Monday, November 23, 2015

November 23


You wrote your Unit 2 Final Exam today, and you'll get the results back tomorrow. I also gave you the essay question sheet for the Unit 2 WRA II Essay. You'll be writing this position paper on Thursday, November 26th. You can only put notes under the line, on the front side of the essay question sheet.


I showed you the A & E Biography on Benito Mussolini. We started the "Conservatism in the 1920s" PowerPoint presentation today. Please bring the textbook, The United States and Its' People tomorrow.


You should have started the film study sheet on the CNBC documentary "The Age of Wal-Mart" today. We'll finish the film study tomorrow. Your Chapter 10-11 Test is on Wednesday, November 25th (sorry for the confusion in previous posts). Please see the Chapter 10-11 Test study guide below.


Please make sure that you review Chapters 10 and 11. Please review your answers to questions/activities from your Unit 3 worksheet, as well as the key terms (from Chapter 10-11 and from the PowerPoint presentations).

Please review the following two PowerPoint presentations:

  • "Foundations of Economic Globalization"
  • "Expansion of Economic Globalization"

You should know these key terms really well:
  • Bretton Woods Agreement
  • international monetary system
  • fixed exchange rate
  • gold standard
  • floating exchange rate
  • World Bank
  • International Monetary Fund (IMF)
  • centrally planned economy
  • free market economy
  • recession
  • John Maynard Keynes
  • Friedrich Hayek
  • Milton Friedman
  • totalitarian
  • General Agreement on Tariffs and Trade (GATT)
  • tariff
  • World Trade Organization (WTO)
  • Free Trade Agreement (FTA)
  • North American Free Trade Agreement (NAFTA)
You should also be able to answer the following questions:
  • What is economic globalization?
  • How did 20th century world events shape contemporary economic globalization?
  • What factors laid the foundations of contemporary global economics?
  • What were the major global institutions that were created at the Bretton Woods Agreement?
  • What are the major differences between the ideas of John Maynard Keynes and Friedrich Hayek?
  • What factors contribute to expanding globalization?
  • How do international agreements and organizations contribute to expanding globalization?
  • How do transnational corporations contribute to expanding globalization?
  • How do communication technologies contribute to expanding globalization?
  • What are the benefits of the WTO system?
  • What are some criticisms of the WTO?

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