Lowe. Euro – worth more than the dollar China, India, and other Asian countries make goods for...

CitizenshipLowe

Economic ActivityEuro – worth more than the dollarChina, India, and other Asian countries make goods for less money than they can be made in the U.S or Europe

Manufacturing Manufacturing jobs – jobs making goodsInformation age – 21st century computers and technology use

Chisholm TrailAbilene, Wichita, Oklahoma, Ft. Worth, Waco, Austin, San Antonio to King Ranch

Tenements Small apartments

Constitution and Bill of Rights Bill of rights – first ten amendments

1. freedom of speech, religion, press, assembly (gathering) and petition.

2. right to keep and carry weapons or arms 3. protect families from military having to stay in their homes. 4. protect from searched and having things seized or taken

away 5. due process 6. right to trial by jury 7. right to civil trial by jury 8. excessive bail (bail money that the court chart to allow a

person not to go to jail while waiting for the trial. 9. just because a right is not written in the constitution doesn’t

mean a person doesn’t have the right 10. any power that federal government does not have it goes to

the state or people

Check your knowledgeWhich of the following is one of the duties of citizenship?

A. reading many booksB. visiting national parksC. voting is electionsD. watching candidates speak

C. Voting in elections

Which of the following describes “due process of the law?

A. The government follows its own lawsB. The government makes up its own lawsC. People can do what they wantD. People have to do what the government

says.

AThe government follows its own laws

Which of these is protected by the First Amendment?

A. The right to bear armsB. The right to a trial by juryC. Protection from cruel and unusual

punishmentD. The right to assemble

DThe right to assemble

The United States official motto:

E Pluribus Unum a Latin phrase means “Out of the

many, one.” (Found on American coins) Became the official motto in 1782 – “many” stands for the states and the “one” is the whole U.S.

Important Amendments 13th – slavery outlawed 14th – all people born in the U.S. equal citizens giving A.A. citizenship15th – right to vote to those over the age of 21,(AA over 21 could vote, but had to pay a tax and other test in some areas)19th – 1920 gave women right to vote24th – changing charging a poll tax to vote26th – voting age to 18

Economic Concepts

Productive CapacityThe total amount of things that a group of people can produce

Five things that improve this Resources – car, money, things to be used Technology – electricity, phone, television, computers capital goods – complex tools needed for making things like

computers for office, tractors for a farm, necessary to do business (expensive)

Specialization – to do one thing very well division of labor – use of an assembly line, different workers

are responsible for different jobs of the same product

Opportunity CostWhat is given up by doing one thing instead of another. (Use something, they gain something but give something up). Example: You only have two eggs in the refrigerator. It takes two eggs to make brownies and two eggs to make scramble eggs. If you make brownies, you can’t have scramble eggs.

Markets and pricesPrice – how much it cost and how difficult it is to getScarcity - product is hard to get, raises the prices of a productSurplus - product is easy to get, lower the price of a product

Trade and ExchangeFree market – people can trade with each other almost at any time in any way that they both agree.

Egypt does not. Voluntary exchange - people can buy what they want and sell what they wantThe more trade happens in an economy, the better the economy is. Example of trade: Georgia farmers sell their peaches to people in Oregon and Oregon farmers sell their apples to people in Georgia.

Show what you knowYour mother will let you invite seven people over for your party. There are 20 people in your class. Leaving people out will be difficult. What is the situation called? a. Scarcityb. Surplusc. Opportunity costd. Free trade

Alexa makes lemonade and sells it in her front yard for $1.00 a glass. She is participating in

A. productive capacityB. voluntary exchangeC. specializationD. division of labor

You do the dishes, your sister cleans the bathroom, and

your father folds the laundry. This is an example of

a. Productive capacityb. Free marketc. Division of labord. Opportunity cost

Answers 1. C2. B3. C