In junior high school, amidst the courses in trigonometry and English and American history, I took a class called General Business. It harkened back to the days when President Calvin Coolidge famously observed: “The chief business of the American people is business.”
The class was taught by a friendly woman who ran her own business and was filled with enthusiasm for capitalism. She taught us about profits and losses, balancing a checkbook, and basic bookkeeping concepts. We learned about principal and interest, mortgages, and things to keep in mind when you were applying for a loan and trying to decide how much to borrow and how much to make as a down payment. We read about stocks and bonds and how they were different and talked about how businesses were run and why some succeeded and others failed. It opened our eyes to everyday things we’d never thought about — like what a cash register actually does and why you got a receipt when you bought something.
Through it all, the message of our cheerful teacher was consistent and packed a punch: you’ll need to understand this stuff in the real world. If you want to take control of your own future, get out on your own and be successful and independent, you have to this kind of practical knowledge of how the economy works and how you can participate in it. You don’t want to be a know-nothing who is easy prey for shysters and frauds. You don’t want to go bankrupt, either. Even the most uninspired student paid attention when the teacher was explaining how a car loan works, because we all wanted to buy a car some day.
I still think of that class whenever I write a check, because I write it just the way I was taught more than 40 years ago. The high concepts of trigonometry have been lost in the mists of time, but the basics of business are still there in my brain, accessed regularly. I’m glad they are there, and I wish I could meet that teacher and thank her for the years of useful guidance she provided.
Do schools still teach classes like General Business?