Wealth Destruction 2

Curated and Reviewed by Lesson Planet

Continuing from the past video on wealth bubbles, Sal begins by recapping what scholars saw in the first segment. He then goes into more depth on bank-owned homes, short sales, foreclosures, and wealth destruction. Scholars begin to understand where the money actually goes (misallocation of wealth), and get some of Sal's opinions on the government's denial of wealth destruction, what he references as "legislating against reality."

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Additional Tags

housing bubble, wealth bubble, short sale, bank auction, misallocation of wealth, credit freeze, banking crisis, social studies

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Resource Details

Grade

11th - Higher Ed

Subjects

Social Studies & History

1 more...

Resource Type

Instructional Videos