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Hi1. Unit 3 Study Guide on your desk.

BelieverThe Monkees

Learning Goal 1I will be able to:List and explain at least four problems the US faced after WWI and the solution(s) proposed for each.Define trickle down economics and summarize how it worksList and define three factors that could keep it from working.

What is Trickle Down Economics?Theory that tax cuts for the wealthy will trickle down and benefit everyone.Are you a believer? Skeptic?2-3 sentencesCEOTax Break = Extra $1,000 in their paycheck, 2 paychecks/month = $24,000

SMALL BUSINESS OWNER

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SMALL BUSINESS OWNERUNEMPLOYED PLUMBER

UNEMPLOYED SALESMAN

UNEMPLOYED ACCOUNTANT

UNEMPLOYED POWERLIFTERUNEMPLOYED POWERLIFTER

SMALL BUSINESS OWNER

HIGH SCHOOL KID

HIGH SCHOOL KIDNowPage 64 Summarize what you saw in class today. 3 or 4 sentences.How can trickle down economics theoretically help everyone? 3-4 sentences.What might keep it from working? DO NOT WRITE SENTENCES! Instead, make a list of at least three things that might keep this theory from playing out. What choices might the rich make?Page 65

5042464144444346454333313938494946424246264134482950

5042464144444346454736383941494946454646264138482950When adding the test scores, total came to 1050 total points

1050 / 24 (number of students who took the test) = 43.75

1050 / 25 (number of kids in the class) = 42A: 8B: 5C: 4D: 4F: 3

1 did not take test

4242424242424242424242424242424242424242424242424242B: 25

5: 1131 / 28 = 40.4

7: 911 / 24 = 37.96

9: 915 / 24 = 38.125

Please read the outline on page 67 (see if you can fill in the couple blank spaces with the info youve already learned in this course!) and then read the Guided Reading on the next page and answer the question in the box to the right.Hi1. Handout on your way in. Please remove the page with last nights HW on it and turn it in up front. DONT FORGET TO PUT YOUR NAME ON IT!2. Outline on page 67.3. Guided Reading on the following page with one question to answer.4. Notes page when youre finished.Presentations tomorrow!5: Parks, Malik, DiPasquale, Sartori7: Martin, Klinefelter, Phelps, Scheidler9: Sabatos, Bruzinski, Dadey, Kowalski

Safe and SoundCapital CitiesLearning Goal 1I will be able to:List and explain at least four problems the US faced after WWI and the solution(s) proposed for each.Define trickle down economics and summarize how it worksList and define three factors that could keep it from working.

Presidential Misspeaks

Presidential Misspeaks

Problems

Warren Harding

Trickle Down Economics

Factories hurt b/c production slowed after WWI (1) -TDENo need to produce weapons, no jobs for servicemen4 million people on strike for better pay/conditions, didnt during WWI b/c of patriotism, strikes blamed on Communism tries to forcefully take $ from rich to give to poor (2) - TDEPrices up People conserved during WWI, then spent more money (demand up, price up) (3) - TDECorruption (4) - JAILTeapot Dome Scandal = Albert Fall first cabinet official to go to jail for crimes committed, bribery for govt oil reservesSpoils System = giving government jobs based on friendship/loyaltyElected in 1920, promised return to normalcy after turbulent Progressive Era and WWI, wanted to reduce govt involvement in the economy; saw it as a problem, people worried about so much change in so little timeTheory that tax cuts for the wealthy will trickle down and benefit everyone

Now1. Well work together on the first 2/3 of the handout you picked up on your way in. Make sure your name is on it because Im collecting it at the end of the period.2. Page 66. Cross out the first question.3. Need to Know List on page 78.For numbers 5 and 6, change the 3 to a 4.

In 1-2 sentences, summarize unemployment from the end of WWI to the beginning of trickle down economics in 1922.

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What is the Economic Term for this? (Prices rising b/c of high demand and/or the printing of more money)________________________________________________________________________________________________________________________________________________________________________________________

Why was Safe and Sound the song of the day?2-3 sentencesWhy was Oil so profitable in the 1920s that it helped create one of the biggest government scandals in American history?