Bell Ringer
1. What happened to the mandate of Palestine
after WWII? Why?
2. TODAY, which religion is mainly located in …
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–
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–
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Israel and North America?
Europe, North and South America?
Middle East, North Africa, Asia?
India?
East and South East Asia?
We will…
Today in class…
Recognize how TRADE connects the people and countries of the modern world.
You will be able to…
Social Studies
 Define the characteristics of developing and
developed nations.
 Sort countries into developing and developed
categories using demographic facts and
figures.
 Identify world organizations and trade
agreements and their purposes.
 Recognize key people of the 20th Century,
their countries, and their accomplishments.
Language
Define: European Union, IMF
Multinational Corporation, WTO
NAFTA
Next Time/Soon: SOL Packet 5 due May 1 & 2
Vocabulary
• European Union - “EU” - Group of European
countries that participate in the world
economy as one economy and has one official
currency, the “euro”
Vocabulary
• IMF - International Monetary Fund –
organization of countries that gives
emergency loans to countries in financial crisis
Vocabulary
• Multinational Corporation - Large company
with factories and offices in more than two
countries
Vocabulary
• WTO - World Trade Organization international organization that deals with the
global rules of trade between countries
Vocabulary
• NAFTA - North American Free Trade
Agreement – trade agreement between
Mexico, the United States and Canada
Mikhail Gorbachev
• Last president of the
Soviet Union
• Reformed USSR using
Glasnost & Perestroika
Deng Xiaoping
(“Deng Show-ping”)
• Reformed Communist
China’s economy to a
market economy
• Continued communist
control of government
Margaret Thatcher
• British Prime Minister in
1980’s
• Free trade and less
government regulation of
business
• Close relationship with
United States
• Asserted United
Kingdom's military power