Review material and study guide for the Money and Banking Test - Nov. 17th

Check out Big Ben Bernanke talking about the FED and Texas Bill speaking about the characteristics and types of money.

Money and Banking

Study Guide for the Big Test

You have a Big Test on Wednesday, November 17th. Here is a summary of the information we have learned. You will also see what documents you have that will help you study.

Case study of Sarah Peters and her debt problems.
do you remember the questions from our online review quiz?

-Why can credit card debt be bad?
Chapter 8 in the Economics Workbook – MONEY
-there will be questions from this reading and the homework assignment
Foreign Exchange Rates
- how well do you understand how foreign exchange rates are determined? Can you explain? See notes you wrote about this…

Inflation
-Review the handouts – What is inflation? Why does it happen?
-How well do you understand how inflation works?
Financial Institutions
-The BANKS notes from class will help

-The The World of Banking homework will help you here

- Be A Better Banker will help you too


The Federal Reserve Banking System (The FED
-Use your Fed Video Notes to help you study
-Use the Fed WEB Questions handout to help you study

-There will be many questions concerning the FED on this Big TEST!!
Recession

-Review handout – what is recession? Why does it happen?

-How well do you understand how recession works?

Here are some things to review and know for the Big Test. Be sure you UNDERSTAND them – don’t just memorize.
1. Sarah’s problems and solutions in the Case Study.
2. What is money? Why do we use money? (the reasons given in class)
3. What makes up the money supply?
4. The Characteristics of Money – this is what you hope your money is like – 4 characteristics—this will actually be a good essay question.
5. What are the three types of money? What are the types of money in use today? Explain and give examples
6. Identify various forms of money in the past and give reasons why they would not be good forms of money today.
7. Are Credit Cards part of the money supply? Explain why or why not….
8. What is the FED?
9. Who is the head of the FED?
10. What is the FED’s essential mission?
11. What are the 3 main responsibilities the FED has to help it carry out its essential mission?
12. In your own words, what is monetary policy?
13. What are 3 goals of the FED’s monetary policy?
14. Who does inflation hurt and how can it hurt us? (You had 4 examples)
15. Be prepared for questions that test your thinking ability. Some examples will be: if the FED/Government wants to encourage people to spend more or try to avoid a recession what could it do? If the FED wants to avoid inflation or it wants to try to slow down spending in the economy, what could it do?
16. What is the FED’s role as a Bank Supervisor?
17. KNOW some of the history of money and banking in our country (Review the FED Today video notes and the FED WEB Questions handout)
18. Give some examples of the financial services the FED offers our nation’s financial institutions (banks).
19. What are the three types of Financial Institutions found in this country? (notes from Banks power point)
20. Why don’t we just print up more money to pay off our national debts or to just give more money to everybody? EXPLAIN WHY!!!! YOU WILL HAVE TO ON YOUR BIG TEST!
21. Our paper currency is called a ______________ _______________ __________.
22. You will have some questions in which you will need a calculator. Be prepared to figure out an exchange rate question. There will also be a question that deals with interests rates at banks.
23. EXPLAIN how do banks make their money or “profit”?
24. What is purchasing or buying power?
25. Why do Money Markets and Certificates of Deposit, or CD’s, pay more interest than traditional savings accounts?
26. Why are checking accounts in banks so important?
27. There will be a number of true and false that deal with all these subjects.
28. What is inflation? (from discussions in class) MUY IMPORTANTE!
29. What is a recession? (from discussions in class) MUY IMPORTANTE!
30. How are foreign exchange rates determined? (3 things we learned from the class activity)
31. Where are foreign exchange rates decided?
32. WHY ARE LOANS SO IMPORTANT? What do we do with loans? What about access to loans/credit? Think about everything we talked about with Kiva
33. What is credit?
34. What is a credit score?
35. What is credit history?
36. What are the 8 things you should know about credit cards?

Study Guide for the Stock Markets and Investing Test - Friday, Oct. 8th

STudy Guide for the Quiz is below:
Introduction to Investing and the Stock Markets

ANY GREEN ITEMS MEANS IT WAS RECENTLY ADDED.
Quiz Study Helper
These items will help you prepare for the quiz:

•Uncle Mort’s Money article
•Building a Fortune – Joe Becherer article
•Strategies for Stock Selection article (How to Pick a Stock)
•Chapter 8 in your Econ book (incl. the case study – the foundation for every unit in class
•Stocks and Bonds (p131-136 in Econ book) homework
The World of Mutual Funds homework (p137-142 in the econ book)
•Compound Interest homework (double your money)
•How to read a stock page/stock quote practice questions
•True and False Quiz Activity Q & A (remember the signs you held up?
•Handy Dandy Stock Guide (How to read a stock page/stock quote)
Practice Online Quizzes!

Major Stock Concepts to know and know well:

 What is speculating?

 Why do people invest?

 Who is your new best friend? How does he work for you?

 What does it mean to own stock?

 How do you know what stock to pick? (what are the strategies of choosing a company to invest in? (we had 7-8 on the board)

 How do you read a stock table or aN online stock Quote?

 What does it mean to sell short?

 What is a stock split?

 Why do corporations issue stock?

 Why don’t you keep your life savings in a mattress in your home?

 When is a good time to begin investing in yourself?

 What are the three largest stock exchanges in the United States?

What are commodities?

What is the DOW? What is it's purpose? Who created it? When?

What are Mutual Funds? What are Index Funds? Look at the homework on Mutual Funds - all of those questions are fair game...


READ BELOW:
Make sure you can answer the questions above, thoroughly! If you can’t ask Mr. M!

Do you know how to answer questions using a stock page? If you don’t, see Mr. M asap!!! If you need more practice I can help you.
In the articles (and case study) above, think about the big ideas that I wanted you to get from these readings. If you are not sure, ask!

STOCKS AND BONDS with TEXAS BILL

Study Guide and Study Aids for the Test on Wed. September 22nd

Here is the study guide for the Test on Wednesday, September 22nd

Introduction to Economics and Economic Systems

What will help you prepare?

• Chapters 1 and 2 from the Economics book.
• The Free Market reading handed out in class (will be in your reading section in the binder)
• ALL NOTES taken in class On Loose Leaf paper in your notes section
• No Such Thing As a Free Lunch - Basic Economic Concepts notes
• No Such Thing As a Free Lunch - Factors of Production and the 4 economic questions notes
• Life Examples of Opportunity Cost Questions (done in class) - remember? Business flyers vs. Vacationers?
• Trade Activity notes
• Karl Marx notes
• Homework - Intro to Economics Lesson #1 homework
• Homework - The Economic Systems homework (p 24-33)
• Homework - Inuit People - A Traditional Economy in Transition
• Class activities – Feudal M&M’s, Standing in Lines (Command), Zapitalism, Fishing Experiment (Tragedy of the Commons) Adam Smith play
• Reading - Maasai Reading - A Traditional Economy
• Reading - Growing up in a Command Economy - Memories from Childhood

Concepts to Understand

Scarcity,  Profit,  trade,  Opportunity Cost,  Feudalism,   Incentive
Goods,  cost  benefit, Markets, Macroeconomics
Services, Competition, Wants vs. Needs, Profit motive,
Microeconomics, Entrepreneur, Traditional Economic System,
Free Market Economic System, Command Economic System, Bourgeoisie vs. Proletariat
Tragedy of the Commons

• know from class these definitions (found in looseleaf notes): Economics and Economic System, Scarcity
• The Economic Systems of today - Command, Traditional, Free Market

Here are some items to help you prepare – if you know these really well – you should be in good shape.

1. What did ADAM SMITH believe in – explain what he believed then…(what was the title of his famous book) - in loose leaf notes, right?

2. What are the three economic systems of the world today?
     -Be able to describe these
     -Know their characteristics
     -Be able to use examples we used from class...

Expect some questions about Joseph Lekuton (Maasai)and the Romanian girl (Growing Up In A Command Economy) from our readings.

3. List AS MANY important economic freedoms that were available to you while playing the Zapitalism simulation…

4. What if instead of playing Zapitalism we had played an economic simulation called Zommandism? Yes, this would have been very boring but give me two reasons why. Just think about it, it isn’t hard to figure this one out.

5. We spent some time looking at Feudalism – it was most like which economic system of today? (most like which of the three we learned) -

6. (Zapitalism related question) You have purchased many new entertainment systems for your electronics department. The demand for these items is high. However, you find that hardly any of them are being sold.

a. What could be the problem? (hint: it isn’t the quality)

b. What could be your solution?

7. (Zapitalism related question) You have purchased enough Ballentine Bowling Balls to fill your store. You are the only retailer in town to stock this wonderful yet exciting new item. What will you most likely do?

8. Who was Karl Marx?
     -What were his economic and political beliefs?
     -Did he write any books explaining his ideas? What did he believe - perhaps make a list/bullet point

9. Are you able to list the Factors of Production and/or the 4 Basic Economic Questions

11. Are you able to list the 6 Characteristics of a Free Market economy? Can you describe each?

12. Why was the Paper Airplane Challenge such a good activity to introduce and teach the characteristics of the Free Market System?

13. PLEASE EXPECT questions from the first quiz you took this year -

14. What is competition and how does it benefit us?

15. What is Profit Motive and why is it so important?

16. What is the Tragedy of the Commons? What does it have to do with private property?

This quiz will have short answer, fill-in-the-blank, multiple choice, and essay questions.

Quiz Review for the Intro to Economics Quiz for Friday, Sept. 3rd

An Introduction to Economics quiz is scheduled for Friday, September 3rd. On this page you will find a study/review guide and, also, some practice questions to help you review for the quiz. See Mr.M to check your answers.

Review Guide - these topics will be on the quiz:
Opportunity Cost
Scarcity
Goods and Services
Choices and Costs/Consequences
Wants and Needs
Micro and Macro Economics
The Productive Resources (Factors of Production)
4 Basic Economic Questions
Trade, What is it? Why Trade? Cost - Benefit Analysis

Sample Questions:

Practice Quiz

Natural resources come from the Earth. They fall into two categories these are:

a.

b.

What is the 4th resource – people that create new ideas for things and start new businesses?





Please list the other three factors of production.

a.

b.

c.

What are the 4 basic economic questions?





This is the study of an overall economy. It gives the BIG picture with what is happening with an economy.


This is the study of decisions made by people and businesses in an economy? It gives the details of what happens in an economy – think of a MICROSCOPE -


What are goods?



What are services?


Quantum industries decide to produce ultra-light widget thingies. They will produce these new items at their factories on the moon using resources from both the earth and moon. Teenagers love to play with ultra-light widget thingies! What question does Quantum fail to answer?





Opportunity Cost Questions:

Fred is in the mood to purchase a new car. He can spend about $18,000. There are two cars that interest Fred. The Chevy Camaro, used, is a sporty looking machine. The Nissan Maxima appears to be a very practical car. Fred peels out of the parking lot in his new fire engine red Camaro. What is his opportunity cost?





Belinda Sue has a wide-open Saturday in front of her. The phone rings and a friend invites her to a barbeque. Ten minutes later, a buddy stops by and asks if she would like to go on a bike ride. Belinda Sue chooses to spend most of the day working in her yard and garden. What is her opportunity cost?





John Dillinger decides he will visit his ailing Grandfather in the retirement home today before leaving on an extended vacation early the next morning. He has not visited his Grandpa in seven months. On the way, he runs into a friend who promptly invites him to a free lunch. By the time lunch is done, visiting hours at the retirement home are over. What is John’s opportunity cost?





Which of these is a renewable resource?

• Oil, natural gas, gold, water

Please give another name for human resources?


What is the #1 Capital resource?


What are the two categories of human labor?



What is the 4th resource – people that create new ideas for things and start new businesses?



For every choice we make, we have given up something else. This is known as _____________________________ ________________.


The Productive Resources are also known as the ______________________ of ___________________________.


Mr. Jacobs looks into his pocket and finds only a few bucks. . He can't make up his mind between buying his lunch or a fossilized skull of a triceratops. Mr. Jacobs is having a hard time deciding between his ____________________and _____________________.
People make choices that are ______________________________________. (complete the sentence)

Study Guide for the American History Final Test - Creating a New Nation

Creating a New Nation!

Study Guide

Study Aids – these items will help you prepare for your last Big Test.



Important Notes/Information

*Roots of Representative Government

*The French and Indian War

*The Road to Revolution (Causes of the American Revolution) 3 page handout.

*The Colonies Move Toward Independence

*Common Sense handout

*Analyzing the Declaration of Independence – handout

*Revolutionary War notes packet handout – the notes we took from the Liberty series

*DIPITY timelines you made in class – these will help!

Homework Information

*French and Indian War homework

*Tighter Control and Earlier Colonial Protests homework

*Declaring Independence homework

*Bloody Butchery reading



The History Book

The following pages will help you in your preparation: Pages 141-215.



The Final Unit of the year was presented in 3 stages:



Part 1 – Setting the Stage for Independence



The American’s sense of “rights” came from where?

What were some of these “rights”?

What was challenging for Parliament when it came to governing its American provinces?

Can you explain the policy of “Benign Neglect”? (also called Salutary Neglect) (Healthy Neglect)

How did the colonial governments work? (think of that diagram – on the Roots of Rep Gov notes)



The French and Indian War (The War that Made America)

• When did this happen? (timeframe)

• What were the causes?

• What were the important outcomes? – Or results of the war?

• Why will this war be a future cause of friction between England and her colonies?



Part 2 – The Road to Revolution! (Acts and Events leading to war)



After the French and Indian War – what two problems did Britain face in America?



Timeline and Sequencing - You will need to know all of the causes and events (we discussed) leading up to the American Revolution. You will need to understand what they were, why they happened, when they happened and the response to each by either the British or Colonists. (Use your Road to Revolution document and the Dipity.com timelines!



The Proclamation of 1763

The Sugar Act of 1764

The Stamp Act of 1765

The Sons of Liberty form (1765)

The Quartering Act of 1765 (and 1774)

The Declaratory Act of 1766

The Townshend Acts of 1767

British Troops are sent to Boston (1768)

The Boston Massacre of 1770 (March 5th)

The Tea Act of 1773

The Boston Tea Party of 1773 (December 16th)

The Coercive Acts of 1774 (called Intolerable by the colonies)

The Continental Congress of 1774 (The FIRST meeting)

Lexington and Concord of 1775 (April 19th)

What is the meaning of the, “Shot Heard ‘Round the World?” (We discussed this in class)



Part 3 – The War for Independence (The American Revolution)



Common Sense by Thomas Paine

What is the importance of this historical document? Explain

What are some of the key points (look at your handout)



The American Crisis by Thomas Paine

Okay, what is this document all about – what is its importance?

What does Paine say here? What is his point?



The Declaration of Independence

-What are the five sections of the D.O. I.? (How is it organized – it’s structure – format)

-What does it say?

According to the Declaration of Independence, what unalienable rights do all men possess?

According to the D.O.I, why are governments instituted among men?

According to the D.O.I., from where or from whom do governments get their power?

According to the D.O.I., what can people do if the government abuses its power?



-other info about the D.O.I. is possible (anything discussed in class, hopefully you were listening)



The 2nd Continental Congress

-What were its major accomplishments?







The War in New England (1775 – early 1776)



What is British strategy at this time (early in the war)?

What ultimately happens?

The Battle of Bunker Hill (June 17th, 1775) and the lesson of Holding the HIGH GROUND…

What is the state of the American “army” camped outside Boston (after Lexington and Concord)?

What does Gen. George Washington think of his “army”?

Is Washington a unanimous choice? Explain…

Are the Colonists united in their thoughts and desires in Congress? Explain…

What is the “Olive Branch” Petition? What does it ask for? What is King George III response?





The War in the Middle Colonies (1776-1778)



What is British strategy at this time? What is their goal at this stage of the war?

The Battle of Long Island (1776) – what happens?

The Battles of Trenton and Princeton (1776 – 1777) – what happens?

-Know importance of Washington’s Crossing of the Delaware

The Battle of Saratoga (1777) – what happens?

-why is this considered the turning point of the war?



The War in the Southern Colonies (1778-1781)



What is British strategy at this final stage of the war?

What’s up with the French army in America?

The Battle of Yorktown – what happens?

-How are the British trapped at Yorktown – what was American and French strategy?



Final Thoughts and Questions:



*Why do Historians say the American Revolution was the first "modern revolution"?

*How did the revolution touch off an "Age of Revolution"? cite examples

*Take a moment and explain the three fundamentals that the Americans were fighting for.

*What four issues of enduring interest are raised in this war?

*How does the American Revolution become a war that changes social thought?

-Gentry vs. Common person

-Hereditary titles vs. Merit and Virtue

COLONIAL AMERICA TEST REVIEW PAGE!

Please visit the Colonial America Review Page! It is a separate site!

Study Aids for the Great Age of Exploration test

Take my online quiz

Study Guide for the Age of Exploration Test - Friday, March 12th!!!!

The Age of Exploration

Study Guide - 2010

How and Why the Great Age of Exploration Began

(Great Age of Exploration power point, Chap 1 Section 4)

I am looking for you to be able to discuss how the following all contributed to the start of the Great Age of Exploration

• The Decline of Feudalism
• The Renaissance
• The Crusades
• Revival of Towns of Trade

Christopher Columbus – Hero or Villain?

(Chap 1 Section 5)
Do you know the good and bad perceptions of Columbus? Why should we still teach about Columbus?

Explorers and Conquistadors

(The Explorers and Conquistadors Charts you completed in class from our EXPLORERS CONVENTION, the Readings from all three sections we covered in this unit from your book – Chap 1 sec 5, Chap 2 sec 1, and Chap 2 sec 2- )

You need to be able to explain why they are remembered today, what is their ‘Claim to Fame”?

Important Questions and Terms to Know

(All homeworks, Notes in class, and any other possible handouts in class)

In the 15th century – what did Europeans really know about world geography? (Think of the Behaim globe).

Who was Zheng He? Where did he go? Why have we not heard of him until recently?

What was the Northwest Passage? What role did it play in having Europeans come over to America?

The Caravel – what made is so useful to explore the “Sea of Darkness”?

The Treaty of Tordesillas (1494) – What were the conditions of this treaty? Why was it so unrealistic?

Importance of the printing press- Who invented it? What is it so important?

The Spanish Empire in the New World – Chap 2 Sec 3 – make sure you know this

The Columbian Exchange? What is this? Explain the positive and negative effects

Encomienda? What is this?

Treatment of Native Americans – how were they treated? Remember the account of Bartolomeau de las Casas

What led to the revival of trade and towns?

How did the Italian city-states of Genoa and Venice come to control European trade with Asia?

Why was Prince Henry eager to find an all-water route to Asia? – look in notes

What was Christopher Columbus really looking for?

How did Spain succeed in conquering so much of the Americas? (Think of the 4 reasons)

What were the four levels of Spanish society in the New World?

What were some of the main crops grown on colonial plantations?

Other Vocab to know

Missionary, conquistador, encomienda, circumnavigate, manor system, caravel

Class notes, readings from the textbook, and homework assignments will help you prepare – in a big way!!

Pre Columbian America History Test is Friday, February 19th

Here you will find the study guide for the Pre Columbia Test as well as other study aids.

Pre-Columbian America Quiz

Study Guide 2010

Items you will need:

• class notes that you wrote into your binder
• The Bering Land Bridge Theory (Clovis First) notes handed out and completed by you in class
• Anasazi Virtual tour homework/notes
• homework assignment - Before the United States (pages 27-29 in your book included)
• New Ideas on the Migrations of Early Peoples in ancient America homework
• Journey to Cahokia quiz
   Iroquois Confederacy: A Model Government handout (it was 3 pages)
   The Iroquois Confederacy homework questions
• Your brain.

Migration of early peoples to North America

a. Explain the Bering Land Bridge or Clovis First theory. Try to outline it in bullet points so what you are saying is clear and happens chronologically (in order of what happened in time). What two important pieces of information did I give you that support a migration over Beringia?
b. Where does Kennewick Man fit in to all of this? What was so different about him? Why is this important and a problem in regards to the Bering Land Bridge Theory?
c. What is the Native American point of view? Where do they believe they came from?
d. Other Migration Theories - Using the Migration Theories homework - what are some of the other new ideas about migrating? Be sure to cite examples that support these ideas.

Were there any ancient civilizations in Pre Columbian America?

The Anasazi (Cliff Dwellers)
a. There will be questions from the Anasazi notes/homework you had from the virtual tour
b. Anasazi Cliff homes and cities - what two functions did building in cliff walls have for the Anasazi? Explain these please.
c. Where is the Four Corners area of the United States? (can you identify the states?)
d. What is this?
e. What happened to the Anasazi?


The Mound Builders (the video on Cahokia will help you remember here)

• What is Cahokia? What is so special about this place? Where is it?

• Where were the mound building cultures of long ago located?

• What were the different types of mounds built?

• How do we define a civilization? (What are the five characteristics we learned)

• What did you learn about the Ocmulgee Mounds in Georgia?

• What state has more mounds than any other?

• Which groups of people/culture are associated with the mound building culture?

The Iroquois Confederacy

What made the Iroquois Confederacy a representative democracy?


a.

b.
Why were democratic ideas foreign (or unusual) to Europeans at the time of contact with the Iroquois?
What was the Great Law of Peace?
Explain its TWO goals:
1.
2.
The Iroquois had no written language, so how did anyone understand the Great Law of Peace – good grief it was 117 sections long!

Throughout world history women have had little power in virtually any society. How was this different in the Iroquois society?

a.
b.

What similarities are there between how the Iroquois ran their government (Think of the Grand Council of Peace) and what we do in our government today?
a.

b.

Name the tribes of the League (The Six Nations)?

Geography of the United States
There may be questions regarding the political and physical geography of the United States.


Other possible questions
• What happened to the Bering Land Bridge?

• What is meant by Pre-Columbian?

• Primary and Secondary Sources – What are these? Can you define them? Are you able to give examples?

• There will be questions from the Journey to Cahokia story and maybe your stories....

• What is an archaeologist? What is the meaning of the word "migration"?
Voicethread for the Great Law of Peace


Voicethread for the Migration Theories