Monday, April 30, 2018

April 30

We finished off the George H.W. Bush administration, and I also got through the Clinton administration too. We should be able to get to the George W. Bush administration this week. This is our tie-in to Social 30-1 and concepts that you need to understand for the Social 30-1 Diploma Exam in June.

I showed you some exemplars for the TNC Dossier Assignment at the beginning of class. We got into a film study of "The Age of Wal-Mart" today, while you were watching the video you should have been looking for advantages and disadvantages of Wal-Mart. Please remember that you have the Chapter 10-11 Test on Thursday, May 3rd. 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 Thursday, May 3rd. 

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?

I did a homework check on the Chapter 7 Key Terms and Questions today. We looked at the case studies of Kosovo and Catalonia today. I gave you some notes on nationalism and the pursuit of national interest, and then I showed you a CBC News in Review from April 2008 on Kosovo declaring independence from Serbia. As you watched the video you were supposed to fill in answers to the video review questions. I also showed you a quick video from the Washington Post on Catalonia's attempts to declare independence from Spain.

No comments: