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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: Economy & Politics???. What are the 2 major political parties in the United States? How do you think economics and politics are related???

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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: 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?

  3. 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???

  4. 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”

  5. 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

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

  7. 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.

  8. +/- Chronology of Past PresidentsTitle: American Economy Since WWI In order, starting with Coolidge, determine if the economy was good or bad based on the info in your course notes. Provide a brief explanation on your timeline. + ________________________________ -

  9. 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? • How many terms did a President typically serve when: a.)the economy was good b.)the economy was bad

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