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Essential Question : What are the major challenges facing America in the 21 st century?

Essential Question : What are the major challenges facing America in the 21 st century? Warm-Up Question : What is the bigger problem facing America: threats of terrorism OR the federal deficit ? Explain. Chapter 15 End of Cold War and Modern Times.

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Essential Question : What are the major challenges facing America in the 21 st century?

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  1. Essential Question: • What are the major challenges facing America in the 21st century? • Warm-Up Question: • What is the bigger problem facing America: threats of terrorismORthe federal deficit? Explain

  2. Chapter 15 End of Cold War and Modern Times • #5 Obama and Financial vs. Foreign Challenges

  3. Barack Obama & the Election of 2008 The election of 2008 was a historic moment in U.S. history as Barack Obama became the first African American elected president But, the president faces serious foreign & domestic challenges http://www.youtube.com/watch?v=TR-sn2vzmFQ http://www.youtube.com/watch?v=dNo8u95NCQU

  4. Government Revenues vs. Outlays • Where does the federal gov’t get its money & how does the gov’t spend it? • The “Income Board” lists the four major ways in which the federal gov’t generates revenue to pay for programs • Working with a partner, guess what percent each of the 4 categories makes up of the total gov’t revenue • Also, take a guess as to how much total money the U.S. gov’t collected in 2009

  5. Government Revenue (FY2009)

  6. Government Revenues vs. Outlays • Where does the federal gov’t get its money & how does the gov’t spend it? • The “Spending Board” lists the nine major programs on which the federal gov’t spends money • Working with a partner, guess what percent each of the 9 categories makes up of the total gov’t spending • Also, take a guess as to how much total money the U.S. gov’t spent in 2009

  7. Government Spending (FY2009)

  8. The 2009 Deficit Gov’t Revenue (Income) $2.1 trillion Gov’t Outlays (Spending) — $3.5 trillion Gov’t Deficit = $1.4 trillion

  9. The federal deficit in 2009 was $1.4 trillion

  10. As of 2010, the National Debt is $12.9 trillion

  11. What is a trillion dollars? A packet of one hundred $100 bills is less than 1/2″ thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun.

  12. Believe it or not, this next little pile is $1 million dollars(100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.

  13. While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet…

  14. And $1 BILLION dollars… now we’re really getting somewhere…

  15. Next we’ll look at one trillion dollars. This is that number we’ve been hearing so much about. What is a trillion dollars? It’s a million million. It’s a thousand billion. It’s a one followed by 12 zeros.

  16. Class Discussion:What are the consequences of an increasing federal deficit?

  17. Essential Question: • What are the major challenges facing America in the 21st century? • Warm-Up Question: • How does the federal government borrow money? • How much money do you think Americans, on average, have in their savings accounts?

  18. I.O.U.S.A. Documentary • Watch the documentary “I.O.U.S.A.” • As you watch the film, take notes & be ready to discuss your answers http://www.youtube.com/watch?v=O_TjBNjc9Bo

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