Discussion 1: 1 page

Week 1 Discussions

“Money and the Financial System” Please respond to the following:

4 short but fascinating videos on President Andrew Jackson, as well as various U.S. founding fathers, on fearing the actions and corruptions of big bankers!!! Sound familiar to today!!

1 President Andrew Jackson and Big Banks–sounds like today!!!) –(from History Channel)- http://www.youtube.com/watch?v=Knf8KA5aAjw&feature=related

2 (Also Thomas Jefferson) — http://www.youtube.com/watch?v=3cnItVN1Gk0 and

3 http://www.youtube.com/watch?v=H7yjfI19b7s

4 ( from HBO film mini series on President John Adams– (Watch at the dinner table–George Washington, Thomas Jefferson- who had just returned from Paris, Alexander Hamilton, our first Secretary of the Treasury, and John Adams) http://www.youtube.com/watch?v=UrxKOO0nKwc

“Quantitative Easing”

cartoon video 5 million hits on You Tube This You Tube Cartoon video has had over 5 million hits!!!! Fortune magazine even had an entire article on it–where they discussed people were learning economics by cartoon. Quantitative Easing (“printing money” of Treasury/Fed)http://www.youtube.com/watch?v=PTUY16CkS-k

Printing Money http://www.youtube.com/watch?v=JKYHeXxsg6g and http://www.youtube.com/watch?v=BLrpg8Bya24

Discussion 2: 1pg

“Money, Banking, and the Financial System” Please respond to the following:

Hyperinflation –

Hyoerinflation in Germany 1923 http://www.youtube.com/watch?v=WI1i5yhwOz8

Inflation in Argentina http://www.youtube.com/watch?v=WGqcSTtS26k

My USA TODAY article on banking crisis– check out date–sounds like today though–same old, same old!!! CastorinaUSA_TODAY_FDIC[1]Rev.doc (right click and open in new window)

Preview of the answer..

Hyperinflation in Germany dates back from Mid-1922 to late 1923 when Reichsbank officials seemingly believed that the depreciation in foreign currencies was the necessary trouble. The government began to print and issue out a flood of new money in an attempt to purchase the mark in the foreign markets. The effort led to buying valueless marks merely in exchange for valuable gold and foreign exchange. This resulted in inflation, which progressively gained momentum and ushered in the urgency..

ApA 450 words