October 10

Social 30-1

I went through part of the PowerPoint lecture called "20th Century Rejections of Liberalism". I only covered the section of presentation that covered the Soviet Union. You are responsible for reading the remainder of this lecture that covers Nazi Germany. You had the remainder of the class to work on your Chapter 5 Key Terms and Questions, which are due on Friday, October 17th.

Market and Mixed Economy Test Study Guide:

This test is on Thursday, October 16th and it is a multiple choice format test. There are 70 multiple choice questions on the exam. Please study the following:

• 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), you can find this on the Social 30-1 wiki and in your 30-1 study booklets
• nationalization
• 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 I gave you)
• 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
• how supply-side economics deals with a recession

IB 20 HOTA

Most of today's class was spent talking about the Paper 1. You have a test on the American Revolution on Thursday, October 16th. Your Paper 1 on the Independence Movement in the USA is on Friday, October 17th. Please have a look at the Paper 1 section on the IB 20 wiki. I strongly recommend that you find some time to read pages 61-73 in your History of the Americas textbook, and the complete the OPVL chart activity (see page 73) based on Sources A to E on pages 71-73 in your textbook.