daily business slides

1. Good Afternoon! Get your civics books,
and be ready go when the bell rings!
HOMEWORK: Finish Lesson 3 & 18.1!
Tuesday, September 24th, 2019
Agenda for the Day:
First, we’ll read and discuss lesson
18.1, on American Production, on
page 476, and do the
comprehension worksheet.
Second, we’ll be finishing Lesson 3,
finishing the videos, and stock
market definitions.
Third, if and/or when you’re finished
with lesson 3, begin lesson 4 on the
fundamentals of buying and selling
stocks. You’ll have time in class to
work on this, and you can listen to
music while you work.
Fourth, Correct lesson 17.3
Homework: Finish Lesson 3 & 18.1 by
Thursday!
6th 12:50—2:30

2. HOLT, RINEHART AND WINSTON‹#›
CIVICS IN PRACTICE
HOLT
Chapter 18
Goods and Services
Section 1: American Production
Section 2: Distributing Goods
Section 3: You the Consumer

3. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
The Main Idea
American systems of mass production have made it possible to
produce goods more efficiently, which raises the U.S.
standard of living. The American economic system has made
our economy one of the most successful in the world.
Reading Focus
 What are goods and services, and why are they important in
the economy?
 What are the main features of modern mass production?
 What is the service sector of the economy?
 How are profit, risk, and innovation related?
Section 1: American Production

4. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Main features of modern mass production:
 Machine tools—produce parts that are exactly
the same
 Interchangeable parts—easily fit with other parts
and are easily replaced
 Division of labor—specialization in each area of
production speeds the process
 Assembly line—machines and workers move
product through production stages
Section 1: American Production

5. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Changing power sources:
 Early factories used water power.
 Late 1700s—Steam power replaced water
power.
 Late 1800s—internal combustion engines;
electricity
Section 1: American Production

6. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
The profit motive drives the economy:
 Encourages people to take risks
 Encourages innovations in production and
marketing
Section 1: American Production

7. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Question: What are the main features of
modern mass production?
Three Main
Features of Mass
Production
standard
parts
division
of labor
machine
tools
SECTION 1

8. Basics of the Stock
Market
https://www.youtube.com/watch?v=ejjNMnIo3Fg

9. Stock Market
Risk
• The market that buys and sells
stocks (ownership in
companies)
• Varies- depends on your risk
tolerance and approach
• Also depends on when you buy
and when you sell
Return
• Historic return on stocks is
7.3%

10. General Tips on Stock Investing
1. Sell the Losers, Let the Winners Ride
2. Adopt a Long-Term Perspective
3. Buy Low- sell High
4. Understand your risk tolerance and emotions
5. Diversify
6. Buy only what you understand
7. Past Trends often continue
8. Avoid unethical businesses
9. Buy value, quality
10. Keep cash on hand
11. Trust low cost index funds