1. First Economic Assignment
1. Do you think a poor person can still get rich in 2014? Explain why
that is or isn’t possible
2. Which is the best way to pay off the $17 trillion debt: raise taxes,
dramatically cut spending, or both
3. Are you willing to pay higher taxes to pay off the debt that your
grandparents and parents voted for?
4. How is this graph evidence that Reconstruction failed?

2. Check out Hamilton’s plan on 204
• USA a broke, baby country
• As a group on each person’s paper: &
explain each
#5. Would you vote for his plan in 1776?
#6 How much of his plan do we have
today?
#7 If you owned a factory in Boston
would you have voted for this plan?
#8 If you were an indebted farmer in
Tennessee would you have voted for
this plan?
#9 The US did pay off its foreign debts,
how would our history be different if
they had not paid it off?

3. Thought questions:
1. Which 2 states has the most electoral votes?
2. Which 2 states have the least?

4. 1832 Electoral map

5. 1832 Election
• Democratic
• Andrew Jackson (TN)
– VP Martin Van Buren
• Whig
• Henry Clay (KY)
– VP John Sargent

6. States for simulation
• New York 7
• Pennsylvania 6
• Virginia 6
• Massachusetts 4-5
• North Carolina 3-4
• Illinois 1
• Missouri 1
• Rhode Island 1

7. • http://www.270towin.com/

8. 1832 Electoral map

9. Andrew Jackson (1767-1845)
• Hero of War of 1812
• “Indian Fighter” of Florida
• Slave owner from Tennessee
• “Old Hickory”
• Lost presidency 1824
• Returned as “Democrat” 1828
• Reelected in 1832
• Spoils system

10. Next Economic assignment
1. Why do some people keep
their money in cash
instead of at the bank?
2. Why do most people put
their money in the bank?

11. #3 OPTIC
on this
1901
$10 bill

12. Banking Simulation
Split room into ¼ s
A. Student loan borrower $10,000 – fixed rate 5%
B. Student loan borrower $10,000 – variable rate 4%
C. Student loan lender $200,000 - fixed rate 5%
D. Student loan lender $1,000,000 – variable rate 4%

13. US Central bank increases money
supply by $3 trillion

14. Congress raises taxes by 10%

15. US Central bank lowers interest rates
by 2%

16. US Central bank increases interest
rates by 5%

17. US Central bank decreases money
supply by $3 trillion

18. 1840’s and beyond
Jackson vs. 2nd bank of US
Westerners and Farmers
distrusted banks
Cheaper currency (inflation)
Easterners wanted stronger
banking rules
Stronger currency (stability)

19. Government
created
inflation
• 1770’s – pay
the
Continental
Army
• 1860’s CSA $$
• 2010’s $3
Trillion new
$$

20. What happens today?
Pull out your $$$

21. Who regulates the banks today?
• “The Fed”
• 1913
• SF Earthquake
1906
• “Panic of 1907”

22. The Fed’s structure

23. The Federal Reserve System
The Federal Reserve Banks
u The New York Fed implements
some of the Fed’s most important
policy decisions.

24. Why is the Chairman of the Fed sometimes
thought of as the “second most powerful
person in the US”?
• Monetary change::
increases interest rates
• Effect:
• Monetary change:
decreases interest rates
• Effect:

25. Page 261
• # 2 & 3

26. Next Assignment
1. Summarize the plot of the “Wizard of Oz”
2. Why do you think our money has value?

27. 2001 $20

28. 1920’s $20

29. The Wizard of OZ
• Frank Baum 1900
• Election of 1896 – page 474
• Ruby Slippers actually silver
• Yellow Brick Road = Gold
• Wicked Witch of East =
Bankers/Industry
• Glenda of West = Farmers
• Dorothy = American people

30. Money Supply
• 5 items more expensive than when you were
younger
• 5 items cheaper than when you were younger

31. Money Supply
• Inflation: prices rising
• Good for….
• Bad for…
• Deflation: prices decreasing
• Good for…
• Bad for…

32. Money Supply
• Gold Standard
• “Free Silver”
• Greenbacks: fiat currency

34. 1896 William Jennings Bryan

35. 1896 Election
vs

36. 1896 Election page 474

38. Election of 1896 Questions Chapter 15
3 Contrast William Jennings Bryan and William
McKinley’s campaigns
4. Explain how this election was actually about the
money supply of the US
5. Why did the Midwest and southern voters support
Bryan?
6. Analyze this election. Why did McKinley win?
7. Explain how you would you vote for in 1896.
8. Predict who the voters of Arizona would have
supported in 1896? (AZ economy based on
mining)
9. Compare this election to the election in 2016.

39. Next Assignment
1. Was Andrew Carnegie born wealthy?
2. How did he become a billionaire?

40. “Titans of Industry”
• 10 “tweets”
• Born, died
• 1 picture that represents their life
• What industries or industry were they part of?
• How did this person help the United States
• What lessons can you learn from this person’s life?

42. Henry Clay Frick
1870 – Dropped out of college, waste of my time
1880 – Got a loan from A. Mellon, now I have my
own steel co.!
1881 – Merged my co. w/US Steel, Carnegie is one
cool dude
1885 – Makin’ mad skrilla in da steel trade
1889 – Survived Johnstown flood. Going to sue the
city of Pittsburgh
1892 - @ AFL Go home strikers you’re fired!
7/5/1892 – Had private agents shoot and disperse
union strike at Homestead factory. Good day for
management
7/23/1893 – Anarchists tried to kill me, but failed!
Thx Pittsburgh PD!
1906 – My attempted assassin was freed from
prison
1910 – Decided to leave my big baller art collection
to charity
 (1849-1919)
 Industry: Steel & Mining
 Helped USA: Major investor
in other businesses. Ended
Homestead Strike
 Lesson for students: Be
careful not to be too
ruthless in business. 2.
Donate your art collection
and be remembered
forever

43. 1. Why is being a firefighter a dangerous job?
2. Why is working at a factory a dangerous job?

44. Late 1880’s
• Largest industries in US?

45. Jobs in the 1880’s-1910’s
• Work was different
• 6 day work week
• No overtime rules
(10-12 hour days)
• No workers’
compensation
• No holiday pay
• No benefits
• No discrimination
rules

46. Union vocabulary
• To organize
• Labor contract
• Strike
• Lockout

47. Simpsons Unionization questions
1. What type of union is Homer a member of?
2. What does Mr. Burns remove from the labor
contract?
3. What is management’s view of the employees?
4. How does Homer’s union achieve their goals?
5. Why do you think firefighters and police officers
have stronger unions than software
programmers?
6. Do unions still have a place in modern US
society?

48. Andrew Carnegie
John D. Rockefeller
Cornelius Vanderbilt
Leland Stanford
James J. Hill
Jay Gould
J. P. Morgan
Samuel Gompers
Alexander Graham Bell
Thomas Edison
Andrew Carnegie
John D. Rockefeller
Cornelius Vanderbilt
Leland Stanford
James J. Hill
Jay Gould
J. P. Morgan
Samuel Gompers
Alexander Graham Bell
Thomas Edison

49. 1. Who is the first member of your family to have
moved to Arizona? (That you know of)
2. Why did they move here?

50. Page 386
• “Boomtowns”

51. Mining & Ranching Game
• Chapter 14
• In your groups, write 5 good history questions
• You will get to ask 3 of them to the class
• Group with the most correct answers wins 5
points of extra credit
Mining &
Ranching in the
American West

52. Rosemont Copper Mine
• 3 paragraph persuasive letter to AZ Daily Star either
supporting or opposing the new copper mine
• Each paragraph should address one reason of support or
opposition