A key turning point in a nation's economic development is when it starts to use its resources for long term versus short term purposes. A natural resource example is trees: should people use wood for cooking food or building homes? Simpler societies tend to use wood predominantly as a fuel source (an output), whereas more advanced economies use wood principally as a capital good (an input) with which to build durable social infrastructure, e.g., houses, furniture, books, boats, signs, etc. The same principle applies to all types of a nation's resources (natural, human, educational, scientific, technological, financial, political, et al.) - sustainable economic growth depends on implementing a long term vision of resources as inputs for producing outputs as efficiently as possible.
Margaret Mee (1909-1988) was a botanical artist who often traveled up the Amazon River alone in search of rare flowers to collect and paint. Even at the age of 79, she planned to return to the Amazon for another excursion. On Thanksgiving Day in 1988, Ms. Mee was interviewed on the MacNeil-Lehrer NewsHour; she fascinated the television audience with her accounts of her travels. Tragically, she was killed in an auto accident less than a week later. Even after her death, however, she is still having a profound impact on the preservation of rare flowers in the rainforests. In this lesson, you will learn how Mee's activities are helping markets save the rare moonflower.
Learn about the status of farming as a career, investigate the management of a family farm, and examine one recent farm crisis in this lesson. You'll need the Adobe Acrobat Reader to view some of the materials for this article.
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This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
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Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
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With lessons combining economics and world history, students discover how people and nations developed as a result of making decisions based on maximizing local resources.
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