unit 5 – class & capitalism

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 3rd 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 KravisCEO of KKR

• $4.2 billion in wealth (income + property)

• 201st richest person in the world