Unions and Grassroots Movements
True or false: Grassroots mobilization means high-level people (politicians or big organizations) working together to solve a problem or change a policy.
False; it's bottom-up change that starts with regular people
True or false: Scarcity is the idea that there is a limited amount of resources, even if wants are limitless
True
What are some key elements of the "Free School of Philadelphia"? (Several right answers)
True or false: An Initial Public Offering (IPO) is the process where a private company first sells shares of stock to the public, transitioning from private to public ownership (often referred to as "going public")
True
What is an example of a social media campaign that led to change?
#MeToo movement
_____________ is the rate of increase in prices over a given period of time
Inflation
What is freedom dreaming?
When you imagine a better, more just world—even if it doesn’t exist yet. It empowers people to dream of justice and equality so they can fight for it.
True or false: CEOs make less money when their company goes public, as they're no longer fully in charge and the shareholders have a say
False, CEOs tend to make more money by converting private equity into tradable public stock
Name at least one Philly grassroots organization or movement.
Klean Kensington, Level Up, Philly Thrive, No Arena in Chinatown Philly
What is capital?
Any type of asset that can be used to create more value
The understanding that “the rich breed rich, and the poor breed the poor”
What is hyperinflation, and which country struggled with it in the 1920s and 1930s?
Rapid, excessive, and out-of-control increase in prices; Germany
Who started Amazon's first labor union?
Chris Smalls
What are the two types of inflation?
Cost-push inflation (production costs rise) and demand-pull inflation (too much money chases too few goods)
What is the tuition at Haverford, a private all-boys school in Philadelphia? (Close estimates within $1k are okay)
$29,800 for Pre-K; $49,850 for grades 9–12
What advice did Warren Buffet give related to investing in the stock market?
To invest in a low-cost S&P 500 index fund
What are some common criticisms of unions?
Higher labor costs, reduced employer flexibility (difficulty firing/promoting top performers), potential for corruption, and strikes that harm businesses and consumers.
What is capitalism?
An economic system where the free market alone controls the production of goods and services (little government interference)
What is cultural capital?
Cultural capital means the knowledge, experiences, values, and ways of behaving that help someone fit in or succeed in a certain culture or group.
Doesn't refer to money, but the things someone learns or is exposed to that can help them move through the world.
What is Nesdaq, and who is featured?
A stock market index that features technology companies like Apple and Meta