Monday, May 02, 2016

May 2


There was no class today, but I wanted to remind you of some upcoming important dates:

Please remember the following upcoming important dates for IB 30/35 History students: 
  • Paper 1 and Paper 2 Review session is on Wednesday, May 4th (during regular class time)
  • Paper 1 is on Friday, May 6th (pm)
  • Paper 2 is on Monday, May 9th (pm)
  • Paper 3 Review session is on Tuesday, May 10th (during regular class time)
  • Paper 3 is on Thursday, May 12th (pm)



I did a homework check on the film study sheets on "The Corporation" at the beginning of class today. We started a film study today called "The Age of Wal-Mart". Please remember that you have your Chapter 10-11 Test on Wednesday (May 4th), please see the 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). This test is on Wednesday, May 4th. 

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?



You wrote your Unit 2 Final Exam today in class. You will get the results back tomorrow. You will be writing your Unit 2 WRA II Essay on Wednesday, May 4th.


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