Type:

Diagram/Illustration/Map, Other, Manual

Description:

Jonathan Jarvis created a video that clearly and simply details how the credit crisis of 2008 came about, what mistakes were made, how it was all interconnected, and how everyone was affected. The video is very concise, while also being thorough and easy to understand.

Subjects:

  • Social Studies > General
  • Education > General

Education Levels:

  • Grade 6
  • Grade 7
  • Grade 8
  • Grade 9
  • Grade 10
  • Grade 11
  • Grade 12
  • Professional Education & Development
  • Higher Education
  • Graduate
  • Undergraduate-Upper Division
  • Undergraduate-Lower Division

Keywords:

Learning Objects Financial Crisis Economics All the Devils are Here: The Hidden History of the Financial Crisis

Language:

English

Access Privileges:

Members

License Deed:

Creative Commons Attribution 3.0

Collections:

None
Update Standards?

SOC.9-12.SS.912.E.1.14: Social Studies

Compare credit, savings, and investment services available to the consumer from financial institutions.

SOC.9-12.SS.912.E.1.15: Social Studies

Describe the risk and return profiles of various investment vehicles and the importance of diversification.

SOC.9-12.SS.912.E.2.9: Social Studies

Analyze how changes in federal spending and taxation affect budget deficits and surpluses and the national debt.
Curriki Rating
On a scale of 0 to 3
3
On a scale of 0 to 3

This resource was reviewed using the Curriki Review rubric and received an overall Curriki Review System rating of 3, as of 2011-07-31.

Component Ratings:

Technical Completeness: 3
Content Accuracy: 3
Appropriate Pedagogy: 2

Reviewer Comments:

A valuable resource for any teacher that is instructing students about the financial crisis. An easy to follow, simplified explanation that would help all students gain a better understanding of a very complex topic. In addition to showing the short video, it would benefit students to have a worksheet or graphic organizer to help them process the information presented in the video.
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Liz Raasch
May 19, 2011

Without this object, I don't think I would have been able to understand the book. Its a shame that I didn't look at your resources earlier because this would have clear many misconceptions I had. It is clear, concise, and straightforward--something that is mandatory when dealing with information that has traditionally been so confusing (at least for me). Economics is not a lot of people's strong suit, so this supplement is a great choice to augment your presentation. The visual aspect makes it an awesome tool as well. To get through this sort of material, it is necessary to use different ways to teach students. This is great tool that we all can use (even if we don't teach economics). Five stars from me!

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Steven Johnson
May 19, 2011

In a nutshell, I felt that this resource/object was absolutely incredible especially for me,
primarily because through the direct and sequential process in the explanation of this financial concept. I was able to connect the financial crisis puzzle pieces together much more effectively and efficiently as I was reading the book. I feel resources such as this hold positions as great supplementary teaching materials if broken down and implemented accurately based on the prior knowledge and academic demographics of the students within your prospective classes. Similarly, I think that this is a great type of resource to assist students in developing that background and/or foundation level of student knowledge when introducing new and potentially unfamiliar content in the classroom.

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Amy Erdman
May 19, 2011

I felt that this video was a great choice to supplement your presentation. Even after reading the book, conducting my own research, and looking through some articles written on the financial crisis, I don't think I would have understood the entire circumstance as well as I did after viewing this video. It went into the exact level of detail in order to give enough information and background without bogging the viewer down with too many terms and ideas. I am a very visual learner and completely understood what was happening prior to, during, and after the crisis because of this learning object. Videos such as this one also gave me a little hope for understanding/explaining difficult economic ideas should I have to do so in the classroom. So approachable and educational! If I had to choose one negative aspect, or suggestion for use with this learning object, it would be that if it were being used in the classroom, it may be beneficial to pause the video clip periodically to explain certain terms, write important terms on the board, or just to simply make sure the students are following along. Sometimes even a short 11 minute video may seem extensive in the classroom if students are not fully engaged.

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Stephanie Slota
May 19, 2011

The video does a stellar job of simplifying the financial crisis into terms that I, and my students, can understand. Showing the entire 11+ minute video all at once could prove tricky. Even though the ideas are really streamlined, it’s a lot to take in, and there should be some kind of processing tool used in the classroom setting, like a graphic organizer for students to follow along with. I would absolutely use this learning object in my classroom!

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Karla Wolff
May 19, 2011

This was extrememly useful and I wish I had looked at this when reading the book. This would be a great resource to use when teaching about the financial crisis. There were a few times that the information in the video went by fast or some concepts went right over my head (economics is a weak point for me), but being able to stop the video in a class would be useful to make sure that all the students would understand.After viewing it I would be able to teach about the credit crisis as it does help clarify what exactally went wrong. The length of the video is a bit long and around the 8 minute mark I started to zone off, however taking breaks to answer questions from the students and make sure that they understand what is happening would be helpful in the classroom.

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Jillian Kistler
May 18, 2011

Totally needed that simple explanation... I am still a little fuzzy on some parts but I no longer feel totally in the dark about the credit crisis! The simplicity of this presentation was great. This could easily be shown to a variety of age groups and ability levels of students and they would be able to navigate this crisis. The only area I would improve it is actually the length of the video. For me it was the perfect length. I feel that it may be a little long for student attention spans (unless this is a gifted or advanced placement class and if that is the case ignore this statement). Overall the clarity of this learning object is great and I may steal this to use in my future classroom!

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Elizabeth Washington
May 18, 2011

I must agree with Sara. This video helped me a lot - and I'm sure it would be great for 12th grade econ students too.

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Sara Thompson
May 18, 2011

I know you haven't presented this yet, but I just want to say that I was struggling in getting through the book (I am not very economics-saavy) so I came here to see if you posted any learning objects yet. This video was SO informative and broke down all the fancy words into meaningful pieces of information for me to put together. I loved the way Jarvis' video is animated to show cycles and flows -- it makes economics seem less daunting for sure! The only negative is that the length made it a little hard to stay focused on the video for someone who is just now learning about the credit crisis. I found myself pressing pause a few times in order to digest what concept was just explained. This is an awesome resource and clips could obviously be used when discussing a variety of topics (mortgages, federal reserve, investments) even though the video is specifically about the credit crisis.

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