December 4, 2008Some European governments are

saying that the US should not bail out American car makers. They say it will give American car makers an unfair advantage over European ones. They might in some way retaliate. Should

we pay attention to what the Europeans think or is this an

American problem?

HOMEWORK:Create a flyer / brochure for a

joint stock company.

Smallpox: a disease caused by a virus. It leaves the

victim covered with sores. It is fatal in as many as 35% of

all cases.

Natives of the new world died at a much higher rate.

Smallpox killed more natives of the new world than anything else.

Vaccinations for smallpox were available as long ago as

1801.

Joint Stock Company: A company that sells shares

of itself to investors.

This allows companies to raise a lot of money.

The Virginia Company was a joint Stock Company.

Capitalism:An economic system under

which the means of production is owned by

individuals.

Mercantilism:A system where government

encourages the growth of wealth by the growth of

trade.

Mercantilism says the more wealth a country has the better.

Do the connect to today on p. 572, #1, the Skillbuilder p.

574, and the Main idea questions p. 575