CHAPTER 4 DISCUSSION QUESTIONS1) In 1933, FDR created the New Deal, aimed to strengthengovernments control of what?2) What American corporation provided the Nazis withtabulation machines used by them to track records in theirextermination & slave-labor camps?3) What was passed by Congress in 1952 to ensure coal minesafety?4)What does MSHA stand for?5) In the mid-1970s the Supreme Court extended FirstAmendment constitutional protection to corporate financingof what?
IN AMERICA’S ECONOMY, WHO HOLDS THE MOST POWER?THE CONSUMER
CONSUMERISM“A SOCIAL & ECONOMIC PRINCIPLE THAT IS BASED ON THESYSTEMATIC CREATION & FOSTERING OF A DESIRE TO PURCHASEGOODS/SERVICES.”*CORPORATIONS MAKE THEIR LARGE PROFITS BY CREATING &FOSTERING A DESIRE FOR CONSUMERS TO PURCHASE MATERIALITEMS RATHER THAN NECESSITIES.MATERIALISM:-IN PHILOSOPHY: “THE THEORY THAT PHYSICAL MATTER IS THEONLY REALITY.”-IN BUSINESS: “THE THEORY THAT WORLDLY POSSESSIONSCONSTITUTE THE GREATEST GOOD & HIGHEST VALUE IN LIFE.”
American consumerism has seen a shift away from values ofcommunity, spirituality, and integrity, and towardcompetition, materialism and disconnection.
MONITORING THE FUTURE SURVEY-AN ONGOING STUDY OF THE BEHAVIORS OF ADOLESCENTS & TEENSTHAT STARTED IN THE MID-1970’S-MATERIALISM IS AT HISTORICALLY HIGH LEVELS IN THE 2000’S-IMPORTANT TO HAVE A LOT OF MONEY?-48% 1976-78-62% 2005-07-DON’T WANT TO WORK HARD FOR MONEY?-25% 1970’S-39% MID-2000’S
MATERIALISM & EDUCATION•PRE-1990’S: THE MOST FREQUENT REASONS FORATTENDING COLLEGE GIVEN BY STUDENTS WERE:-BECOMING AN AUTHORITY IN A FIELD-HELPING OTHERS IN DIFFICULTY•1990’S-PRESENT: THE MOST FREQUENT REASON FORATTENDING COLLEGE GIVEN BY STUDENTS IS:-MAKING A LOT OF MONEY