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How an Economy Grows and Why it Crashes summer project

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How an Economy Grows and Why it Crashes summer project
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  • Title Page:
  • How An Economy Grows And Why It Crashes Summer ProjectBy Zachary Stiskin1st Period
  • Chapter 1 : An Idea Is Born
  • We have been less productive and can only catch 1 fish per day only using our bare hands!!
  • I created Capital by Building this net, and I now can catch 2 fish per day.
  • Chapter 2: Sharing the Wealth
  • Since I am now catching 2 fish per day. I can consume 1, and save the other for a later time.
  • We are still only catching and eating our 1 fish per day.
  • Chapter 3: The Many Uses of Credit
  • I have now loaned Charles and Baker some of the fish that I have saved
  • We will pay him back with interest through our credit
  • Chapter 4: Economic Expansion
  • We are going to work together jointly to build a new, bigger fish trap so we can expand our production and catch more fish than ever!!
  • Chapter 5: Prosperity Loves Company
  • I am a chef, I cook the fish. I let the fisherman catch the fish that I cook.
  • I specialize in surfing and selling surfboards because I am better at surfing and selling surfboards than fishing.
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