Today’s Agenda
Any Announcements?
Any Questions?
Let's Review our Bellwork....
Now...
Let’s Begin Today’s Lesson…..
Today's State Standards
Standard 2.0: Economics
2.1 understand economic systems and
political structures.
Our objectives today
1. Understand the foundations of democracy.
2. Analyze the connections between
democracy and the free enterprise system.
3. Identify the role of the internet in a
democracy..
Our Goal Today
Democracy insists on the fundamental
importance of each and every individual.
The free enterprise systems is a natural
counterpart to democracy – for it, too, is
built on the concept of individualism.
Basic Concepts of Democracy
“No government demands so much from the
citizen as Democracy, and none gives so
much back.” – James Bryce (born May 10,
1838, Belfast, Ire.—died Jan. 22, 1922, Sidmouth,
Devon, Eng.), British politician, diplomat, and
historian best known for his highly successful
ambassadorship to the United States (1907–13)
and for his study of U.S. politics, The American
Commonwealth, which remains a classic.
(http://www.britannica.com/EBchecked/topic/82530/James-Bryce-Viscount-Bryce)
Basic Concepts of Democracy
“No government demands so much from
the citizen as Democracy, and none
gives so much back.” – James Bryce
What is James Bryce saying?
What does democratic government demand
from you?
What does it give you in return?
Foundations of OUR Democracy
1) A recognition of the fundamental worth
and dignity of EACH person.
2) A respect for the equality of ALL persons.
3) A faith in majority rule and an insistence
upon minority rights.
4) An acceptance of the necessity of
compromise and
5) An insistence upon the widest possible
degree of individual freedom.
Does this ring true today?
“Must a government of necessity be too
strong for the liberties of its own people, or
too weak to maintain its own existence?” –
Abraham Lincoln, Response to a Serenade,
November 10, 1864
Is the United States struggling with this
question today?
Our Economic Model
Our economic system is referred to as the
FREE ENTERPISE SYSTEM.
What does this term mean?
Free Enterprise System
Explain a Free Enterprise Economic System
by Ellis Davidson, Demand Media
A free enterprise economic system is a crucial
component of capitalist economic policy. It
dictates that the government will not unduly
interfere with economic transactions. No capitalist
economy in practice is completely free enterprise,
and a political debate has occurred for centuries
concerning how desirable that would be.
http://smallbusiness.chron.com/explain-enterprise-economic-system-1520.html
Supply and Demand
Democracy is our political system. Free Enterprise is our
economic system. The driving force behind Free
Enterprise is the Law of Supply and Demand. At one time,
buggy whips were in high demand.
What are some examples of Supply and Demand?
Mixed Economy
Our nation has a Mixed Economy, which
means government is involved through
regulation and promotion.
What are some examples of regulation?
What are some examples of promotion?
Primary Sources
“The legitimate object of government, is to do
for a community of people, whatever they
need to have done, but can not do, at all, or
can not, so well do, for themselves – in
their separate, and individual capacities.” –
Abraham Lincoln, July 1, 1854
What is President Lincoln saying? What are
some examples?
Democracy and the Internet
Should we be allowed to vote online?
What do you think? What are some of the
Pros? Cons?
Video Time 
Democracy and the Internet
What do you think about online voting?
Should we do it or not? Is it safe?
Reliable?
Vocabulary
Compromise
Free Enterprise System
Law of Supply and Demand
Mixed Economy
Compromise
Compromise is the process of blending and
adjusting competing views and interests.
How would you summarize Compromise?
Give some examples of compromises.
Vocabulary
Compromise
Free Enterprise System
Law of Supply and Demand
Mixed Economy
Free Enterprise System
It is an economic system characterized by the
private ownership of capital goods,
investments made by private decision, not
by government directive, and success or
failure determined by competition in the
marketplace.
Explain the concept of Free Enterprise.
Vocabulary
Compromise
Free Enterprise System
Law of Supply and Demand
Mixed Economy
Law of Supply and Demand
That law states that when supplies of goods a
and services become plentiful, prices tend
to drop. When supplies become scarcer,
prices tend to rise.
What are some examples of this?
Vocabulary
Compromise
Free Enterprise System
Law of Supply and Demand
Mixed Economy
Mixed Economy
An economy in which private enterprise
exists in combination with a considerable
amount of government regulation and
promotion.
How would you differentiate between
regulation and promotion?
What did we learn today?
Turn to page 22 in our textbook.
On lined notebook paper, answer questions
1, 2, 3 and 4 in your bellwork.
Today's State Standards
Standard 2.0: Economics
2.1 understand economic systems and
political structures.
Our objectives today
1. Understand the foundations of democracy.
2. Analyze the connections between
democracy and the free enterprise system.
3. Identify the role of the internet in a
democracy..
Our Goal Today
Democracy insists on the fundamental
importance of each and every individual.
The free enterprise systems is a natural
counterpart to democracy – for it, too, is
built on the concept of individualism.