Unit 5 – Class & Capitalism Intro Week. Kat Bellringer List at least 4 different terms used to describe how much money a person has. –Example: filthy.

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Presentation transcript:

Unit 5 – Class & Capitalism Intro Week

Kat

Bellringer List at least 4 different terms used to describe how much money a person has. –Example: filthy rich Set Up for Cornell Notes –Title: Understanding Class

What is “class?” Class = a way to describe how much money or power a person has in society.

Lens #1: Class = Money This is how we usually think about class INCOME – the amount of money you make per year or month WEALTH –property you own –Examples: Houses, Cars, Boats, Planes, Stocks/Investments, Businesses, Land

Classes when class = money* Upper Class –High income + a lot of wealth Middle Class – Average income + average wealth –Average income in the US: $50,000 a year Lower Class –Low income + little or no wealth

Kat

Vikki

Jobe

DJ

Bill Gates

Pro Athletes

Teachers

Lens #2: Class = Power* This allows us to understand how the system creates inequality

Capitalism – an economic system in which the factories, businesses, and banks are owned by individuals called capitalists Power = –the ability to control your environment, including people

Class = Power Capitalist Class –owners of large corporations and banks Middle Class –small business owners Working Class –people who have to work for someone else to survive

Bill Gates

Burger King Cashier

Borders Employee

CEOs of Ford & GM

Doctors who work at hospitals

Pro athletes

Teachers

Practice Worksheet – finish during class Pass back 3 rd quarter work

Thursday

OCCUPY WALL STREET -

Warm Up: (in your binder/notebook) What do you know about this guy? (Bill Gates)

Warm Up Part 2: Bill Gates is a BILLIONAIRE. What’s the difference between a millionaire and a billionaire? It would take you 11 days to count to 1 million (a number each second) How long is 1 billion seconds?

A Billion vs. A Million Counting 1 million seconds would take about 11 DAYS Counting 1 billion seconds would take almost 32 YEARS

How much does he have? $53 billion in wealth ($53,000,000,000)

The First Home Computer (1983)

The Bill Gates Story Hi-light all of the significant opportunities that Bill Gates had growing up

Getting “Pied” The pie gives power back to the people because so many feel powerless in the face of big politicians and capitalists.

Friday

Strat Chart

Uplift’s School Creed We the students of Uplift Community High School pledge to stand up for justice. We will fight for freedom and equality and try to love each other like a family. We pledge to push each other forward, be respectful, be positive, and most of all be Upstanders.

Warm Up: ANNUAL INCOME The richest American = $275 million The poorest American = $0 What do you think is the average income in the US?

Copy this! The average (median) income in the US is $52,000 a year Nigeria: $2,150 a year Qatar: $88,000 a year China: $7,518 a year Belize: $7,000 a year

Henry Kravis CEO of KKR $4.2 billion in wealth (income + property) 201st richest person in the world