November 15

Social 20

We played a review for your upcoming World War I Unit Final next week. Also, I have switched the due date for your WWI Dossier Assignment, it's now due on Monday. Please have a look at your study guide for your WWI Unit Final here.

Social 10

I took in your WTO Assignment at the beginning of class. We continued watching the film "The Corporation". We will finish the film tomorrow. I gave you some time to work on your Chapter 11 Questions. Your Chapter 10-11 Quiz is on Friday, November 23rd. Please see the study guide below. Please remember that your TNC Dossier Assignment is due on Friday, November 30th. Here is a link to a website that might be helpful for some of you, it's for a website called "Multinational Monitor". A representative from this website was in Part 1 of "The Corporation" talking about fines assessed on TNCs recently. If you go to this website, Multinational Monitor, click on the Search hyperlink on the right hand side of the site. In the search box that pops up, type in the name of your transnational corporation, and see if anything comes up. It's archived back to 1992.

Chapter 10-11 Quiz Study Guide:

This quiz has a matching section and a short answer section. 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 (primarily from Chapter 10). Please review the following two PowerPoint presentations:

1. "Foundations of Economic Globalization"

2. "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?