You wrote your Ideological Reaction to Industrialization Test today in class. You will get your results back tomorrow. Your Chapter 5 Key Terms and Questions are due on Monday, so most students that finished their test early worked on these. Make sure that you actually read Chapter 5! Your Market Economy and Mixed Economy Test is on Thursday, October 20th, please see the study guide below.
- Chapters 3-4 and Chapter 6 in Perspectives on Ideology
- please see the summary notes from the Ideologies textbook: Chapter 7 (Private Enterprise)
- supply-side economics
- boom and bust cycle/business cycle
- laws of supply and demand, Adam Smith, invisible hand, market forces
self-interest, consumer sovereignty, competition, private ownership, profit motive - basic economic problems/questions
- advantages/disadvantages of the market economy
- causes of the Great Depression
- FDR and the New Deal
- please see summary notes from the Ideologies textbook on the Mixed Economy Case Studies #14 (Sweden) and #15 (Canada)
- nationalization
- democratic socialism
- welfare capitalism
- Keynesian economics
- the business cycle and fiscal and monetary policies (study all of the notes I gave you and the booklet that I gave you)
- demand-side economics
- neo-conservatives
- monetarism
- trickle down economics
- supply-side economics
- Thatcherism and Reaganomics
- Milton Friedman
- Friedrich Hayek
- how Keynesian economics deals with a recession
- how supply-side economics deals with a recession
I gave you a really important handout today on the Interwar Years. There are certain key events that occur between 1919 and 1939 which help contribute to the rise of fascist regimes in Germany, Italy and Japan. You need to study these key events very carefully because you will be tested on them on your Unit 2 Final Exam and your Final Exam. We watched Part 1 of the A & E Biography "The Fatal Attraction of Adolf Hitler", and as you watched this video, you should have been taking notes. We also watched "Make Germany Pay".
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