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Specialization & Interdependence Ms. Ramos Alta Loma High School.

Date post: 31-Mar-2015
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Specializatio n & Interdependen ce Ms. Ramos Alta Loma High School
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Page 1: Specialization & Interdependence Ms. Ramos Alta Loma High School.

Specialization & Interdependenc

eMs. Ramos

Alta Loma High School

Page 2: Specialization & Interdependence Ms. Ramos Alta Loma High School.

How does specialization

lead to Economic Interdependence

?Ms. Ramos

Page 3: Specialization & Interdependence Ms. Ramos Alta Loma High School.

How did people live 200 years ago?

Ms. Ramos

Page 4: Specialization & Interdependence Ms. Ramos Alta Loma High School.

•They grew their own food, built their house, made their own tools & clothing, and performed many other tasks themselves.

Ms. Ramos

Page 5: Specialization & Interdependence Ms. Ramos Alta Loma High School.

Specialization Improves Productivity

•Smith wrote about advantages of specialization–Division of labor

•As productivity increases, more G&S are available & standard of living increases

Ms. Ramos

Page 6: Specialization & Interdependence Ms. Ramos Alta Loma High School.

•Need lg society to sustain

Ms. Ramos

Page 7: Specialization & Interdependence Ms. Ramos Alta Loma High School.

Specialization Encourages Trade

• Don’t produce everything- need to trade

• “We trade with others because it frees up time and resources to do things that we are better at”

- Charles Wheelan

• Are we able to be self sufficient today?

Ms. Ramos

Page 8: Specialization & Interdependence Ms. Ramos Alta Loma High School.

•Trade is a VOLUNTARY EXCHANGE

•Traditional economies- Barter•Market economies- money

Ms. Ramos

Page 9: Specialization & Interdependence Ms. Ramos Alta Loma High School.

•Money is …–Useful when value generally accepted

–Easy to carry –Convenient for transactions

Ms. Ramos

Page 10: Specialization & Interdependence Ms. Ramos Alta Loma High School.

Trade creates Economic Interdependence

•depend on others/ other countries

Ms. Ramos

Page 11: Specialization & Interdependence Ms. Ramos Alta Loma High School.

http://www.shutterstock.com/pic-23004469/stock-photo-a-typical-american-hearty-breakfast.html

dullmensclub.com

Page 12: Specialization & Interdependence Ms. Ramos Alta Loma High School.

http://www.shutterstock.com/pic-23004469/stock-photo-a-typical-american-hearty-breakfast.html

dullmensclub.com

Columbian Coffee

Florida Orange Juice

Idaho Potatoes

Iowa Eggs

Nebraska Pork

Kansas Wheat

Page 13: Specialization & Interdependence Ms. Ramos Alta Loma High School.

•Smith & the Founders believed trade & econ interdependence were key to nation’s growth–Prob when states est trade barriers w/one another

–Difficult to develop national economy

Ms. Ramos

Page 14: Specialization & Interdependence Ms. Ramos Alta Loma High School.

madmen.wikia.com

peoplequiz.com

Ms. Ramos

Page 15: Specialization & Interdependence Ms. Ramos Alta Loma High School.

Not to worry!!!…. Commerce Clause Art. I, sec. 8 to the rescue“Congress shall have the Power…To regulate Commerce with foreign Nations, and among the several states”

Ms. Ramos


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