8.E.1.1

8.E.1.1 Explain how conflict, cooperation, and competition influenced periods of economic growth and decline (e.g. economic depressions and recessions). || ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Literacy Standard(s)**=== || ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Learning Target/Task Analysis:**=== The student will understand: The student will know:
 * ===Clarifying Objective===
 * ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Information Technology Standard**=== || ===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Revised Bloom's Level of thinking**===
 * Understanding, Evaluating, Creating** ||
 * Capitalist societies experience cyclical periods of economic prosperity and decline.
 * Competition for scarce resources can lead to conflict in society.
 * Cooperation and collaboration among citizens during periods of economic decline may lead to economic growth and stability.
 * Overuse of scare resources may lead to economic instability, recession or depression.
 * Lack of agreement on economic goals of a nation leads to internal and external conflict.
 * Nations lacking clear economic goals may exhibit instability.
 * The various times in which North Carolina and the United States has experiences periods of economic growth and decline (e.g., the Rip Van Winkle years in North Carolina, the economic boom of the 1920s, the Great Depression, North Carolina and California Gold Rush) and how people either competed for scarce resources, cooperated to achieve an end or had conflicting view points over an economic issue.
 * The groups that experienced economic growth and who’s economic growth either remained the same or worsened.
 * The extent of poverty experienced during times of economic downturn.

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**I can...**
A) I can demonstrate how people compete for resources and the result of the competition during times of scarcity. B) I can illustrate the benefits and problems with a cooperative economic model. C) I can explain how and why some groups in society gain or loss while others are not affected during economic booms and bust. D) I can explain why poverty increase during times of economic bust.

‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Essential Vocabulary:** Conflict, Cooperation, Competition, Economic Indicators, Personal Financial Choices, Quality of Life

===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Instructional Resources**===

===‍‍‍‍‍‍‍‍‍‍‍‍‍‍‍**Notes and Additional Information**===