Wilbraham & Monson Academy, a boarding school in Massachusetts, [and alma mater of Dick Fuld] will officially unveil a classroom that simulates a stock-market trading floor. "Students can use state-of-the-art financial-markets software to learn to research, analyze, and decipher patterns in the context of a financial trading environment," the school said. "Class discussions will complement the analysis, focusing on issues such as business ethics, economic development, and the interconnected global financial system."
A lack of financial literacy played a large part in creating the problems that drove the U.S. economy into the recession. "In light of the problems that have arisen in the subprime mortgage market, we are reminded of how critically important it is for individuals to become financially literate at an early age so that they are better prepared to make decisions and navigate an increasingly complex financial marketplace," Federal Reserve Chairman Ben Bernanke said in a speech last year.