So, Who Started the Recession Anyway?

Produced by: Ivan Holman

Wall Street says:

We just wanted to help those who really needed a loan.

But their actions say different!

It was easy to get money…

and everyone was happy

Money for college…

a new home.

All you had to do was sign a few papers with a friendly banker.

And the money was yours.

Where do I sign

In blood will be fine right here.

But then things changed

And that banker didn’t look so friendly anymore

Now everyone’s talking about the “R” word

Now we have to help the banks!?

they didn’t have much to say.

Funny. When I asked them for help…

The banks really showed me something!

But we did learn something from all of this.

AND

And the most important lesson from it all…

Group Activity

With a partner, decide upon the following:1. Who do you think holds more blame for the

financial crisis; the lenders or the people getting the loans? Explain your answer.

2. Is there anyone else who you think is responsible for this financial crisis? Why or why not?

3. What can, and should, the government do to prevent something like this from happening again?

References• Slide 1 - http://activerain.com/image_store/uploads/4/6/3/8/0/ar12090073508364.JPG• Slide 2 - http://revolutioninfiction.files.wordpress.com/2009/09/wall_street_bull1.jpg• Slide 3 -

http://www.risesmart.com/risesmart/blog/wp-content/uploads/2008/09/wallstreetbull.jpg• Slide 4 -

http://www.creditcardsjournal.com/wp-content/uploads/payday_loan_money-299x300.jpg• http://www.thefirstman.com/Endzone/loan.jpg• Slide 5 - http://blog.pandora.com/pandora/archives/images/CollegeLogos.png• http://www.californiateachersandemployeeshomeloanprograms.com/wp-content/uploads/2010/

01/flipping-homes-cash.jpg• Slide 6 - http://talkforfinance.com/wp-content/uploads/2009/04/how-to-get-a-business-loan.jpg• http://www.layoutlocator.com/graphics/dldimg/f3c6c7d15a50ca056eb3698a6a4067da_money41

082807033151.gif• Slide 7 -

http://www.sacbee.com/static/weblogs/real_estate/real-estate-investment-property-foreclosure.jpg

• Slide 8 - http://beingsven.files.wordpress.com/2007/08/greed.jpg• Slide 9 - http://theescapepod.files.wordpress.com/2008/07/recession.jpg• Slide 10 - http://fortheloveofblush.files.wordpress.com/2008/10/bailout.jpg• Slide 11 -

http://www.paydayloanaffiliate.com/images/new/im-financially-stable-is-a-payday-loan-ok.jpg• Slide 13 - http://www.cblsports.com/uploads/CreditCardLogos.jpg• http://www.moneyfinesse.com/wp-content/CutCreditCard02.jpg• http://icons.mysitemyway.com/wp-content/gallery/glowing-purple-neon-icons-alphanumeric/112

601-glowing-purple-neon-icon-alphanumeric-equal-sign.png• http://icons.mysitemyway.com/wp-content/gallery/simple-red-square-icons-alphanumeric/12812

9-simple-red-square-icon-alphanumeric-equal-sign.png• http://newballs.files.wordpress.com/2010/01/sad-face.jpg• http://physweb.bgu.ac.il/COURSES/PHYSICS1_BioTech/2009b/Admin/happy_face.jpg• Slide 14 - http://fredvidal.files.wordpress.com/2009/02/wall_street.jpg

ReflectionThis was my first year teaching business and economics, and quite often I

would find myself discussing the causes of the financial meltdown of 2008, and

the subsequent recession. One of my students gave me a movie by Michael

Moore, Capitalism: A Love Story. This was an excellent film that pretty much

summed up the financial crisis - as much as could be done in an hour and half

film. When I discuss this topic next school year, I hope that this PowerPoint

presentation will serve as an interesting introduction to this meltdown. Using

the images made this story much more fun to tell, and hopefully more

interesting to hear. Imagery can tell so much more than words alone, and

images also allow the audience to use their imagination within the context of

the presentation. I definitely would like to use this type of presentation in my

classes, but it's just a matter of finding the time. Perhaps I'll get better, and

more efficient with my time in making presentations like this, and then I can

incorporate this style even more into my lessons.