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Lesson 2: When Disaster Strikes, What Can Markets Do?
…Street Journal, Sept. 10, 2005, p. 1. www.opinionjournal.com/forms/printThis.html?id=110007238 (3-23-07) Konig, Susan. “Private Companies Rush in to Help Hurricane Katrina Victims.” Health Care News, October 1, 2005. The Heartland Institute: http://www.heartland.org/Article.cfm?artId=17757…
Lesson 2: When Disaster Strikes, What Can Markets Do?
…prices function in markets to communicate information, competition prepares businesses to respond to disasters, and self-interest and the profit motive provide reliable incentives for them to do so. Competition is…
Lesson 4: When Disaster Strikes, What Can We Do?
Vocabulary: comparative advantage incentives competition Federal Reserve System money liquidity personal exchange commercial (impersonal) exchange Content Standards: Standard 6: When individuals, regions, and nations specialize in what they can produce…
Lesson 3: Trade & Labor: Sweatshops
…National Human Trafficking Hotline—up 13% from 2017 https://www.state.gov/wp-content/uploads/2019/06/2019-Trafficking-in-Persons-Report.pdf (8/22/19) https://fortune.com/2019/04/14/human-sex-trafficking-us-slavery/ (8/22/19) https://polarisproject.org/ (8/22/19) https://www.local10.com/news/florida/miami-dade/law-enforcement-agencies-prepare-to-crack-down-on-human-trafficking-ahead-of-super-bowl (08/22/19) https://www.cnn.com/2019/01/14/perspectives/human-trafficking-fight/index.html (08/22/19) https://www.pri.org/stories/2017-12-04/wear-and-tear-series-women-who-make-our-clothes (08/22/19) Indirect involuntary labor exists when workers are put into high-risk situations…
Addendum to Introduction – Catalog of Disasters
…anniversary retrospective: http://www.nola.com/katrina/ NASA’s Hurricane Katrina Archive: http://www.nasa.gov/vision/earth/lookingatearth/h2005_katrina.html CBS Sportsline’s coverage of the New Orleans Superdome where tens of thousands of refugees were stranded for days after the hurricane: http://www.sportsline.com/columns/story/9674420…
Resource List
Download Source List Internet Currency Converters: http://money.cnn.com/data/currencies/ http://www.x-rates.com/ http://www.oanda.com/convert/classic Current commodity prices, including domestic and international sugar: New York Board of Trade: http://www.nybot.com/ Euronext – Liffe: http://www.euronext.com European Economic Union…
Lesson 3: When Disaster Strikes, What Can Government Do?
…the Antitrust Committee of Boston Bar Association, February 27, 2006, p. 3 http://www.ftc.gov/speeches/salinger/060227MoneyballandPriceGouging.pdf Sargent, Robert. “Minneola’s Ice Storm: It’s Coming – by Truck.” Sun-Sentinel. January 25, 2007. http://www.sun-sentinel.com/news/local/florida/orl-mfreeice2507jan25,0,7384007.story?coll=sfla-news-florida Sobel, Russell…
Hot Topic: Trade Wars – Economics Awakens
…quota) followed by the other country retaliating with its own barriers is a dangerous economic policy. Additional Sources: https://www.marketwatch.com/story/what-history-teaches-us-about-who-wins-in-trade-wars-2018-03-02 https://www.investopedia.com/terms/s/smoot-hawley-tariff-act.asp https://www.nytimes.com/2018/03/28/opinion/trump-tariffs-trade-war.html https://www.marketwatch.com/story/trump-on-tariffs-trade-wars-are-good-and-easy-to-win-2018-03-02 https://www.politico.com/magazine/story/2018/04/07/how-to-win-trade-war-china-217830 https://www.creators.com/read/walter-williams/03/16/trade-deficit-angst https://www.nytimes.com/2018/03/22/opinion/trade-war-china-trump.html https://www.huffingtonpost.com/ian-fletcher/free-traders-cant-name-a_b_9409890.html https://www.nytimes.com/2017/03/02/opinion/what-trump-gets-right-on-trade.html https://www.realclearpolitics.com/video/2018/04/08/cnns_fareed_zakaria_trump_is_right_china_cheats_on_trade.html [/expand]…
Lesson 1: Are Disasters Good for the Economy?
…Economic Policy Research Discussion Paper Series No. 3791, February, 2003. http://www.cepr.org/pubs/dps/DP3791.asp (3-30) Editor. “Plague and Economics.” Economist, Dec. 23, 1999. http://www.economist.com/diversions/millennium/displayStory.cfm?Story_ID=346790 Eyewitness to History. “The Black Death, 1348.” http://www.eyewitnesstohistory.com/plague.htm (3-21-07)…