Monday, Dec. 1 Objective: We will analyze the development and long- term effects of business, farm, and labor organizations on the United States economy.

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Presentation transcript:

Monday, Dec. 1 Objective: We will analyze the development and long- term effects of business, farm, and labor organizations on the United States economy. Agenda: New Teams Unit 4 Intro: The Roaring 20s What did you learn in school

New Teams Orange Desk: Clean Up Pink Desk: Gather Materials Yellow Desk: Recorder Green Desk: Gather handouts Maryland Terps -NC Tarheels Virginia Tech Hokies -NC State Wolfpack Virginia Cavaliers -GT Yellow Jackets Duke Blue Devils -Wake Forrest Deacons Florida St. Seminoles -Miami Hurricanes Ohio St. Buckeyes - Michigan Wolverines Iowa Hawkeyes - Notre Dame Irish Purdue Boilmakers - Minnesota Gophers Wisconsin Badgers -Michigan St. Spartans Northwestern Wildcats -Indiana Hoosiers Nebraska Cornhuskers -Penn St. Nitney Lions Florida Gators - Alabama Crimson Tide Vanderbilt Commodores - LSU Tigers Georgia Bulldogs - Ole Miss Rebels

How would you interpret this political cartoon? This is a summary of how the US business industry was driven.

Think About This… 1.Does competition make business better or worse? 2.Do you think government would encourage competition? Why/why not? 3.Why does the Government want citizens to constantly spend money? 1.Does competition make business better or worse? 2.Do you think government would encourage competition? Why/why not? 3.Why does the Government want citizens to constantly spend money?

Econ 101 Market Economy: a capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand.

What did you learn in school today? 1.What type of economy does the U.S. use in it’s regulation of business? 2.What drives the prices in this kind of economy?