Bell work What are 5 ways that the government has impacted your life this year? They can be large or small happen every day or just once.

Government Roles in U.S.

Private individuals own and operate firms The Free Enterprise Private individuals own and operate firms There are regulations on business operations Government laws placed on businesses

Importance of Bill of Rights to Free Enterprise

Gives us property rights The 5th Amendment “No Person shall be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.” Gives us property rights

O’Hare Expansion

So What is the “Just Compensation?” “Fair Market Value for their homes”

Besides just homes, what other property do you think O’Hare is expanding through?

The Bill of Rights also….

Prohibit states from passing any law “impairing the obligation of contracts” Guarantees businesses the right to making binding contracts without government interference

The Role of Government in Free Enterprise

Public Disclosure Laws Require companies to give consumers important information about their products Examples…..

Government protects the concerns of the public as a whole Public Interest Government protects the concerns of the public as a whole FDA FAA EEOC EPA Food and Drug Administration Federal Aviation Administration Equal Employment Opportunity Commission Environmental Protection Agency

What do you think the big negative effect of Government Safety Involvement is???