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The American Economy Since WWI

The American Economy Since WWI. Objective: Students will investigate the relationship between politics and economics. Warm-up: The Flow Map. Create a flow map of your own life, starting with Kindergarten up to the present. Warm-up: Economy & Politics???.

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The American Economy Since WWI

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  1. The American Economy Since WWI Objective: Students will investigate the relationship between politics and economics.

  2. Warm-up: The Flow Map • Create a flow map of your own life, starting with Kindergarten up to the present.

  3. Warm-up: Economy & Politics??? • What are the 2 major political parties in the United States? • How do you think economics and politics are related??? • What role does economic stability play in the popularity of a given political party?

  4. 1776-What’s the Big Deal??? • Extra-Credit: Raise your hand if you know what happened on this year that is so important and relevant to this class???

  5. Adam Smith:The Wealth Of Nations • Published this in 1776 • Revolutionized the way nations thought about the economy • Known as the “father of classical economics”

  6. His Beliefs: • Believed individuals are innately selfish-want the best for themselves, their family, and friends • There’s an invisible hand (PROFIT) that will drive individuals to work hard • The govt. doesn’t need to intervene and tell people what to do • Laissez-faire policy!!! • From 1776-1932, the U.S. pursued classical economics

  7. What Happened in the 1930s? Why did the policy of “no govt. intervention” stop suddenly in the 1930s?

  8. COOLIDGE-CLINTON Let’s examine past Presidents of the United States after WWI and look for patterns, trends, and changes that took place over time.

  9. +/- Chronology of Past PresidentsTitle: American Economy Since WWI • In order, starting with Coolidge, create a flow map for the presidents since WWI. • Paste their picture inside the box with their name, year of service and party. • Determine if the economy was good or bad during his tenure and put a + sign above or a – sign below to demonstrate this. • Write 3 Reasons to support your +/- choice below the box.

  10. Example George W. Bush Republican 2000-2008 • Took the U.S. from an economic surplus to an economic deficit. • Will have spent nearly $3 trillion on a war that has yet to be won, while we continue to battle poverty, failing schools, home mortgage crisis and rising gas prices. • He looks like a monkey!

  11. Making Connections!!! Answer Qs in complete sentences. • Who are the three economic presidents? • Why do you think they are considered to be economic presidents? • What did the economy look like under these 3 presidents? • During times of war, what happens to the economy? • What are the main differences between the Democrats & Republicans when it comes to economic policies? --Give one example for each party to support this from your flow map -- Predict what do you think will be the outcome in this years presidential election based on this information?

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