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Friday, May 1, 2009

Chrysler Bankruptcy and the Economy

Leading off on today's episode of CNN Student News is a segment about Chrysler's bankruptcy filing. The story traces the path the led to Chrysler having to file for bankruptcy. The video is embedded below.


Applications for Education
The story of Chrysler's bankruptcy presents the opportunity to discuss a variety of economic concepts with your students. You could also discuss with students the economic impacts that a two month Chrysler shut-down will have on Chrysler employees and the areas surrounding Chrysler factories.

While the CNN video mentions bankruptcy it does define what bankruptcy is or how it works in the United States. For a good, student-friendly explanation of bankruptcy visit this page on How Stuff Works.

Here are some related resources that may be of interest to you:
The Crisis of Credit Visualized
The History of Credit Cards in the United States
Links You Might Have Missed - Economics Lessons