+ Understanding Class. + Class Class is a way to describe how much money or power a person has in a society.

Slides:



Advertisements
Similar presentations
THERE ARE NO RICH PEOPLE IN THE WORLD. The Economy as Social Institution.
Advertisements

Chapter 9: Sources of Capital
Social Stratification in the United States Songhua Hu Department of Sociology Stanford University
Trends in Income Distribution. Trends in Income Distribution Wealth & Poverty 1.Poverty rose from the late 1970’s until the early 1990’s, both in absolute.
THE AMERICAN DREAM Land of opportunity Rags to Riches
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.
[ 7.2 ] After the Crash. Learning Objectives Identify the causes of the stock market crash of Describe the ways in which the Great Depression affected.
Social Class & Social Stratification
Income and Expenses. Income Income from work A. Wage – money paid by the hour or unit of production. B. Salary – money paid on a weekly, monthly, or yearly.
THEORY OF DISTRIBUTION OF INCOMES
Dimensions of Stratification Chapter 8 Section 1 Chapter 8 Section 1.
THE AMERICAN DREAM The Role of Social Class in the “Pursuit of Happiness”
Social Stratification in the United States Tahu Kukutai Department of Sociology Stanford University
Financing Your Business
Describe the difference between selective and general sales taxes.
Financial Analysis Chapter #3. Net Worth Statement (Balance Sheet) Net Worth = Assets - Liabilities Net Worth (Owner's equity)
Lesson 5: Social Class and Inequality
CHAPTER THREE: MONEY MANAGEMENT & STRATEGY UNIT ONE PLANNING PERSONAL FINANCES “I didn't end up going bankrupt... I made some great investments and I held.
1 Social Class….. 2 Socioeconomic status Income (wages) Wealth Occupational prestige Years of schooling Social class Power.
Benefits v Tax The best method to solve inequality of poverty?
Social Class in the United States. Journal Take 2-3 minutes and reflect on the movie from last time. (What stood out, what surprised you, etc.) If you.
Chapter 7 Class and Stratification in the U.S.
Social Stratification. Social Class People who have similar position in the social hierarchy, who have similar political and economic interests.
Social Classes!!!! By: Natalie Oates. Social Classes Social classes have been around since the 1800’s. They were used to label the people of different.
Workers Workers no longer had to spend years learning to do a job. –A few easy skills to run a machine. Skilled workers had a hard time finding work.
Chapter 8 Social Class in the U.S.. Chapter Outline Income and Wealth Differences in the U.S. Classical Perspectives on Social Class Contemporary Sociological.
4.1 Statistical Measures. When one needs to compare individual values to others in a data set, the following statistical measures are used: Per Capita.
THE MODERN AMERICAN DREAM The Role of Social Class in the “Pursuit of Happiness”
Social Issues Social Class. Journal How might your social class affect the way in which you see the world?
Social Stratification Class System
money you have in a bank either in checking (where you can use the money with an ATM card or by writing a check) or savings (where you earn interest)
Social Stratification
Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.
Chapter 1 Finance and Business. Areas of Finance Business Finance – Decision making within a business setting Investments – Allocation of money to earn.
Chapter 6 The Business-Investment Sector Copyright  2002 by The McGraw-Hill Companies, Inc. All rights reserved. 6-1.
Positive and Negative Effects
Economic Security Changes in job availability, cost of food and housing all affect people’s feeling of Economic Security We will be looking at the Canadian.
COMMUNISM AND CAPITALISM Comparing the Economic Systems.
Egalitarianism. Social Inequality Max Weber’s criteria for measuring social inequality: Wealth - the extent to which they have accumulated economic resources.
7 th Grade Civics Miss Smith *pgs  Income tax- tax on the earnings of individuals and businesses  The main source of revenue collected by.
Sociology 101 Chapter 7 Class & Stratification in the U.S.
MT2: Industrialism and Imperialism LT#2: Describe the development and effects of capitalism, utopianism, socialism and communism.
4.01 Understand the importance of demographics, and the effect of population and social class on international marketing.
© 2014, 2012, 2010 by Pearson Education, Inc. All rights reserved. Sociology: A Down-to-Earth Approach, 12e James M. Henslin Chapter 10 Social Class in.
Causes of the Great Depression. The rich get richer and the poor get poorer in the 20s F /5 of the nation’s wealth was owned by 2% of the pop.=
PROPERTY PLANT AND EQUIPMENT JOURNAL ENTRIES LAND WAS PURCHASED FOR $10,000 OF CASH.
THE AMERICAN DREAM Social Class and Families Chapter 4.
Chapter 3 - The Balance Sheet  The balance sheet provides a snapshot of the firm’s financial position on a specific date. It is defined by: Total Assets.
Answers to Gross Domestic Product : Measuring a country’s income.
English for Finance 4/5/2011: Funds. Assignment Prepare Flash Cards for Funds terminology Prepare for Quiz on Friday on Wall Street Terminology Extra.
Unit 10 Nationalism, Industrialism, Imperialism, & Militarism Industrialization.
 What is the difference between wealth & Income?  How do you measure wealth?  What are assets & debts?  What does it mean to be wealthy but little.
What goods and services should be produced? How should they be produced? For whom are they produced? How a society answers these questions determines.
Changes to Standard of Living and Leisure. What do we mean by Standard of Living and Leisure? Standard of Living: The quality of life of members of society,
The Industrial Revolution. Followed the Agricultural Revolution Began in Great Britain – Factors of Production Land Coal Iron Ore Rivers – Provided transportation.
Paying For Government: Types of Taxes
Understanding Economic Systems
THE AMERICAN DREAM Land of opportunity Rags to Riches
Rent, Interest, and Profit
Describe the difference between selective and general sales taxes.
Social Structure Groups Roles Social Status Social Class CULTURE.
There is no “Bob” narration on this series of slides (yea!)
LEQ: What is Wealth and who owns how much of it?
What were the causes and effects of the Industrial Revolution
شركات المساهمة​ (corporations) Joint stock company
Warmup Do you know anyone who owns their own business? Describe what they do.
Social Stratification Class System
The Basic Problem of Economics
Earnings per Share (EPS)
Social Class Unit 3.
Presentation transcript:

+ Understanding Class

+ Class Class is a way to describe how much money or power a person has in a society

+ Class Lens #1 Lens #1: Class = Money How much or how little money a person has This lens is usually how we think about class

+ The Criteria for Class as Money Income: The amount of money a person makes in a year Wealth: The property a person owns Examples: Houses, Cars, Boats, Planes Stocks, Companies Land

+ The 3 Classes When Class = Money The Upper Class High income + a lot of wealth The Middle Class Near average income + average wealth Average income in the US = $50,000 The Lower Class Low income + little or no wealth

+ Class Lens #2 Lens #2: Class = Power Power: The ability to control your environment, including people This lens allows us to understand why inequality exists

+ The Criteria for Class as Power Control Who are the people who own or control the factories, businesses, banks, etc.? Who are the people that have to work for them?

+ The 3 Classes When Class = Power The Capitalist Class People who own large corporations and banks The Middle Class Small business owners The Working Class People whose labor creates wealth; they work for other people

+ Lebron James – Working Class Net Worth: $110 million -

+ Owner of the Miami Heat – Micky Arison (Capitalist Class) Net Worth: $5 Billion

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.