Warm-up Using all of the information that you have gained in class so far, write 3 paragraphs that explains what NAFTA is, who is involved, and what makes NAFTA different from WTO? APRIL FOOLS!!!! What does NAFTA stand for? Who is involved? What makes NAFTA different from WTO? APRIL 1 MARKS THE ONE DAY A YEAR WHERE ALL BETS ARE OFF AND PRANKS ARE TO BE EXPECTED. BUT WHY DO WE CELEBRATE APRIL FOOLS' DAY, AND WHAT IS THE SIGNIFICANCE OF SETTING ASIDE ONE DAY PER YEAR TO PRANK ONE ANOTHER? History of April Fool’s Day While the exact history behind April Fools’ Day is unclear, there is one widely believed theory for how April 1 became an annual day of trickery. The holiday stems from people who refused to adopt the Gregorian calendar in favor of the older Julian calendar when it was established in the 16th century Europe. While most adjusted to the new calendar, which moved the New Year from April 1 to Jan. 1, those who refused to recognize the change were reportedly subjected to pranks and ridicule and were rumored to have been called “April Fools” for observing the holiday months later. NAFTA VOCABULARY Content Objective I am learning about NAFTA. I will be able to explain what role the NAFTA treaty plays in globalization and how it has impacted the American economy. Spiral page 66: Title it NAFTA Vocabulary Set your spiral up for three-column notes Word Definition in your words Use in a sentence Vocab Word Student friendly definition Using the vocab word in a complete sentence Globalization The act of globalizing, or extending to other or all parts of the world; worldwide integration and development Ex. Globablization has resulted in the loss of some individual cultural identities. NAFTA Definition – North American Free Trade Agreement. Agreement between Canada, Mexico, and USA established in 1994 to remove tariffs when the countries do business with each other. Tariff Definition – a tax on products that are sold from one country to another Corporation Definition – a large business with many employees Chapter 11 Definition – an agreement in NAFTA that allows a country to sue another country if a law is passed that hurts a business Article 27 Definition – a rule in the Mexican Constitution that limits the amount of land one person can own Maquiladora Definition – a factory in Mexico where the employees get paid very little. NAFTA Processing – page 65 Creative story about a business using 4 of the 7 of your new words correctly in order to receive credit for this writing. Circle each of the vocab words that you use