Wednesday, April 13, 2011

Honors World History II: 14 April 2011

1986 – In retaliation for the April 5 bombing in West Berlin that killed two U.S. servicemen, U.S. president Ronald Reagan orders major bombing raids against Libya, killing 60 people.


Prayer

Beyond the Sound Bites:

Why Egypt was Not a Successful Revolution


Could There Ever Be a Saudi Revolution?


Ian Bremmer is the president and founder of Eurasia Group, a leading global political risk research and consulting firm started in 1998. Eurasia Group provides financial, corporate, and government clients with information and insight on how political developments move markets.

Bremmer has a PhD in political science from Stanford University (1994), and was the youngest-ever national fellow at the Hoover Institution. He presently teaches at Columbia University, and has held faculty positions at the EastWest Institute and the World Policy Institute. In 2007, he was named a Young Global Leader of the World Economic Forum. His analysis focuses on global macro political trends and emerging markets, which he defines as "those countries where politics matter at least as much as economics for market outcomes."

Gas prices and voting


The Chapter 16 Section 1 Quiz Make-up is today.

Cf. http://shanawiki.wikispaces.com/Honors+World+History+II+Chapter+16+Section+1+Quiz+Prep+Page+Spring+2011

Cf. http://moodle.catholicschools-phl.org

Cf. http://www.cueprompter.com/

The Philadelphia Inquirer is available.

URL: http://nie.philly.com
Click on the words "Access e-Inquirer" located on the gray toolbar underneath the green locker on the opening page.
Login:
Username: bshsinky@shanahan.org
Password: 10888

Cf. http://vozme.com/index.php?lang=en

Cf. http://www.xtranormal.com/

Cf. http://www.wordle.net/create

ABCya! Cf. http://www.abcya.com/word_clouds.htm

Or, http://www.glogster.com/login/

Cf. http://moodle.catholicschools-phl.org

Cf. http://www.cueprompter.com/

Cf. http://ant.umn.edu/vae.php

Be sure to check the assignment on Moodle and access it there.

Cf. http://moodle.catholicschools-phl.org

Chapter 17 The West Between the Wars 1919-1939

Section 1

5th
The Great Depression

In-class assignment, with a partner, fill in the chart.


The post-war prosperity did not last. At the end of the 1920s, an economic crisis began in the United States and spread to the rest of the world, leaving almost no corner untouched.

Causes of the Depression

The wealth created during the 1920s in the United States was not shared evenly. Farmers and unskilled workers were on the losing end. Though demand for raw materials and agricultural products had skyrocketed during the war, demand dwindled and prices fell after the war. Farmers, miners and other suppliers of raw materials suffered. Because they earned less, they bought less. At the same time, better technology allowed factories to make more products faster. This led to overproduction, a condition in which the production of goods exceeds the demand for them. As demand slowed, factories cut back on production and workers lost their jobs.

Meanwhile, a crisis in finance—the management of money matters, including the circulation of money, loans, investments, and banking—was brewing. Few saw the danger. Prices on the New York Stock Exchange were at an all-time high. Eager investors acquired stocks through risky methods. To slow the run on the stock market, the Federal Reserve, the central banking system of the United States, which regulates banks, raised interest rates in 1928 and again 1929. It didn’t work. Instead, the higher interest rates made people nervous about borrowing money and investing, thereby hurting demand.

In the autumn of 1929, jitters about the economy caused many people to sell their stocks at once. Financial panic set in. Stock prices crashed, wiping out the fortunes of many investors. The Great Depression, a painful time of global economic collapse, had begun quietly in the summer of 1929 with decreasing production. The October stock market crash aggravated the economic decline.

Responses to the Depression

In 1931, the Federal Reserve again increased the interest rate, with an even more disastrous effect. As people bought and invested less, businesses closed and banks failed, throwing millions out of work. The cycle spiraled steadily downward. The jobless could not afford to buy goods, so more factories had to close, which in turn increased unemployment. People slept on park benches and lined up to eat in soup kitchens.

The economic problems quickly spread around the world. American banks stopped making loans abroad and demanded repayment of foreign loans. Without support from the United States, Germany suffered. It could not make its reparations payments. France and Britain were not able to make their loan payments.

Desperate governments tried to protect their economies from foreign competition. The United States imposed the highest tariffs in its history. The policy backfired when other nations retaliated by raising their tariffs. In 1932 and 1933, global world trade sank to its 1900 level. As you have read, the Great Depression spread misery from the industrial world to Latin America, Africa, and Asia.

In-class assignment, with a partner, answer the question.

Reading Check

Summarizing

What were the results of the Great Depression?

Democratic States After the War

In-class assignment, with a partner, fill in the table.

Note Taking

Reading Skill: Identify Main Ideas

Record main ideas from this section in a table like the one below.


In 1919, the three Western democracies—Britain, France, and the United States—appeared powerful. They had ruled the Paris Peace Conference and boosted hopes for democracy among the new nations of Eastern Europe. Beneath the surface, however, postwar Europe faced grave problems. To make matters worse, many members of the younger generation who might have become the next great leaders had been killed in the war.

At first, the most pressing issues were finding jobs for returning veterans and rebuilding war-ravaged lands. Economic problems fed social unrest and made radical ideas more popular.

In addition to problems at home, the three democracies faced a difficult international situation. The peace settlements caused friction, especially in Germany and among some ethnic groups in Eastern Europe.

Germany

From its headquarters in Geneva, Switzerland, the League of Nations encouraged cooperation and tried to get members to make a commitment to stop aggression. In 1926, after signing the Locarno agreements, Germany joined the League. Later, the Soviet Union was also admitted.

France

Like Britain, France emerged from World War I both a victor and a loser. Political divisions and financial scandals plagued the government of the Third Republic. Several parties—from conservatives to communists—competed for power. The parties differed on many issues, including how to get reparations payments from Germany. A series of quickly changing coalition governments ruled France.

France’s chief concern after the war was securing its borders against Germany. The French remembered the German invasions of 1870 and 1914. To prevent a third invasion, France built massive fortifications called the Maginot Line along its border with Germany. However, the line would not be enough to stop another German invasion in 1940.

In its quest for security, France also strengthened its military and sought alliances with other countries, including the Soviet Union. It insisted on strict enforcement of the Versailles treaty and complete payment of reparations. France’s goal was to keep the German economy weak.

Great Britain

Britain disagreed with this aim. Almost from the signing of the Treaty of Versailles, British leaders wanted to relax the treaty’s harsh treatment of Germany. They feared that if Germany became too weak, the Soviet Union and France would become too powerful.

In Britain during the 1920s, the Labour party surpassed the Liberal party in strength. The Labour party gained support among workers by promoting a gradual move toward socialism. The Liberal party passed some social legislation, but it traditionally represented middle-class business interests. As the Liberal party faltered, the middle class began to back the Conservative party, joining the upper class, professionals, and farmers. With this support, the Conservative party held power during much of 1920s. After a massive strike of over three million workers in 1926, Conservatives passed legislation limiting the power of workers to strike.

Britain still faced the “Irish question.” In 1914, Parliament passed a home-rule bill that was shelved when the war began. On Easter 1916, a small group of militant Irish nationalists launched a revolt against British rule. Although the Easter Rising was quickly suppressed, it stirred wider support for the Irish cause. When Parliament again failed to grant home rule in 1919, members of the Irish Republican Army (IRA) began a guerrilla war against British forces and their supporters. In 1922, moderates in Ireland and Britain reached an agreement. Most of Ireland became the self-governing Irish Free State. The largely Protestant northern counties remained under British rule. However, the IRA and others fought for decades against the division.

In-class assignment, with a partner, consider the following.

Easter Rising, 5:50

In what year did a rebellion begin?
Who was the mastermind behind the guerilla war?
What was England's most troublesome colony?
What was the event called at Easter in 1916?
How were the Irish treated?


The Irish Resist

Members of the Irish Republican Army prepare to resist the British occupation of Dublin in 1921 by erecting a barbed wire barricade. The Irish Free State, established in 1922, was a compromise between the opposing sides, but peace was short-lived. The conflict has continued since that time.

The United States

In contrast, the United States emerged from World War I in good shape. A late entrant into the war, it had suffered relatively few casualties and little loss of property. However, the United States did experience some domestic unrest. Fear of radicals and the Bolshevik Revolution in Russia set off a “Red Scare” in 1919 and 1920. Police rounded up suspected foreign-born radicals, and a number were expelled from the United States.

The “Red Scare” fed growing demands to limit immigration. Millions of immigrants from southern and eastern Europe had poured into the United States between 1890 and 1914. Some native-born Americans sought to exclude these newcomers, whose cultures differed from those of earlier settlers from northern Europe. In response, Congress passed laws limiting immigration from Europe. Earlier laws had already excluded or limited Chinese and Japanese immigration.

In-class assignment, with a partner, consider the question.

Reading Check

Explaining

What did John Maynard Keynes think would resolve the Great Depression?

John Maynard Keynes and the Great Depression, 2:10

In-class assignment, with a partner, consider the questions.

What was the mood of the Americans in the '20s?
What did they do?
What happened in the crash?
Was there federal relief?

Hughes Rudd narrates:


Preview

An image from a magazine of Benito Mussolini leading his nation to war; Italian national flag during Mussolini’s rule.

Section 2 The Rise of Dictatorial Regimes

By 1939 most European democracies had collapsed. Only France and Great Britain remained democratic. Benito Mussolini began his political career as a Socialist, but he abandoned socialism for fascism, which glorified the state and justified the suppression of all political dissent. In Italy, Mussolini outlawed most political opposition, but also compromised with powerful groups and never achieved totalitarian control. After the Russian civil war, Lenin restored capitalist practices to prevent economic and political collapse. After Lenin's death, Joseph Stalin emerged as the most powerful Communist figure. Stalin sidelined the Bolsheviks of the revolutionary era and established totalitarian rule. His program of rapid industrialization and collectivization forced horrendous sacrifices on the population. His political purges caused millions to be arrested, imprisoned, and executed. Elsewhere in Eastern Europe and in Francisco Franco's Spain, authoritarian regimes were mainly concerned with preserving the existing social order.

When Mussolini visited Berlin in September 1937 one million people crowed the Olympic Stadium and adjoining Mayfield to hear Il Duce (The Leader) address them in German, 2:27.


The Rise of Dictators
Note Taking

Reading and Listening Skill: Identify Main Ideas

Find the main points of the Mussolini section under the first two headings and record them in a flowchart like the one below.


In the early 1920s, a new leader named Benito Mussolini arose in Italy. The Italian people were inspired by Mussolini’s promises to bring stability and glory to Italy.

“[Only joy at finding such a leader] can explain the enthusiasm [Mussolini] evoked at gathering after gathering, where his mere presence drew the people from all sides to greet him with frenzied acclamations. Even the men who at first came out of mere curiosity and with indifferent or even hostile feelings gradually felt themselves fired by his personal magnetic influence. . . .”

—Margherita G. Sarfatti, The Life of Benito Mussolini (tr. Frederic Whyte)

Mussolini and the People

An excited crowd of women and children greets the Italian leader in 1940.

“I hated politics and politicians,” said Italo Balbo. Like many Italian veterans of World War I, he had come home to a land of economic chaos and political corruption. Italy’s constitutional government, he felt, “had betrayed the hopes of soldiers, reducing Italy to a shameful peace.” Disgusted and angry, Balbo rallied behind a fiercely nationalist leader, Benito Mussolini. Mussolini’s rise to power in the 1920s served as a model for ambitious strongmen elsewhere in Europe.

Reading Check

Summarizing

What is the goal of a totalitarian state?

Fascism in Italy

Rise of Fascism

When Italy agreed to join the Allies in 1915, France and Britain secretly promised to give Italy certain Austro-Hungarian territories. When the Allies won, Italy received some of the promised territories, but others became part of the new Yugoslavia. The broken promises outraged Italian nationalists.

Disorders within Italy multiplied. Inspired in part by the revolution in Russia, peasants seized land, and workers went on strike or seized factories. Amid the chaos, returning veterans faced unemployment. Trade declined and taxes rose. The government, split into feuding factions, seemed powerless to end the crisis.

Into this turmoil stepped Benito Mussolini. The son of a socialist blacksmith and a teacher, Mussolini had been a socialist in his youth. During the war, however, he rejected socialism for intense nationalism. In 1919, he organized veterans and other discontented Italians into the Fascist party. They took the name from the Latin fasces, a bundle of sticks wrapped around an ax. In ancient Rome, the fasces symbolized unity and authority.

The fasces is an ancient symbol of authority and power derived from the Romans. A Roman official called a lictor carried the fasces. The elm whips could be removed from the bundle and used to punish and the ax could be used to execute thus the symbolism should be clear from the illustration.


The association with Rome was deliberately chosen by Mussolini to identify himself with the glory of ancient Rome.


Nonetheless, the fasces symbol appears also in some unexpected places.

Mussolini was a fiery and charismatic speaker. He promised to end corruption and replace turmoil with order. He also spoke of reviving Roman greatness, pledging to turn the Mediterranean into a “Roman lake” once again.

Mussolini organized his supporters into “combat squads.” The squads wore black shirts to emulate an earlier nationalist revolt. These Black Shirts, or party militants, rejected the democratic process in favor of violent action. They broke up socialist rallies, smashed leftist presses, and attacked farmers’ cooperatives. Fascist gangs used intimidation and terror to oust elected officials in northern Italy. Many Italians accepted these actions because they, too, had lost faith in constitutional government.

In 1922, the Fascists made a bid for power. At a rally in Naples, they announced their intention to go to Rome to demand that the government make changes. In the March on Rome, tens of thousands of Fascists swarmed towards the capital. Fearing civil war, King Victor Emmanuel III asked Mussolini to form a government as prime minister. Mussolini entered the city triumphantly on October 30, 1922. He thus obtained a nominally legal, constitutional appointment from the king to lead Italy.

People in History

Benito Mussolini

Benito Mussolini — History.com Video, (2:36)

For a quarter of a century, Italy is controlled by the Fascist dictator known as "I1 Duce."

Warning: some of these scenes may make some people uncomfortable; please feel free to excuse yourself from the room if need be.

http://www.history.com/videos/benito-mussolini

Benito Mussolini — History.com Video

Reference:

“Benito Mussolini,” The History Channel website, http://www.history.com/videos/benito-mussolini (accessed Apr 5, 2010).

The Fascist State

At first, Fascists held only a few cabinet posts in the new government. By 1925, though, Mussolini had assumed more power and taken the title Il Duce (eel doo chay), “The Leader.” He suppressed rival parties, muzzled the press, rigged elections, and replaced elected officials with Fascist supporters. In 1929, Mussolini received support from Pope Pius XI in return for recognizing Vatican City as an independent state, although the pope continued to disagree with some of Mussolini’s goals. In theory, Italy remained a parliamentary monarchy. In fact, it was a dictatorship upheld by terror. Critics were thrown into prison, forced into exile, or murdered. Secret police and propaganda bolstered the regime.

To encourage economic growth and end conflicts between owners and workers, Mussolini brought the economy under state control. However, he preserved capitalism. Under Mussolini’s corporate state, representatives of business, labor, government, and the Fascist party controlled industry, agriculture, and trade. Mussolini’s system favored the upper classes and industrial leaders. Although production increased, success came at the expense of workers. They were forbidden to strike, and their wages were kept low.

In Mussolini’s new system, loyalty to the state replaced conflicting individual goals. To Fascists, the glorious state was all-important, and the individual was unimportant except as a member of the state. Men, women, and children were bombarded with slogans glorifying the state and Mussolini. “Believe! Obey! Fight!” loudspeakers blared and posters proclaimed. Men were urged to be ruthless, selfless warriors fighting for the glory of Italy. Women were pushed out of paying jobs. Instead, Mussolini called on women to “win the battle of motherhood.” Those who bore more than 14 children were given a medal by Il Duce himself.

Shaping the young was a major Fascist goal. Fascist youth groups toughened children and taught them to obey strict military discipline. Boys and girls learned about the glories of ancient Rome. Young Fascists marched in torchlight parades, singing patriotic hymns and chanting, “Mussolini is always right.” By the 1930s, a generation of young soldiers stood ready to back Il Duce’s drive to expand Italian power.

The Makings of a Totalitarian State

http://www.pearsonsuccessnet.com/ebook/products/0-13-133374-7/view1_WH07A02134.pdf

Reading Check

Examining

How did Mussolini gain power in Italy?

Rare Mussolini's Speech in English! (1929 Fox Movietone Newsreel), 1:24



A New Era in the Soviet Union

Lenin's New Economic Policy

The Rise of Stalin

People in History

Joseph Stalin

Five-Year Plans

Costs of Stalin's Programs

Reading Check

Summarizing

What was Lenin's New Economic Policy

Authoritarian States in the West

Eastern Europe

Spain

Reading Check

Explaining

How did Czechoslovakia maintain its political democracy?

Ch. 17 References

The Great Depression

Photo Essay on the Great Depression

Cf. http://www.pbs.org/wnet/historyofus/tools/browser12.html

Diaries of people who lived during the Depression

Cf. http://teacher.scholastic.com/activities/our_america/great_depression/

People and events of the Dust Bowl

Cf. http://www.pbs.org/wgbh/americanexperience/films/dustbowl/

Original photographs from the times

Cf. http://memory.loc.gov/ammem/fsahtml/fatop1.html

Cf. Click on links to view original documents from Mussolini's life and times.

Cf. http://www.nationalarchives.gov.uk/education/heroesvillains/g3/

Click on "Germany Image Gallery" for the slideshow.

Cf. http://www.worldwar2database.com/cgi-bin/slideviewer.cgi?list=preludegermany.slides

Read a detailed account of the life of Hitler

Cf. http://library.thinkquest.org/19092/hitler.html

Test yourself on how Hitler came to power

Cf. http://www.schoolhistory.co.uk/lessons/riseofhitler/index.htm

Nazi propaganda posters: Election, Sower of peace, 'One People, One Nation, One Leader,' Saving for a Volkswagen, Jews, Anti-Bolshevism.

Cf. http://www.bbc.co.uk/history/worldwars/wwtwo/nazi_propaganda_gallery.shtml

Soviet Russia

Stalin and Industrialization of the USSR
See original documents and learn more about Stalin's methods.

Cf. http://www.nationalarchives.gov.uk/education/heroesvillains/g4/

View Soviet posters

Cf. http://www.internationalposter.com/country-primers/soviet-posters.aspx

Review Stalin's takeover of power

Cf. http://www.bbc.co.uk/schools/gcsebitesize/history/mwh/russia/stalinsact.shtml

Find out more about jazz

Cf. http://www.smithsonianjazz.org/class/whatsjazz/wij_start.asp

How To Take Effective Notes

Ch. 17 References

The Great Depression

Photo Essay on the Great Depression

Cf. http://www.pbs.org/wnet/historyofus/tools/browser12.html

Diaries of people who lived during the Depression

Cf. http://teacher.scholastic.com/activities/our_america/great_depression/

People and events of the Dust Bowl

Cf. http://www.pbs.org/wgbh/americanexperience/films/dustbowl/

Original photographs from the times

Cf. http://memory.loc.gov/ammem/fsahtml/fatop1.html

Cf. Click on links to view original documents from Mussolini's life and times.

Cf. http://www.nationalarchives.gov.uk/education/heroesvillains/g3/

Click on "Germany Image Gallery" for the slideshow.

Cf. http://www.worldwar2database.com/cgi-bin/slideviewer.cgi?list=preludegermany.slides

Read a detailed account of the life of Hitler

Cf. http://library.thinkquest.org/19092/hitler.html

Test yourself on how Hitler came to power

Cf. http://www.schoolhistory.co.uk/lessons/riseofhitler/index.htm

Nazi propaganda posters: Election, Sower of peace, 'One People, One Nation, One Leader,' Saving for a Volkswagen, Jews, Anti-Bolshevism.

Cf. http://www.bbc.co.uk/history/worldwars/wwtwo/nazi_propaganda_gallery.shtml

Soviet Russia

Stalin and Industrialization of the USSR
See original documents and learn more about Stalin's methods.

Cf. http://www.nationalarchives.gov.uk/education/heroesvillains/g4/

View Soviet posters

Cf. http://www.internationalposter.com/country-primers/soviet-posters.aspx

Review Stalin's takeover of power

Cf. http://www.bbc.co.uk/schools/gcsebitesize/history/mwh/russia/stalinsact.shtml

Find out more about jazz

Cf. http://www.smithsonianjazz.org/class/whatsjazz/wij_start.asp

Paul McCartney and Wings - Give Ireland back to the Irish, 3:43

Song about the British in the north eastern counties of Ireland which denies the Irish people the right of national self-determination.

Song performed by Wings.

Give ireland back to the irish
Dont make them have to take it away
Give ireland back to the irish
Make ireland irish today
Great britian you are tremendous
And nobody knows like me
But really what are you doin
In the land across the sea

Tell me how would you like it
If on your way to work
You were stopped by irish soliders
Would you lie down do nothing
Would you give in, or go berserk

Give ireland back to the irish
Dont make them have to take it away
Give ireland back to the irish
Make ireland irish today

Great britian and all the people
Say that all people must be free
Meanwhile back in ireland
Theres a man who looks like me

And he dreams of God and country
And hes feeling really bad
And hes sitting in a prison
Should he lie down do nothing
Should give in or go mad

Give ireland back to the irish
Dont make them have to take it away
Give ireland back to the irish
Make ireland irish today

Give ireland back to the irish
Dont make them have to take it away
Give ireland back to the irish
Make ireland irish today

Lyrics reproduced here for educational purposes only; copyright remains in the hands of the legitimate owners.



John & Yoko - Sunday Bloody Sunday, 5:03, from Lennon's 'Sometime In New York City' album.


Sunday Bloody Sunday - Wolfe Tones, 4:09

This is a song from their CD entitled Celtic Symphony.


References


War and Revolution in Russia 1914 - 1921

By Dr Jonathan Smele

Cf. http://www.bbc.co.uk/history/worldwars/wwone/eastern_front_01.shtml
World War One News Report, High School History Project


World War 1 Songs, 5:40

Songs are in this order: It's A Long Way to Berlin but We'll Get There, The Yanks Started Yankin, I May Stay Away A Little Longer, It's A Long Way to Tipperary, What Kind of an American Are You, How Ya Gonna Keep Them Down on the Farm

Cf. http://www.youtube.com/watch?v=sH4-fYIfC-E


Chapter 17 References

The BBC on Weimar:

Cf. http://www.bbc.co.uk/schools/gcsebitesize/history/mwh/germany/weimaract.shtml

The BBC on Nazis:

Cf. http://www.bbc.co.uk/schools/gcsebitesize/history/mwh/germany/nazisact.shtml

Wagner - RIDE OF THE VALKYRIES - Furtwangler, 5:09

The Ride of the Valkyries, by Richard Wagner, in a classic recording with Wilhelm Furtwangler and the Vienna Philharmonic. Illustrations are by Arthur Rackham.

The music: probably the most famous and instantly identifiable of Wagner's works is this short orchestral prelude from Die Walkure, the second opera in the monumental Der Ring des Nibelungen. It has gone on to enter popular culture, being used in many films, most notably the helicopter attack sequence in Apocalypse Now. In terms of composition it perfectly demonstrates Wagner's epic sense of drama, and also his masterful orchestration.

The conductor: Wilhelm Furtwangler is probably unrivalled as an interpreter of the core Austro-German Romantic repertoire, setting benchmarks in the performance of Beethoven, Schubert, Brahms, Wagner, Bruckner and others. His recordings include two complete Ring Cycles, both of them classics.

The illustrations: Arthur Rackham was one of the greatest illustrators at the turn of the 19th century, creating classic visions for fairy tales and fantasies (Alice, Peter Pan, etc.).

His work on Der Ring des Nibelungen is often considered one of the finest visual depictions of Wagner's epic.


Duce! the rise and fall of Benito Mussolini by Richard Collier

Fascism

Russia

Soviet

Totalitarian

Creedence Clearwater Revival: Fortunate Son, 2:19


Give Peace A Chance - John Lennon & Plastic Ono Band - Toronto 1969, 3:28

http://youtu.be/bqrypsYtHkE

The Chapter 16 Section 2 Quiz Prep Page is available.

Cf. http://shanawiki.wikispaces.com/Honors+World+History+II+Chapter+16+Section+2+Quiz+Prep+Page+Spring+2011

HW: email (or hard copy) me at gmsmith@shanahan.org.

Thursday HW
1. p. 528, #16-18
Friday HW
1. p. 528, #19

Honors Business Economics: 14 April 2011

Prayer
Beyond the Sound Bites:

http://www.youtube.com/watch?v=H6-nQr1cshU

April 13 (Bloomberg) -- Paul Donovan, deputy head of global economics at UBS AG, discusses the debt burden in the euro zone and U.S. He talks with Linzie Janis on Bloomberg Television's "Global Connection."

The Quiz Prep Page is available.

For the Make-up Quiz, consider the material found in Chapter 9 Section 3:

minimum tax, VAT (Value-Added Tax), flat tax, federal tax reform, business taxes, profits, tax burden, personal income rate, depreciation, investment tax credit, and, capital gains.

Cf. http://shanawiki.wikispaces.com/Honors+Business+Economics+Chapter+9+Section+4+Quiz+Prep+Page+Spring+2011

Standard feature:

The electronic edition of the Philadelphia Inquirer is available. We have the Sunday edition, available on Mondays, in addition to the Tuesday through Friday editions on the other days.

Please follow the steps below:

URL: http://nie.philly.com
Click on the words "Access e-Inquirer" located on the gray toolbar underneath the green locker on the opening page.
Login:
Username: bshsinky@shanahan.org
Password: 10888

Chapter 11 Resources

Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter11/chapter_overviews.html

Chapter 11: Financial Markets

Chapter 11 Section 1 Savings and the Financial System

Nonbank Financial Intermediaries

7th

In-class assignment, with a partner, answer the question.

Reading Check

Comparing and Contrasting

How do finance companies, life insurance companies, and pension funds channel savings to borrowers?

Basic Investment Considerations

Consistency

Simplicity

The Risk-Return Relationship

Investment Objectives

In-class assignment, with a partner, answer the question.

Reading Check

Identifying

If you were to invest your money, what would your objectives be?

11.1 Review

In-class assignment, with a partner, fill in the graphic.

Use the graphic organizer to describe the nonbank financial intermediaries.

Profiles in Economics Sallie Krawcheck

Keep Your Message Simple--with Mark Thompson, 2:06

In-class assignment, with a partner, answer the questions.

What is leadership?
What does communication involve?


Chapter 11 Section 2 Financial Assets and Their Markets

Section Preview

Content Vocabulary

bond

In-class assignment, with a partner, answer the following.

Personal Finance: How to Understand Bonds, 1:35

What exactly is a bond?
What has this to do with a company?
What is paid back?
What happens if the company goes bankrupt?


A bond is essentially a debt that funds a company, and that will be paid back with interest. Understand bonds and how it's different than equities with tips from a financial planner in this free video on personal finance and the stock market.

Expert: Chris Markowski
Contact: www.watchdogonwallstreet.com

coupon rate

maturity

par value

In-class assignment, with a partner, answer the following.

How do we calculate a par value of a bond?
What is its price?

Stocks & Investments: How to Calculate the Par Value of a Bond, 1:01


Calculating the par value of a bond is simple by looking at the initial purchase price of the bond, as the par value is generally the issues value as well as the ending value. Find the par value of a bond with financial advice from an experienced portfolio manager in this free video on investing.

Expert: Gregory Bramwell-Smith
Bio: Gregory Bramwell-Smith is the relationship and portfolio manager at Bramwell-Smith Associates.

current yield

4th

In-class assignment, with a partner, answer the following.

Bond Investing: How to Find a Current Yield on a Bond, 1:49

How do we find a current yield on a bond?
What is the formula?
Where do you find this information?


The current yield on a bond is the yearly interest rate divided by the cost price of that bond. Find the current yield on a bond by calling the holder of the bond or checking the newspaper with help from a licensed financial planner in this free video on bonds and investing.

Expert: William Rae
Contact: www.hbwfl.com

junk bond

In-class assignment, with a partner, answer the following.

Stocks & Bonds: What Are Junk Bonds? 1:25

What is a junk bond?
What comes with high yield?
What may happen with junk bonds?


Junk bonds, or high yield bonds, are bonds that have low credit ratings, and therefore include an inherent risk. Be aware of a bond's credit rating before making an investment with help from a portfolio manager in this free video on personal finance and money management.

Expert: Gregory Bramwell-Smith
Bio: Gregory Bramwell-Smith is the relationship and portfolio manager at Bramwell-Smith Associates.

municipal bond

In-class assignment, with a partner, answer the following.

Bond Market: How Much Does a Municipal Bond Cost? 2:22

What is a municipal bond?
What do municipalities need?
What happens if a state or municipality defaults?
Today, do municipal bonds cost less or more? Why?
Why do you need to careful if investing in municipal bonds?


A municipal bond will have a lesser value if interest rates go up, and bond prices go down when a state, city or county has a deficit. Talk to a stockbroker about the advantages and disadvantages of municipal bonds with help from a personal asset manager in this video on the bond market and money management.

Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.

tax-exempt

In-class assignment, with a partner, answer the following.

Financial Planning & Investment Tips: Tax Exempt Money Market Fund, 1:09

What is a tax exempt money market fund?
What does it allow you to do?
When can you use it?


Tax exemption is a important benefit to money market funds. Discover more about tax exemptions with money market funds using tips from a registered financial consultant in this free video on financial planning.

Expert: Patrick Munro
Contact: www.northstarnavigator.com

savings bond

In-class assignment, with a partner, answer the following.

How much is your savings bond worth? 2:54

When should I cash in a bond?
What does mature mean?
How are savings bonds sold?
Do they pay interest regardless of maturity date?
How do you find out if a bond is still accruing interest?
What are your final options?

Cf. http://www.youtube.com/watch?v=86cCQUFuAEA

Just because your savings bonds have reached maturity doesn't mean they aren't paying interest; some still have very attractive yields.

beneficiary

In-class assignment, with a partner, answer the following.

Personal Finances & Money Management: How to Create a Beneficiary for a Certificate of Deposit, 1:16

Why do you want to name a beneficiary?
Who might this be?


Treasury note

In-class assignment, with a partner, answer the following.

Financial Planning: What Are Note Buyers? 1:40

What are note buyers?
What do they buy?
What are the two main reasons to do so?
What does the note buyer receive?


Treasury bond

In-class assignment, with a partner, answer the following.

Bond Market: How to Buy Government Bonds, 1:34

What does Uncle Sam want?
How does the government raise money?
Where do you find Treasury bonds?


Government bonds are issued by the U.S. government to balance the money that they've spent. Find out how to buy government bonds on the U.S. Treasury Web site with help from a personal asset manager in this free video on the bond market and money management.

Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.

Treasury bill

Individual Retirement Account (IRA)

capital market

money market

primary market

secondary market

11.2 Reading Strategy

In-class assignment, with a partner, fill in the graphic.

Use the graphic organizer to identify and describe at least four financial assets.

Issues in the News Want More Interest? Meet Bond, Junk Bond


In-class assignment, with a partner, fill in the graphic.

11.2 Review

Use the graphic organizer to identify the characteristics of financial assets.

11.3 Reading Strategy

In-class assignment, with a partner, fill in the graphic.

Use the graphic organizer to describe the different stock markets.

Figure 11.7 How Much Money Will You Have at Retirement?

Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p308.swf

11.3 Review

In-class assignment, with a partner, fill in the graphic.

Use the graphic organizer to evaluate the risks and rewards of investments.

Figure 11.1 Overview of the Financial System

Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p291.swf

Figure 11.2 The Power of Compound Interest

Cf. http://glencoe.com/sites/common_assets/socialstudies/in_motion_08/epp/EPP_p293.swf

Figure 11.7 How Much Money Will You Have at Retirement?

Chapter 10: Government Spending

Chapter 10 Resources

Chapter 10: Government Spending Multiple Choice Quiz

Chapter 10: Government Spending ePuzzles and Games Column

Chapter 10: Government Spending Vocabulary eFlashcards

Chapter 10: Government Spending In Motion The Federal Budget for Fiscal Year 2007

Chapter 10: Government Spending In Motion State and Local Expenditures

Chapters 8-11

Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/

Chapter 10 Resources

Self-Check Quiz, Crossword, Vocabulary

Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter10/

Wisconsin Labor Protests - Noodles, 1:36


Spending, 6:25


Seinfeld Risk Management, 4:17

Cf. http://www.youtube.com/watch?v=laKprX-HP94

Finance Company Collector - A song protesting the current recession, 4:30


Josh Riddle and David Rufful are seniors at Dartmouth College.


Pension Tension Blues, 5:42

Lyrics: co-written by Susan Mangiero and Steven Zelin, Singing CPA.


Chapter 9 Resources

Chapter 9: Sources of Government Revenue
Multiple Choice Quiz


Cf. http://glencoe.mcgraw-hill.com/sites/0078747643/student_view0/unit3/chapter9/self-check_quizzes.html

Ch. 9 Crossword Puzzle

Chapter 9 Flashcards

Email (or hand in hard copy) to gmsmith@shanahan.org.

Thursday HW
1. p. 286, #23-25
Friday HW
1. p. 286, #26