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Transcript

  • 1.
    • None! Fresh slate!
    Reminders
  • 2.
    • Finish Capitalism: A Love Story
    • Discuss upcoming debate - where in the house?
    • 4th Quarter Progress Reports
      • 4 grades (poker survey, poker analogy, Video viewing guide, Vodcast)
    • Discuss Poker Analogy & Grade
      • You will grade a classmate’s paper
    • Grade the Viewing Guide
      • Grade your own based on attention, effort & quality of questions
    • Submit Vodcast Assignment
    Agenda
  • 3. Govt. Role in the economy Less Involvement More Involvement Laissez-Faire Capitalism Power in Government The People The Elite
  • 4. Save and Upload Your Vodcast
    • In iMovie, click ‘share,’ then ‘export’.
    • Choose ‘mobile’ and save to your desktop.
    • Go to the assignment on edu.20 and click ‘prepare answer’
    • In the editor you will see a paperclip icon. Click this icon and then browse to your video file (it should end in .mp4v)
    • Click ‘OK’ and wait for the file to upload
    • Click ‘Save and Submit for Grading’
  • 5.  
  • 6. Distribution of Wealth
    • In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%.