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

2. Day 1 – Economic Systems (7.E.1.3)
Command (communism)
Free (capitalism)
- 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)
- Little Gov’t involvement
- Individuals Choose
- Private property
- Profit Driven (make $)
- Competition
- Ex. Australia
Mixed
- 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)
Traditional
-based on survival
-eskimos
-zombie apocalypse

3. 7.E.1.1 
The student will know: 
                       o Colonialism                         o Imperialism                         o Globalization                         o Interdependence
How do the terms connect to Economics?

4. 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

5. 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)

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

7. 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