Suppose $z \in \mathbb{C}$. How can we construct $\frac{1}{z}$ with tools without calculating? My teacher suggested something with a parallel line, but I couldn't figure it out.
A unit distance is not given!

Suppose $z \in \mathbb{C}$. How can we construct $\frac{1}{z}$ with tools without calculating? My teacher suggested something with a parallel line, but I couldn't figure it out.
A unit distance is not given!

On
My first thought is to use Möbius transformations, which are "constructed" out of rotations, translations, and inversions.
On
We assume that in addition to the point $z$, we also are given the real axis, and a unit distance. So we can draw the unit circle.
If $z\ne 0$, then $\dfrac{1}{z}$ has norm the reciprocal of the norm of $z$. Its argument is the negative of the argument of $z$. So if we find the number $w$ on the ray through the origin and $z$ such that $w$ has norm the reciprocal of the norm of $z$, and reflect in the real axis, we will have constructed $\dfrac{1}{z}$. Reflection is easy using the Euclidean tools. (Thanks to Phira for pointing out an earlier error.)
This brings us to a classical problem of Euclidean geometry: Given a length $a\gt 0$, draw a line segment of length $\dfrac{1}{a}$.
Draw a pair of axes, which for convenience we call the $u$ and $v$ axes, meeting at some point $O$. (The axes do not need to be perpendicular.)
On the $u$-axis, draw a point $A$ such that $OA=a$, and a point $U$ such that $OU=1$. On the $v$-axis, draw a point $V$ such that $OV=1$. Join $AV$. Through $U$, draw a line parallel to $AV$. Suppose that this line meets the $v$-axis at $B$.
Because $\triangle OAV$ and $\triangle OUB$ are similar, we have $\dfrac{OB}{OU}=\dfrac{OV}{OA}$, and therefore $OB=\dfrac{1}{OA}=\dfrac{1}{a}$.
All the constructions described above can be done with compass and straightedge.
On
If you prefer a solution with inversion:
For a point $z$ outside the unit circle, intersect the circle with diameter $0z$ with the unit cercle. Intersect the line of the two intersection points with the line $0z$. The intersection point gives $1/\bar z$. Now, reflect with respect to the horizontal axis to find $1/z$.
You can check that this works, because you have lots of similar (rectangular) triangles.
For a point inside, draw the line $0z$, draw the line through $z$ orthogonal to it, intersect it with the unit circle to get the points $A$ and $B$. Draw the line through $A$ that is orthogonal to the radius $0A$, intersect it with $0z$ to get $1/\bar z$. Reflect it with respect to the horizontal axis to find $1/z$.
Draw the reflection of the ray through 0 and $z$ with respect to the horizontal axis. Use the compass to find the point $A$ of absolute value $|z|$ on the axis and the point $B$ of absolute value 1 on the new ray.
Intersect the parallel line to $AB$ with the new ray to get $P=1/z$.
This works because the angle of $P$ is clearly the negative of the angle of $z$ and by similar triangles the absolute value of $P$ is $|1/z|$.