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1. Unit 3 Study Guide on your desk. “Believer” The Monkees

Hi. 1. Unit 3 Study Guide on your desk. “Believer” The Monkees. Learning Goal 1. I will be able to: List and explain at least four problems the US faced after WWI and the solution(s) proposed for each. Define trickle down economics and summarize how it works

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1. Unit 3 Study Guide on your desk. “Believer” The Monkees

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  1. Hi • 1. Unit 3 Study Guide on your desk. • “Believer” • The Monkees

  2. Learning Goal 1 • I will be able to: • List and explain at least four problems the US faced after WWI and the solution(s) proposed for each. • Define trickle down economics and summarize how it works • List and define three factors that could keep it from working.

  3. What is Trickle Down Economics? • Theory that tax cuts for the wealthy will “trickle down” and benefit everyone. Are you a believer? Skeptic? • 2-3 sentences

  4. CEOTax Break = Extra $1,000 in their paycheck, 2 paychecks/month = $24,000

  5. SMALL BUSINESS OWNER

  6. UNEMPLOYED CARPENTER

  7. SMALL BUSINESS OWNER

  8. UNEMPLOYED PLUMBER

  9. UNEMPLOYED SALESMAN

  10. UNEMPLOYED ACCOUNTANT

  11. UNEMPLOYED POWERLIFTER

  12. UNEMPLOYED POWERLIFTER

  13. SMALL BUSINESS OWNER

  14. HIGH SCHOOL KID

  15. HIGH SCHOOL KID

  16. Now… • Page 64 • Summarize what you saw in class today. 3 or 4 sentences. • How can trickle down economics theoretically help everyone? 3-4 sentences. • What might keep it from working? DO NOT WRITE SENTENCES! Instead, make a list of at least three things that might keep this theory from playing out. What choices might the rich make? • Page 65

  17. 49 46 42 46 46 50 49 29 42 45 43 41 44 31 26 33 39 43 41 38 34 50 42 46 44 48

  18. When adding the test scores, total came to 1050 total points 1050 / 24 (number of students who took the test) = 43.75 1050 / 25 (number of kids in the class) = 42 A: 8B: 5C: 4D: 4F: 31 did not take test 46 41 49 47 26 43 44 39 48 45 50 41 50 46 44 46 46 41 42 38 29 49 46 45 38 36

  19. 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 42 B: 25 

  20. 5: 1131 / 28 = 40.4 • 7: 911 / 24 = 37.96 • 9: 915 / 24 = 38.125

  21. Please read the outline on page 67 (see if you can fill in the couple blank spaces with the info you’ve already learned in this course!) and then read the Guided Reading on the next page and answer the question in the box to the right.

  22. Hi • 1. Handout on your way in. Please remove the page with last night’s HW on it and turn it in up front. DON’T FORGET TO PUT YOUR NAME ON IT! • 2. Outline on page 67. • 3. Guided Reading on the following page with one question to answer. • 4. Notes page when you’re finished. • Presentations tomorrow! • 5: Parks, Malik, DiPasquale, Sartori • 7: Martin, Klinefelter, Phelps, Scheidler • 9: Sabatos, Bruzinski, Dadey, Kowalski • “Safe and Sound” • Capital Cities

  23. Learning Goal 1 • I will be able to: • List and explain at least four problems the US faced after WWI and the solution(s) proposed for each. • Define trickle down economics and summarize how it works • List and define three factors that could keep it from working.

  24. Presidential “Misspeaks”

  25. Presidential “Misspeaks”

  26. Problems Warren Harding Trickle Down Economics • Factories hurt b/c production slowed after WWI (1) -TDE • No need to produce weapons, no jobs for servicemen • 4 million people on strike for better pay/conditions, didn’t during WWI b/c of patriotism, strikes blamed on Communism tries to forcefully take $ from rich to give to poor(2) - TDE • Prices up • People conserved during WWI, then spent more money (demand up, price up) (3) - TDE • Corruption (4) - JAIL • Teapot Dome Scandal = Albert Fall first cabinet official to go to jail for crimes committed, bribery for gov’t oil reserves • Spoils System = giving government jobs based on friendship/loyalty • Elected in 1920, promised “return to normalcy” after turbulent Progressive Era and WWI, wanted to reduce gov’t involvement in the economy; saw it as a problem, people worried about so much change in so little time • Theory that tax cuts for the wealthy will “trickle down” and benefit everyone

  27. Now • 1. We’ll work together on the first 2/3 of the handout you picked up on your way in. Make sure your name is on it because I’m collecting it at the end of the period. • 2. Page 66. Cross out the first question. • 3. Need to Know List on page 78. • For numbers 5 and 6, change the “3” to a “4.”

  28. In 1-2 sentences, summarize unemployment from the end of WWI to the beginning of trickle down economics in 1922.________________________________________________________________________________________________________________________________________________________________________________________________________

  29. Why was “Safe and Sound” the song of the day? 2-3 sentences What is the Economic Term for this? (Prices rising b/c of high demand and/or the printing of more money)________________________ ________________________________________________________________________________________________________________________________________________________________

  30. Why was Oil so profitable in the 1920s that it helped create one of the biggest government scandals in American history?

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