Personal Finance
What is an investment?
The purchase of goods that are not consumed today but are used in the future to create wealth
What happened on September 11, 2001 in New York?
A plane was hijacked and flown into the World Trade Center
Who was the first African American to serve on the Supreme Court of the United States. Prior to becoming a judge, he was a lawyer who was best remembered for his activity in the Little Rock 9 and his high success rate in arguing before the Supreme Court and for the victory in Brown v. Board of Education
Thurgood Marshall
. What was the Berlin Airlift?
when the Soviets created a blockade leading to West Berlin in an effort to force the Allies out, the U.S. and Britain refused to leave and instead they flew food and supplies into the city each day.
What is Communism?
-government ownership of property -markets based on needs and resources and planned by government -economy planned and controlled by government -everyone has a job -wealth distributed evenly -social programs to care for elderly, workers, etc. -promotes social consciousness -no individual freedom -less technology and growth in economy because of government control and no competition -consumer goods in short supply
What is income?
Any money received on a regular basis from work or investments
What are Acts of terrorism?
violence against regular citizens for an extremist political or religious goal
What are “sit ins?"
A form of protest in which African Americans sat down at a “whites only” restaurant or store and refused to leave until they were served.
. What was the Berlin Wall, who built it, and why was it built? T
his was a wall that was built by the Soviets around East Berlin to prevent people from East Germany from escaping into West Berlin and then into non-communist West Germany. They did not want all of their workers to leave, because communism depends on workers. It was finally torn down in 1989. This became the symbolic end to the Cold War.
What is Democracy/Capitalism?
-people can own property -markets based on supply/demand -little government control of economy -individual freedom -more advances in technology because of demand for new technology -wealth depends on individual accomplishments -economy produces things that people want (consumer goods) and encourages competition -economy can “boom” or “bust” -big differences in personal wealth/big gap between rich and poor
What is a savings account?
A bank account that earns interest. Usually the money is kept in the account for a long period of time. Interest what a bank pays you to hold your money
Who was the leader of the USA when the Berlin Wall came down?
Reagan
Who was Rosa Parks, and why is she important to the Civil Rights movement?
An African American woman who refused to give up her seat on the bus. Her actions brought about a boycott of the Montgomery buses which was lead with the help of Dr. Martin Luther King
What is NATO, the North Atlantic Treaty Organization?
A group of countries that was formed to protect the countries in the organization against communism and prevent the spread of communism.
What event is described below?
In 1962, Cuba (a communist country off the coast of Florida VERY close to the U.S.) allowed the Soviet Union to come into the country and place nuclear missiles aimed at the United States. This happened after Fidel Castro took over and as a response to the hatred many Cubans felt toward Americans after the Spanish-American war and American occupation of Cuba. President Kennedy ordered a blockade of Cuba and prevented Soviet ships from reaching Cuba. Finally, the Soviet Union removed the missiles when the U.S. promised not to attack Cuba. It is the closest the world has ever come to nuclear war.
Cuban missile crisis
What sector of the economy (household, government, business, banks) would someone taking out a loan for a house fall under?
banks
How did President Bush respond to terrorist attacks?
He led a coalition of nations in a war against Afghanistan
Who were the Little Rock 9 and what court ruling were they testing?
9 black students who first attended an all white school in 1957 to test Brown vs Board of Education
What is a proxy war? Give one example.
A war fought between two countries that are supported by other countries who are also warring in ideology. For example, Vietnam war, Korean War, Afghan war.
This was the first war on television. People were able to see the terrible effects of war and became divided in their opinions about whether we should be fighting in the _______War or not. Sometimes the news broadcasters were biased and presented the war in a negative light. This made the anti-war movement strong. This war was also longer than Americans expected, and the longer the war drug on, the more people opposed it. They felt it was not the U.S.’s job to patrol and protect the world. The media’s impact on how people felt about this war caused returning veterans to be treated badly and disrespected.
What is Vietnam War
What is is demand?
The amount that consumers are able and willing to buy at all possible prices at a given time
What type of technology was most important for disseminating information in 2001?
TV
The impact of their assassinations are listed below. List who was assassinated in order.
a. People were shocked and saddened; some lost hope; others wanted to carry on his vision
b. Americans were stunned and those who supported his ideals felt a loss. The baby boom generation wanted to continue to change American culture and politics
c. caused riots in major cities and set back civil rights for years, there was general distrust between whites and blacks
John F. Kennedy, Robert F. Kennedy, Dr. Martin Luther King, Jr.
What is McCarthyism?
a U.S. senator that accused many people of being spies for communist Soviet Union. This refers to mass panic and suspicion of others of being communist in the United States.
this occurred between communist North Korea and non-communist South Korea. In 1953, North Korea invaded South Korea and wanted to join the Korean peninsula together under communism. The United States and other countries got involved to help South Korea defend itself against communism to keep communism from spreading and pushed the North Koreans back into their country. The country remains divided today at the 38th parallel, and North Korea is still communist and a nuclear threat to the world.
What is Korean War?