IN THIS ISSUE

Robert Wedge opens by focusing on the 20th century as a time during which economic forces became especially important in shaping world history. Next, three experienced teachers present lessons in which economic concepts and reasoning are integrated in the study of U.S. history.

Susie Gummere's elementary students look at the amazing ways in which Native Americans used the natural resources available to them to meet their needs and wants. Kathy Ratté's middle school lesson examines the Pilgrims' response to incentives arising from communal and private property ownership. Leah Tesney's lesson introduces high school students to economic concerns surrounding the "free silver" issue of the 1890s.

Econ-Exchange is a joint publication of the E. Angus Powell Endowment and the Federal Reserve Bank of Richmond. Each issue of Econ-Exchange features an essay on a unique aspect of economics followed by three practical lesson plans.

We hope you enjoy Econ-Exchange. We welcome your response; please send us your ideas and tell us about your economics lessons. Understanding how incentives work, the Powell Endowment may even pay for your contribution.