TOPIC TWO: In the class we will work on constructing a timeline for the financial crisis. Here we will focus on the Housing Crisis. Here students have the opportunity to identify and describe the events or signposts that they believe belong in the timeline. Here is how to do it:
- Identify an event or decision that you believe is crucial to understanding the historical progression of the housing crisis. (Let’s focus on the period roughly between 2005-2008, but if you feel some event or decision before this period is crucial, you may include it.) And here let’s keep focused on the housing crisis; we will move on to events, decisions and policies of the financial crisis in the coming weeks.
- Describe that event or decision.
- If you can, include a link to a video or article that explains the event or decision. (This is not required, but our final timeline will be much more engaging with this content: posting good links will further improve your ‘engagement’ grade.)
Here is a resource that may prove useful: http://en.wikipedia.org/wiki/Timeline_of_the_United_States_housing_bubble (Remember this is Wikipedia, a public encyclopedia where anyone can post. Verify information. There are many useful references in this timeline.)
HERE ARE MORE SUGGESTIONS ABOUT WHERE TO START:
When did housing prices peak? When did the prices start to fall?
When did housing starts begin to fall?
What were some of the main causes to this inflation of housing prices? Besides the signposts in the data can you identify any crucial events or decisions that were key reasons why housing prices behaved the way they did? If you feel you must go back before 2005, please do.
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