People use the gold standard to describe the highest quality possible, but in reality, measuring wealth by the gold standard isn't very effective. Discover the ways the Federal Reserve ensures that prices remain stable with a video that details the importance of standards of measurement in currency.

Concepts

banking, the federal reserve system, standard units of measurement, currency, united states currency, purchasing, economics, the united states economy, the economy

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Additional Tags

social studies

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Instructional Ideas

• Connect the video to a science or math lesson about standards of measurement
• Encourage learners to research the history of the gold standard

Classroom Considerations

• Featured by the Federal Reserve Bank of Atlanta, but applicable to any city's lesson on the Fed
• The fourth video in a series of nine about the Federal Reserve

• This video is hosted on YouTube

Pros

• Includes a full transcript of the video
• Video is short, making a versatile addition to instruction

Cons

• None

Common Core

RH.9-10.1 RH.9-10.3 RH.9-10.9 RH.11-12.1 RH.11-12.3 RH.11-12.9