Social Studies 30: Your Last Week of Social 30 - I Know It's Hard to Hold Back the Tears

This is our last week of classes, and we've got four days to fill in a lot of last minute information about economics.

Some important dates to remember:

Tuesday afternoon from 1:30 - 4:00 (unless you are in Religion, you can come after Religion is over) - Review class
Wednesday - I have basketball until 5, and a meeting at 7 - please let me know if you want a review session between 5-7.
Thursday - PART A of your diploma. You will be getting a free breakfast in the foods lab in the morning before it starts, be at the school by 8:30. You can leave after your diploma, but if you have classes in the afternoon, you still must go to them

Last week, we looked at all the downfalls of capitalism and what makes the system inefficient. From that we saw some of the changes that happened to alleviate the issues. For example, welfare capitalism was introduced to help prevent factory owners and employers from taking advantage of their workers and to pay them a decent wage, have safe working conditions, among other laws that were put in place to ensure all people received a Square Deal (Theodore Roosevelt). Then, we looked at how pure, un-restricted capitalism led to the Stock Market Crash in 1929. For 6 years, the government did very little to try to kick start the economy. Then, Franklin D. Roosevelt, based off of Keynes economic theory of Demand Side Economics, introduced more social programs and initiatives by the government to kick start the economy, which is what shifted the United States into a Welfare State.

This week, what we are going to look at is what are alternatives to the Welfare State and Capitalism (aka: Communism and Socialism), how the Welfare State struggled in the 1970s and the subsequent implementation of Reganomics in the United States and then a looked at two mixed economies - Canada and Sweden.

Monday: