economicsand socialclass
TRANSCRIPT
Economics
What is economics?
• Economics studies how things are made, sold, and bought.
• Economics is about money AND business.
• Economics is part of your life every day.
A Good Economy
• Economy is very similar to economics.
• A good economy: when people can get (buy) the things they need easily because they have good jobs.
Important Parts of a Good Economy
• 1) People can find jobs. • 2) People are paid well
at their jobs. • 3) People can buy things
they need. • 4) Cost of living is good.
What is cost of living?
• Cost of living is how much it costs for the basic things you need to live:
• 1) Food• 2) Clothing• 3) Shelter
Cost of Living and the Economy
• When the cost of living is too high, people cannot pay for their house, food, clothing or anything else they need.
• When the economy is good, the cost of living is good. People can buy what they need and it’s not too expensive.
Slavery and the U.S. Economy
• Slaves worked very hard for no money.
• This helped the economy in the South because slave-owners could sell cotton, tobacco and sugar and not pay their slaves.
• However, slavery was very terrible for the slaves and was wrong.
• Although it helped the economy, if slaves were free and able to have jobs that would help the economy also.
• Why else would it be good? (*happy workers)
Social Classes
What is social class?
• Social class is how people are put into different groups in society.
• Usually, social classes involve:
• Money• Job• Education
Money and Social Class
• People can be put into social class groups because of how much money they have.
• Usually, these social class groups are:
• 1) Upper class• 2) Middle class• 3) Lower class
Job and Social Class
• People can be grouped into social classes because of their job.
• Some people may think a job is better and more important than others.
• Also, certain jobs make more money.
• Can you think of any examples?
Education and Social Class
• People can be put into social classes because of how much education they have.
• Some people believe the more education you have, the smarter and better you are.
• What do you think?
Social Class and Huck Finn
• How do you think slaves fit into social classes in America in “Huck Finn?”
• Why?• Do you think this was
good or bad?