Civics Today Citizenship, Economics, & You

Chapter 24: Money and Banking

Web Activity Lesson Plans

In this chapter students read about money and the financial institutions that people use to manage their money. One of those institutions is the Federal Reserve System. The Fed was created in 1913 after a series of panics and bank failures. Today it oversees the amount of money in the economy, regulates the banking industry, and conducts monetary policy.

Lesson Description
Students will visit the Federal Reserve Bank of Kansas City's education site entitled Fed101. This site includes descriptions of Fed functions and responsibilities. After answering several questions, students will create an illustrated flow chart demonstrating the stages in the life of a check.

Instructional Objectives
  1. The learner will be able to identify the functions of the Fed.
  2. The learner will be able to explain monetary policy.
  3. The learner will be able to create a flow chart illustrating the life of a check.
Student Web Activity Answers
  1. In the aftermath of the Depression, the Glass-Steagall Act called for the separation of commercial and investment banking, the FDIC was created, and the gold standard came to an end.
  2. Answers will vary depending on the district selected by the student.
  3. The way the Fed influences money and credit conditions in the economy to promote the goals of high employment, sustainable growth and stable prices.
  4. The goals of monetary policy include the promotion of sustainable economic growth, full employment, stable growth, and a sustainable pattern of international payments.
  5. Students' flow charts may vary, but should reflect accurate information based on the Web site.
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