Econ: Per 0,2 & 5
1. 7-Minute Reading: A Short History of Capitalism (Handout: Adbusters, Fall 2011)
A. What two discoveries led to an increase in trade in the 14th century Mediterranean?
B. What was the Florentine Renaissance?
C. What “problem” led to banking?
D. What is fractional reserve banking?
E. Initially, enormous amounts of new wealth were created by colonialism, slavery and the harnessing of fossil fuels. How do people make large amounts of wealth today?
2. PPT: Marginality, Law of Diminishing Marginal Utility & Marx/Smith
AP World
1. Quick Read: Napolean
2. Chp 22 Test Corrections
3. Start Chp 23 PPT
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