20190924b
- 1. Good Afternoon! Get your civics books, and be ready go when the bell rings! HOMEWORK: Finish Lesson 3 & 18.1! Tuesday, September 24th, 2019 Agenda for the Day: First, weāll read and discuss lesson 18.1, on American Production, on page 476, and do the comprehension worksheet. Second, weāll be finishing Lesson 3, finishing the videos, and stock market definitions. Third, if and/or when youāre finished with lesson 3, begin lesson 4 on the fundamentals of buying and selling stocks. Youāll have time in class to work on this, and you can listen to music while you work. Fourth, Correct lesson 17.3 Homework: Finish Lesson 3 & 18.1 by Thursday! 6th 12:50ā2:30
- 2. HOLT, RINEHART AND WINSTONā¹#āŗ CIVICS IN PRACTICE HOLT Chapter 18 Goods and Services Section 1: American Production Section 2: Distributing Goods Section 3: You the Consumer
- 3. CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTONā¹#āŗ The Main Idea American systems of mass production have made it possible to produce goods more efficiently, which raises the U.S. standard of living. The American economic system has made our economy one of the most successful in the world. Reading Focus ļµ What are goods and services, and why are they important in the economy? ļµ What are the main features of modern mass production? ļµ What is the service sector of the economy? ļµ How are profit, risk, and innovation related? Section 1: American Production
- 4. CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTONā¹#āŗ Main features of modern mass production: ļµ Machine toolsāproduce parts that are exactly the same ļµ Interchangeable partsāeasily fit with other parts and are easily replaced ļµ Division of laborāspecialization in each area of production speeds the process ļµ Assembly lineāmachines and workers move product through production stages Section 1: American Production
- 5. CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTONā¹#āŗ Changing power sources: ļµ Early factories used water power. ļµ Late 1700sāSteam power replaced water power. ļµ Late 1800sāinternal combustion engines; electricity Section 1: American Production
- 6. CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTONā¹#āŗ The profit motive drives the economy: ļµ Encourages people to take risks ļµ Encourages innovations in production and marketing Section 1: American Production
- 7. CIVICS IN PRACTICE HOLT HOLT, RINEHART AND WINSTONā¹#āŗ Question: What are the main features of modern mass production? Three Main Features of Mass Production standard parts division of labor machine tools SECTION 1
- 8. Basics of the Stock Market https://www.youtube.com/watch?v=ejjNMnIo3Fg
- 9. Stock Market Risk ā¢ The market that buys and sells stocks (ownership in companies) ā¢ Varies- depends on your risk tolerance and approach ā¢ Also depends on when you buy and when you sell Return ā¢ Historic return on stocks is 7.3%
- 10. General Tips on Stock Investing 1. Sell the Losers, Let the Winners Ride 2. Adopt a Long-Term Perspective 3. Buy Low- sell High 4. Understand your risk tolerance and emotions 5. Diversify 6. Buy only what you understand 7. Past Trends often continue 8. Avoid unethical businesses 9. Buy value, quality 10. Keep cash on hand 11. Trust low cost index funds
Editor's Notes
- #3: 9/24/2019