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GLOBAL ECONOMICS: FREE TRADE

GLOBAL ECONOMICS: FREE TRADE. Global Economics: Free Trade. MS Social Studies Framework. CCR/CCSS.

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GLOBAL ECONOMICS: FREE TRADE

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  1. GLOBAL ECONOMICS: FREE TRADE

  2. Global Economics: Free Trade MS Social Studies Framework CCR/CCSS CCSS.ELA-LITERACY.RH.11-12.2Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and idea • 3.e-DOK 3 Explain/analyze U.S. role in international organizations in 20th century. • 5.b-DOK 3 Explain conditions that led to the rise of organized labor. • 6.c-DOK 3 Critique government’s use of tariffs and trade agreements.

  3. WHY IT MATTERS With the end of the Cold War, the United States was sole superpower in dramatically changing world. No longer defined by its opposition to communism, the United States had to carve out a new roles for itself in a world of globalization and increasing regional conflict. President Clinton, the nation’s first baby-boomer President, ushered in this new period of American soul-searching .

  4. Focus Question What role did the United States take on in global economics following the cold war?

  5. What is free trade?

  6. Free trade is a system of trade between nations in which there are no special taxes placed on imports.

  7. President George H W Bush originally proposed NAFTA in 1992. It did not get the 2/3 voted needed in the Senate. NAFTA was America response to the EU. The European Union (EU) was established coordinate monetary and economic policies. President Clinton signed the NAFTA Implementation Act in 1993.

  8. America Joins NAFTA Supporters maintained that creating a free trade zone in North America would promote economic growth, reduce prices , increase exports, and encourage economic investment. The North American Free Trade Agreement (NAFTA) took affect January 1, 1994. The agreement was among the United States, Canada, and Mexico Most labor leaders, environmentalists, and liberal Democrats agued that NAFTA would force American manufacturers to Mexico, where wages were lower and environmental controls were less rigid. NAFTA was a gradual removal of trade restrictions that would stimulate economic growth of North America.

  9. This political cartoon appeared as part of an intense national debate about the United States joining NAFTA.1. What is the cartoonist’s opinion about joining NAFTA?2. Based on the cartoon, how would joining NAFTA affect the United States? Analyzing Political Cartoons

  10. Expanding Global Trade Clinton signed a revision of the General Agreement on Tariffs and Trade (GATT) in 1994 and the accords of the World Trade Organization (WTO) in 1995. The WTO replaced GATT, expanding the organization’s authority to negotiate trade agreements, settle disputes, and enforce compliance with them. Clinton also continued U.S. support of the World Bank.

  11. Critiques complain that the WTO and World Bank favor business interests over environmental concerns and worker’s rights. Supporters agree that economic globalization exposes people to new ideas, technology, and communication. Nations involved in free trade often become more democratic.

  12. Free Trade

  13. Critical Thinking Directions: Scan this qr codeand add to the discussion forum.

  14. SATP2 Directions: The correct answer to the question below is high lighted in green. Explain why the statement is correct.

  15. NAFTA: 20 Years Later After NAFTA

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