Teacher's Notes

Theme:
Recessions, such as the Panic of 1837, result from various causes.

Sub-theme:
An important cause of this panic was speculation in land.

Concepts:

• Specie Circular
• land speculation
• inflation
• recessions and panics
• money supply

Performance objectives -- this lesson focuses on developing skills at:

• Comparing opposing points of view on land speculation
• Analyzing a chart dealing with price rises and money in circulation
• Researching a specific business crisis in our history

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