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Description
Readers will learn about recessions and how they are a part of the normal economic cycle: peak, recession, trough, and recovery. This narrative explores how inflation and the imbalance of supply and demand can cause an economic downturn. Through the twenty-first-century example of the Great Recession, students will learn what causes these periods of economic contraction, what leads to recovery, and how to avoid severe and prolonged periods of stagnancy,...
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Although the stock market has a major impact on the economy, many people do not fully understand it. Through this book, students will learn about stocks, the open market, and the dangers and benefits of investments. They will come to understand why individuals and businesses place their financial confidence in the market in hopes of further financial gains. Additionally, the dangers of taking these financial risks will be explored through the examples...
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What are economic depressions, and what causes them? Through this book, students will gain a general understanding of economic cycles and how depressions are not part of the normal ebb and flow. They will learn about what triggers these extreme economic downturns and how countries try to recover from them through the real-world example of the Great Depression. Readers will explore twenty-first century recessions in the United States, Greece, and Argentina,...
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This volume helps demonstrate the interconnectedness of international economies and cultures in the twenty-first century. Through discussions of economic, political, and cultural globalization, students will begin to understand the varied dimensions of global economies. This book presents twenty-first-century examples of globalization ranging from Apple's outsourced manufacturing to the ways in which countries that are a part of the United Nations...
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Inflation is a complicated concept. Under ideal circumstances, an inflation rate of 2 or 3 percent can be good for the economy, as it helps boost businesses' profits. Unchecked, however, inflation can lead not only to financial hardships for individuals but to widespread economic downturns. Students will learn how inflation is affected by supply and demand, how it existed long before paper currency, how it can be regulated, and how a lack of regulation...
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What are taxes and what are they used for? Through this book, students will gain a general understanding of the obligatory fees each person in a country is required to pay the government. The text explains the history of taxation as well as the different types of taxes and their effects. Additionally, students will learn how important taxation is to modern economies and how taxation levels can rise or fall depending on a nation's financial health....
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Although World War I started in summer 1914 after the assassination of Archduke Franz Ferdinand, the United States didn't enter the war until April 1917. Students will learn about the United States' initial decision to remain neutral, the cost of this decision, and the effects of the war both abroad and at home. They'll hear directly from the words of civilians, soldiers, politicians, and doctors involved in the conflict. Through this cross-section...
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Although British colonist William Bradford once called America "a hideous and desolate wilderness," that type of sentiment did not keep colonists and future Americans from pressing westward to discover new lands, new riches, and new perils. Students will learn about famous and lesser-known explorers who traversed the great expanse. Through a variety of primary-source documents, readers will learn how the expansion affected not only the establishment...
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The American colonists solidified their independence from England with the conclusion of the Revolutionary War in 1783. However, the new citizens of this new country called the United States of America still had to figure out their own way forward. Students will hear from Founding Fathers including John Adams, Thomas Jefferson, and Benjamin Franklin about how the government was formed. Students will also learn about how the United States handled international...
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While some students might know about the Battles of Lexington and Concord and the Declaration of Independence, this book will offer them the opportunity to engage with riveting primary-source material about the war that formed a nation. Letters, newspapers, speeches, legal documents, and diary entries paint a picture of the toll and cost of the American Revolution. Students will learn from the words of soldiers, doctors, wives, and politicians about...
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