1. The document discusses how the concept of "keeping up with the Joneses" and arms races contributed to World War 1. It instructs students to take notes on how the industrial revolution enabled arms races between European powers and how this escalating military spending ultimately led to World War 1. 2. Students are asked to graph military spending data, define an arms race, draw connections to keeping up with neighbors, and predict which countries would lose in a European war. 3. The document provides guidance for an assignment analyzing the links between arms races, nationalism, and the outbreak of World War 1.