Bell ringer: Get out your graphic organizer from yesterday Be ready to go when the bell rings.

Bell ringer: Show Me the Evidence Complete the first two columns.

Canadian vs. U.S. economy They differ in some ways. Businesses are less regulated in the U.S. than in Canada. Canada’s government plays a larger role by owning some businesses and providing health care for all citizens. The economies of both countries have changed drastically over the past 150 years.

Let’s popcorn read.. “The Economy of the Past” Pg. 120-121 2-3 sentences each

Timeline Early 1800’s Mid 1800’s 1870’s – 1950’s 1950’s - present

The Information Economy

Global Recession In 2007, the economy faced a recession, or a slowdown in economic growth. Lending practices from earlier in the decade led banks to grant large loans to consumers and businesses (that these groups could not pay back). The U.S. ended its recession (6 consecutive months of economic growth) in early 2009.

Video Quick Write: Financial Recession of 2007-2008

Oil Supply and Demand The U.S. runs on energy, and oil provides about 1/3 of that energy. Petroleum is a nonrenewable resource, but no one knows how much petroleum might be left in reserves that lie deep beneath the earth’s surface. Experts try to predict when the U.S. will use up all of its own oil supply and there are different predictions. All agree that demand for oil is growing and that the oil supply is shrinking rapidly.

Video Quick Write

Alternative Solutions:

Let’s popcorn read.. Innovation in Other Countries.. Pg. 123 1-2 sentences each

Complete Graphic Organizer