daily business slides

1. Good Afternoon! Get your civics books,
and be ready go when the bell rings!
HOMEWORK: Finish lesson 4 & 18.1!
Tuesday, March 3rd, 2020
Agenda for the Day:
1) We’ll be discussing, reading and
doing the lesson and worksheet for
18.3: American Production on
pages 475-482;
2) Turn in Lesson 3;
3) Owen & Asher’s InfoSpace
Presentations;
2) Lesson 4, Stock Market Basics!
Before we begin buying stocks on
Investopedia fundamentals of buying
and selling stocks – and begin the
Stock Market Challenge – we need
to learn the basics. Read through
and complete the tutorial, which is
due on Friday, March 6th! You’ll
have the majority of class time today
to work on this, and you can listen to
music while you work.
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