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f) SWBAT identify
and analyze causes
and effects of the
economic recession of
the 1970s.
Create a Academic
Language section
Beneath the T-EQ
3 consecutive quarters (9
months) of Negative Gross
Domestic Product.
TWS - Predict
What are ways that
an economic
recession (downturn)
can impact American
life? Justify.
CHALLENGE! How
might an economic
recession impact
single people and
families differently?
Explain!
High Inflation
2.
Increased international
competition
More globalized markets
3.
0-5 Inflation?
A general increase in
prices and fall in the
purchasing value of
money
Often caused by scarcity
of goods/services that drives cost up
As a result of these
factors, the US economy experienced a number of
harsh economic conditions
0-5 stagflation
An economic condition
marked by both
inflation and high
unemployment.
the US began to
increase
TWS Hypothesize
What policies could help
stop stagflation to get the
economy growing again?
Justify.
CHALLENGE! Why is
unemployment such an
important thing to
consider when analyzing
an economy like the
United States? Explain!