Most world history books feature the successes of the Roman Empire during the first and second centuries. During the third and fourth centuries, they turn to the events leading up to the empire's collapse. Explanations of the Roman Empire's decline and fall often cite external military threats, governmental failure and instability,…

This article represents the third in a "ghost story" series by the same authors. Readers may recall that Mr. Bernanke was "visited" by the ghosts of Adam Smith and John Maynard Keynes in the March/April 2010 issue of "Social Education" as these two famous economists debated the economic recovery (see EJ878912). Mr.…

The recent financial crisis brought about dramatic changes in the way that the Federal Reserve, the nation's central bank, conducts monetary policy. One challenge for high school educators going forward will be to strike a balance between the teaching of traditional monetary policy and the teaching of the monetary policy used during these…

The author's students regularly ask him, "Why can't the government just print more money?" Typically they are seeking a simple solution to a complex problem like the national debt, or they just want the government to make people all rich the easy way, by handing them wads of cash. His best answer used to be, "They just can't," but the…

Economists and historians have struggled for almost 80 years to account for the American Great Depression, which began in 1929 and lasted until the early years of World War II. In this article, the authors discuss three major schools of thought on the causes of the Great Depression and the long failure of the American economy to return to full…

Chairmen of six American corporations respond to questions on energy conservation and development. Corporations are American Telephone and Telegraph, IBM, United States Steel, Exxon, General Motors, and du Pont de Nemours. Recommendations include creation of a national energy policy, reduction of wasteful uses of energy, and increased efforts in…

Discusses causes of inflation in terms of excess demand and spending by government, business, and the consumer, and "cost pushing" or increasing wages without regard for productivity. Surveys methods for reducing inflation including price and wage control, demand control, increased productivity and competition, income support, and indexing. (KC)