How a Depression Works

How a Depression Works

by Jason Porterfield
     
 

Editorial Reviews

VOYA - Rachel Wadham
This series offers comprehensive yet simple introductions into fundamental concepts of economics. How a Depression Works offers insight into the complex forces that lead to depressions. The main focus is on the Great Depression of the 1920s and 1930s, but parallels are drawn to the economic crisis of 2009, bringing the issues into a modern context. How Globalization Works discusses the forces and relationships that create our modern global economy. This volume shows how one nation affects another and how this interdependence has an influence on participants in building economic stability. The most outstanding quality of this series is that each volume is able to reduce quite complex topics into easily understandable terms, without making the text feel overly didactic or condescending. Each author deftly uses analogies and pertinent stories to accomplish this approachable style and tone. One problem with the text is that the authors tend to repeat themselves, and although it can positively reinforce points already made, here it most often serves as a distraction. In addition to the main text, each volume incorporates several pertinent and interesting sidebar commentaries. Also included are many full-color photographs, but although these illustrations are related to the text, they are not entirely connected to it, making them function mostly as isolated space holders. Overall this series is an up-to-date, authoritative, and approachable look at very important issues. Reviewer: Rachel Wadham
School Library Journal
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

Product Details

ISBN-13:
9781435853225
Publisher:
Rosen Publishing Group, Incorporated, The
Publication date:
09/01/2009
Series:
Real World Economics Series
Pages:
80
Product dimensions:
6.70(w) x 9.20(h) x 0.40(d)
Age Range:
12 - 17 Years

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