Navigate the Economic Maze! Boom or Bust: The U.S. in a Globalized World

Decipher the complexities of the U.S. economy in the global age with this captivating reading comprehension worksheet. Students will embark on a journey through:

• The interconnectedness of the globalized world and its impact on American pocketbooks.
• The challenges and opportunities presented by globalization, from job markets to trade.
• The 2008 housing crisis and government interventions in economic downturns.

What's Included:

• Engrossing Reading Passage: Explores the post-Cold War era, the rise of globalization, and its influence on the U.S. economy. It examines major events like the housing crisis and the government's response.
• Primary Source Spotlight: An excerpt from a Congressional Budget Office report ignites critical thinking about the economic effects of shifting priorities after the Cold War.
• Assessment Powerhouse: Multiple choice, true/false, fill-in-the-blank, and short answer questions solidify understanding and encourage analysis. Answer key included!
• Teacher-Friendly Format: Clear layout and engaging text make this resource easy to use and adaptable for various learning styles.

Learning Objectives:

• Students will be able to explain the concept of globalization and its impact on international trade and investment.
• Students will be able to analyze the potential benefits and drawbacks of globalization for the U.S. economy, including job markets and consumer prices.
• Students will be able to evaluate the economic impact of the Cold War's end and the challenges of transitioning defense spending to other sectors.
• Students will be able to explain the causes and consequences of the 2008 housing crisis, including the financial meltdown and the Great Recession.
• Students will be able to analyze the arguments for and against government intervention during economic crises.

Common Core Standards Alignment:

• RI.9-10.7: Analyze the various purposes of social and political texts, including explanation, persuasion, entertainment, or a combination of purposes.
• RI.9-10.8: Delineate and evaluate the reasoning used in arguments, political cartoons, or editorials.
• RI.9-10.9: Analyze how an author uses reason and evidence to support particular points of view, identifying any fallacies or biases.
• EC.9-10.1: Analyze the relationship between a nation's economic growth and its global interactions (trade, investment, financial flows).
• EC.9-10.3: Evaluate the benefits and costs of international trade, including its impact on jobs, consumers, and the environment.

Why Buy This Resource?

• Ready-to-Use: Download and print this worksheet for immediate implementation in your classroom.
• Standards-Aligned: Addresses key reading comprehension, critical thinking, and economic literacy skills.
• Engaging Topic: Explores a relevant and thought-provoking economic issue, sparking lively classroom discussions.
• Promotes Analysis and Debate: Provides a balanced perspective on globalization and government intervention, encouraging students to form their own opinions.

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