Classwork 1 Snake Article Classwork 2 Review Sheet

Classwork #1 – Snake Article Classwork #2 – Review Sheet Turn in to the tray at the end of class

Day 1 – Economic Systems (7. E. 1. 3) Command (communism) - Lots of Gov’t involvement - Gov’t makes all decisions - Gov’t owns property - No Profits (Gov’t helps people) - No Competition - Ex. North Korea, Cuba (rare) Free (capitalism) - Little Gov’t involvement - Individuals Choose - Private property - Profit Driven (make $) - Competition - Ex. Australia Mixed Traditional -based on survival -eskimos -zombie apocalypse - Gov’t involvement (free < mixed < command) - Individuals & biz make choices - private sector (make money) - Gov’t makes choices - public sector (help people) - Ex. USA (most common economy)

7. E. 1. 1 • The student will know: o Colonialism o Imperialism o Globalization o Interdependence • How do the terms connect to Economics?

Connecting Terms to economics Day 2 • Imperialism – The IDEA …of a stronger nation takes control of a weaker nation • Different forms: – Total Gov’t control – Partial Gov’t Control – Just taking resources/goods – Private business in control • Colonialism – Actually doing it! Colony Protectorate Sphere of Influence Economic Imperialism

Connecting Terms to economics • Free Market/Capitalism – Gov’t is NOT involved • Pay workers little • Unfair and unsafe work – Imperialist Rulers get rich – It’s legal • Capitalism and Imperialism = BFFs Command (communism) Free (capitalism)

Connecting Terms to economics Capitalism – Work Hard = Rich – MAKE MONEY!!! Why are Europe, America, & Japan Imperialists? • MAKE MONEY • Capitalism Imperialism (idea) Colonialism

• In the current world - Imperialism is over • Globalization – All nations are connected – We buy and sell to each other • Interdependence – Nations rely on each other – No Nation can survive on its own • Oil, Coal, Water, Coltan • Labor • Markets to sell goods