What is economics? <br />Economics studies how things are made, sold, and bought.<br />Economics is about money AND business. <br />Economics is part of your life every day. <br />
A Good Economy <br />Economy is very similar to economics. <br />A good economy: when people can get (buy) the things they need easily because they have good jobs. <br />
Important Parts of a Good Economy<br />1) People can find jobs. <br />2) People are paid well at their jobs. <br />3) People can buy things they need. <br />4) Cost of living is good. <br />
What is cost of living? <br />Cost of living is how much it costs for the basic things you need to live:<br />1) Food<br />2) Clothing<br />3) Shelter<br />
Cost of Living and the Economy<br />When the cost of living is too high, people cannot pay for their house, food, clothing or anything else they need. <br />When the economy is good, the cost of living is good. People can buy what they need and it’s not too expensive. <br />
Slavery and the U.S. Economy<br />Slaves worked very hard for no money. <br />This helped the economy in the South because slave-owners could sell cotton, tobacco and sugar and not pay their slaves.<br />
However, slavery was very terrible for the slaves and was wrong. <br />Although it helped the economy, if slaves were free and able to have jobs that would help the economy also. <br />Why else would it be good? (*happy workers)<br />
What is social class? <br />Social class is how people are put into different groups in society. <br />Usually, social classes involve: <br />Money<br />Job<br />Education<br />
Money and Social Class<br />People can be put into social class groups because of how much money they have. <br />Usually, these social class groups are:<br />1) Upper class<br />2) Middle class<br />3) Lower class<br />
Job and Social Class<br />People can be grouped into social classes because of their job. <br />Some people may think a job is better and more important than others. <br />Also, certain jobs make more money. <br />Can you think of any examples? <br />
Education and Social Class<br />People can be put into social classes because of how much education they have. <br />Some people believe the more education you have, the smarter and better you are. <br />What do you think? <br />
Social Class and Huck Finn<br />How do you think slaves fit into social classes in America in “Huck Finn?”<br />Why?<br />Do you think this was good or bad? <br />
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