Thursday, November 21, 2013

This week we started personal finance.  On Monday and Tuesday we finished up our Wiki pages.  The project was okay, some parts where hard to explain.  On Wednesday we officially tarted personal finance and we actually get to earn money and spend it.  Also we watched an interesting video about money and how they make it and the stuff they put in to the money to make it nearly impossible to fake. On Thursday we talked about about. Money is any good that is widely accepted for the purposes of exchange and in the repayment of debts. And we learned the three functions of money and the characteristics of it.

Friday, November 8, 2013

This week was pretty good.  We learned a lot about inflation and deflation.  We talked about the Great Depression and the causes of it.  There isn't one set reason for why the Great Depression happened but it mainly had to do with bad banking skills and WW1.  Also we learned about the business cycle.  On Thursday we talked about International trade.  We went over the pros and cons of it.  I am for international trade because it brings other cultures to other cultures.