Federal Reserve Bank of St. Louis: Saving the Strawberry Farm

In this lesson, students learn that saving is essential to economic well-being, especially in times of extreme economic downturn. They read “Saving Strawberry Farm,” a story about a Depression-era family attempting to save a neighbor’s farm by waging a penny auction. Students hear about the lack of goods and services available and the high rate of joblessness during this terrible time. They simulate a bank run to see how even those with savings were affected. Finally, they learn that savings are safe in banks today.

 

Saving the Strawberry Farm PDF