American Culture: The Economy

• Onderwijswetenschappen
• WO
• Studiejaar 1,3

American Culture 4.2

Aims

You can explain what effect business has on American Values

You can name key aspects of major turning points in the American Economy like The Great Depression, The New Deal, and Reaganomics.

What effects could WW2 have had on the American Economy?

What are the key elements in Reaganomics?

Discuss:  What do you think the quotation means? Do you agree? 

Why is business so important to Americans?

Group Work

Create an overview of the main ideas in your paragraph.

Quiz

Answer the following 10 questions about chapter 6

Most American businesses are directly of indirectly owned by the government.

1. True
2. False

Most Americans believe that business supports ideals and values that are important to the country

1. True
2. False

Americans believe that competition among businesses is good for the economy but it does little to protect the feedom of the individual

1. True
2. False

To succeed in American business, Americans believe that family background and social position are more important than anything, including hard work.

1. True
2. False

Most Americans believe that success in business offers the best chance to fulfill the dream of being wealthy

1. True
2. False

A CEO may be admired since he or she started a successful business from practically nothing.

1. True
2. False

Some US companies moved their factories overseas because they could not afford to pay the high wages.

1. True
2. False

Most American Companies pay their workers good retirement pensions.

1. True
2. False

There are many more large corporations in the US than small businesses.

1. True
2. False

Even in bad economic times, many Americans still try to start their own small business.

1. True
2. False

What did you learn today?