This book succeeds in making complicated, abstract economic theories, practices, and processes not only accessible and comprehensible, but also highly relevant to young readers' lives. It also comes at a crucial moment in American history, as the nation enters a period of likely severe and prolonged recession. Your readers will learn exactly what recession is, how to cope with it, and how it can be controlled or moderated. This excellent information will give your young reader tools to understand what is happening to family finances. It will also reduce the anxiety felt about the nation's economic situation because knowledge and understanding are empowering, as are the coping strategies discussed. Includes lots of dramatic examples of historical recessionary periods and grave consequences. Also features interesting sidebars such as Myths and Facts about Recession and Ten Great Questions to Ask a Financial Adviser.
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Gr 7-9-These titles use both historical and current events to demystify two relatively abstract ideas. Detailed explanations of economic indicators, business cycles, inflation, GDP, and the role the federal government plays in helping to control the economy are included, as are many other relevant concepts. The difference between a recession and a depression is made clear in both books, and real-world examples of all types are used. While the writing is fairly dry, it delivers clear and concise explanations that most students will be able to comprehend. Captioned color photos appear throughout. Included in the back matter are excellent lists for further reading and many governmental and/or oversight organizations.-Jody Kopple, Shady Hill School, Cambridge, MA Copyright 2009 Reed Business Information.
From: Reed Elsevier Inc.
Copyright Reed Business Information
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Introduction |
p. 4 |
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Chapter 1 What a Recession Is and Isn't |
p. 8 |
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Chapter 2 The Causes of a Recession |
p. 20 |
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Chapter 3 Predicting and Identifying a Recession |
p. 31 |
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Chapter 4 Real World Recessions |
p. 41 |
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Chapter 5 Dealing with the Effects of a Recession |
p. 57 |
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Glossary |
p. 70 |
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For More Information |
p. 72 |
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For Further Reading |
p. 75 |
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Bibliography |
p. 76 |
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Index |
p. 78 |
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