Download Laissez

Warm-Up: Stock Market Review
1. _________ – unit of ownership in a company
2. _________________ – a place for trading stocks
3. Goal is to sell stock for ________ than you paid for it
4. The ___________ for a stock makes its value go up and down
5. __________ – money gained from a _________ in stock value
6. __________ – money lost from a ________ in stock value
7. ______ market – market where most stock values are going up
8. ______ market – market where most stock values are going
down
9. Margin buying – buying stocks with
________________________; risky
10. _____________ – buying and selling stocks to make a quick
profit; high risk but chance of high reward
THE GREAT DEPRESSION
Today’s Episode:
So How Bad Is It Really Right Now?
Learning Target 1:
Gov’t Policy prior to the Great Depression
Warm-up: Discuss with the person closest
to you
1.
2.
T/F: We are currently in a recession
Use the root word of recession to explain
what it is
Warm-up: Are we still in a recession today? Use the
graph to WRITE an answer. How do you know?
Real GDP
(Gross
Domestic
Product) =
total value of
the economy
Economy

Etymology: derived from
Greek oikonomos
"household manager,"
from oikos "house" and
nemein "to manage"
ECONOMY
 The production, distribution, and
consumption of things you can buy
Production:
Distribution:
Consumption:
How might
this news
story be
related to
the
economy?
Examples of ECONOMY
1.
2.
3.
The war altered the country's economy by…
An increase in tourism will help the city's
economy (How?)
Create your own example showing you
understand the definition.
Private vs. Public
What’s the
difference?
 Can you think of
an example?

Private vs. Public
Private
Controlled
by the
people
Public
Controlled
by the
gov’t
Laissez faire anticipatory set





You’ve got work to do when you get home. Chores, homework, etc. Do you
work better with mom or dad checking in, staying on top of you, or is it
better when they leave you alone? Do your habits change based on their
presence?
Teacher gives class a list of learning targets and tells you to teach yourself
and be ready to take a test on Friday. What happens?
Coach says to practice on your own in preparation for a game/meet.
What happens?
What factors determine the outcome? (e.g. common goal, motivation re:
goal) Why do they do what they do? Does it ever annoy you?
Business has an objective, work to do. In 1920s, the
parents/teacher/coach/gov’t let the kids do what they wanted under the
assumption that things would work out
Regulation
Policy


Laissez faire article
Working together
Closure
•
•
Flow chart review
Share three things you learned with the
person closest to you, no repeats
THE GREAT DEPRESSION
Today’s episode:
Hands Off My Economy, Dude
LT 1: Gov’t Policy prior to the Depression
Icebreaker

Get a name and answer to the following
question from three people you do not
know
 If
you could eat only one food/dish for the
rest of your life, what would you get?
Warm up…


Answer on your laissez faire handout from
yesterday in the economy section: write your own
example of a sentence using the word “economy”
correctly.
Jot down an example of something in the private
sector and something in the public sector of the
economy
Laissez faire is the
government’s economic
policy prior to the
Depression
Laissez faire – hands off
Whose
hands?
Off
what?
Gov’t Policy prior to the GD:
Laissez-faire




Laissez-faire
 Economic policy meaning hands-off – government
chooses NOT to get involved in the economy
Based on belief that government spending will
increase economic trouble [Why? Reps vs. Dems]
Was the government’s economic policy of the 1920s
Led to economic boom but lack of gov’t regulation
[control] allowed for risky actions in business (e.g.
margin buying, speculation)
Closure


Write one example from your life where laissezfaire might be a good policy and one that might
not work so well.
Example: Mr. Stone and my class
Pros and cons of regulation