Consumer Price Index, Inflation, and the Standard of Living in the early 1900's
Southern Methodist University professor Alexis McCrossen on the Consumer Price Index, inflation, and the standard of living in the early 1900's.
Description
Southern Methodist University professor Alexis McCrossen on the Consumer Price Index, inflation, and the standard of living in the early 1900's.
Bell Ringer Assignment
- As described by Ms. McCrossen, what is the Consumer Price Index (CPI)? What is a market basket and how does CPI measure the cost of living?
- What happened to the price of the Model T Ford from its introduction in 1908 through 1930? According to Ms. McCrossen, what accounted for the price change?
- According to Ms. McCrossen, what is the difference between the cost of living and the standard of living?
Additional Resources
Participants
Vocabulary
- Consumer Price Index
- Cost Of Living
- Inflation
- Market Basket
- Recession