciation--the accompanying CD does that for you! It presents an engaging reading of Goldilocks and the Three Bears in both English and French that will entertain kids while they hear correct French pronunciation. You can read along with the narration or learn along with your kids!

The audio program also includes:

  • A mini picture dictionary with key vocabulary words that can be used as an introduction to the French text or as a review after "The End"
  • Everyday phrases integrated into the story
  • Helpful pronunciation basics

Teaching children French has never been so enjoyable for kids--or so easy for you!


Click here to buy from Amazon




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