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Economics - Intro to American economic history

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Middle School level econ history lecture

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The Free-Market Capitalist Economy Economics !
What is a Free Market Economy ?
The Free Market Business governed by the laws of supply and demand, not restrained by government interference, regulation or subsidy. "Laissez-Faire" Capitalism Physiocrats
The LAW OF SUPPLY The Law of Supply states that the quantity of a good supplied rises as the market price rises, and falls as the price falls
Law of Demand The Law of Demand says that the quantity of a good demanded falls as the price rises, and rises as the price falls.
Equilibrium Price The market price at which the supply of an item equals the quantity demanded .
American Capitalism: A Short History ,[object Object],[object Object],[object Object]
The U.S. Constitution ,[object Object],[object Object],[object Object]
Chief Justice John Marshall ,[object Object],[object Object],[object Object]
The Great Depression & New Deal 1933 -1941
The Era of Big Government Begins

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Economics - Intro to American economic history

  • 1. The Free-Market Capitalist Economy Economics !
  • 2. What is a Free Market Economy ?
  • 3. The Free Market Business governed by the laws of supply and demand, not restrained by government interference, regulation or subsidy. "Laissez-Faire" Capitalism Physiocrats
  • 4. The LAW OF SUPPLY The Law of Supply states that the quantity of a good supplied rises as the market price rises, and falls as the price falls
  • 5. Law of Demand The Law of Demand says that the quantity of a good demanded falls as the price rises, and rises as the price falls.
  • 6. Equilibrium Price The market price at which the supply of an item equals the quantity demanded .
  • 7.
  • 8.
  • 9.
  • 10. The Great Depression & New Deal 1933 -1941
  • 11. The Era of Big Government Begins