May 27

IB 30/35

I went through part of the "Development of Classical Liberalism" PowerPoint presentation with you today. Please make sure that you review the rest of it (the French Revolution and Industrial Revolution parts). Continue to study the Unit 2 material. You have your Economic Systems Exam on Monday, June 2nd, please see the study guide below.

Economic Systems Exam Study Guide:

This is a comprehensive exam that covers all of the major economic systems: market economy, mixed economy, and command economy. It is 70 multiple choice questions. This exam will be administered on Monday, June 2nd.

 
• study all of the following PowerPoint presentations that are on the wiki for Unit 2:

                   - The Development of Classical Liberalism
                   - Responding to Classical Liberalism
                   - The Evolution of Modern Liberalism
                   - 20th Century Rejections of Liberalism

• focus on the Soviet Union, and left-wing of economic spectrum (command economy), we haven't covered aspects of dictatorships or Nazism yet (the techniques of dictatorship and fascism will be on a Chapter 5 Test)
• please see the summary notes from the Ideologies textbook: Chapter 7 (Private Enterprise) from the IB 30/35 wiki 
• 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), #16 (Japan), #17 (Fascism and Nazism); this is on the IB 30/35 wiki as well under Social 30-1 Unit 2
• also see the Democratic Socialism booklet on Sweden (indicative planning, "cradle to the grave" economics)
• characteristics of a mixed economy
• nationalization
• privatization
• 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 is on the wiki)
• 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 (remember "the percolator": increase circulation of money reducing taxes, increase government spending on "make work" projects, and reduce interest rates, which according to Keynesian economics is going increase demand for goods and services and lead to more money circulating in the economy)
• how supply-side economics deals with a recession (remember "trickle down coffee maker": government should stimulate the goods and services sector of the economy by reducing corporate and personal taxes, eventually benefits will "trickle down" to the middle class and working class, make connections between supply-side economics and laissez faire economics/classical liberalism)
• advantages and disadvantages of a mixed economy
• neo-conservative criticism of government intervention
• characteristics of a centrally planned economy
• advantages and disadvantages of a centrally planned economy
• Marx notes
• Lenin notes
• establishment of the Soviet Union
• Soviet economic system (top-down decision-making process)
• Lenin's War Communism and the New Economic Policy
• Stalin notes 
• "Changes to Soviet Society After Stalin" notes (this bridges the gap between Stalin and Gorbachev)
• Gorbachev to Collapse Notes

IB 20 HOTA

I showed you a video from the BBC 20th Century History series called "Stalin and the Modernization of Russia". I also talked a little bit about historiography surrounding Stalin today. We're starting our examination of Adolf Hitler and Nazi Germany tomorrow. Please make sure that you have read and studied the "Joseph Stalin and the USSR" PowerPoint presentation. Over the long weekend that you'll have coming up (remember, no school on Thursday or Friday this week due to graduation and PD Day) please study the Adolf Hitler Paper 2 PowerPoint presentation that I posted.

Social 10-1

I did a homework check on your Chapter 15 Key Terms and Questions today. Your Chapter 16 Key Terms and Questions are due tomorrow. I went through a PowerPoint presentation called "Quality of Life, Human Rights and Democratization". I'll try to post this presentation on the wiki in the next couple of days.