Wednesday, April 27, 2016

AoM Quiz Questions

Here are the questions that I have received, feel free if you still haven't emailed them to add your questions  to the comments.


1.      What was the day commonly called when the stock market crashed in October 28th 1929?
2.      Both Franklin Roosevelt and John Keynes believed that the crash on October 28th was caused by
3.      What was the name of the company that ended the bubble of the twentieth century and controlled a quarter of the US natural gas business? 
           4.      What is one key thing that was mentioned that determines the success of a company?            
           5.      Which president closed the so-called gold 'window' in which dollars could be exchanged for                 gold?
a. Donald Trump
b. JFK
c. Richard Nixon
d. Lindon B. Johnson
        6. Which family did the book say "left such an imprint" on the Renaissance?
a. The Medicis
b. The Kardashians
c. The Bardis
d. The Peruzzi
        7. Who wanted to make the Medici legitimate?
a. King Edward III
b. Viere Medici
c. Giovanni Medici
d. Obama
         8. The game of monopoly was created by a citizen of which nation?
            A. England
            B. U.S.A.
            C. France
            D. Germany
        9. What was the name of the original proto-monopoly game?
            A. Property Rush
            B. Minecraft
            C. The Renter’s Game
            D. The Landlord’s Game
        10. The man who modified the prototype to make current-day Monopoly was:
            A. Charles Darwin
            B. Charles Darrow
            C. Charles Rutherford
            D. Charles Russ
       11. Monopoly during the Great Depression was such a hit because:
            A: It taught children frugality
            B: It had bright flashy colors that people would stare at for hours
            C: It had lots of fake money
            D: Monopoly wasn’t invented until 1946

Answers: B, D, B, C

        12. After their deregulation, what were Savings and Loans allowed to invest in?
a.         only long-term mortgages
b.         only commercial property
c.         anything they wanted

        13. Who were subprime mortgages lent out to?
a.         large corporations
b.         the poor
c.         the middle-class

         14. What is securitization?
a.         the conversion of mortgages into bonds
b.         the insurance of mortgages by the Federal government

c.         the practice of only offering mortgages to people who are low credit risks

Friday, April 22, 2016

Business Model Ideas

Business Model Ideas

Practice Scholarship Application (Updated)

Scholarship Essays
Here are a list of essays required by the Gates Foundation Scholarship; included with these prompts are examples of successful answers from the past. Choose one of these prompts to answer and bring with you to share in class. 
Prompt 1: Discuss the subjects in which you excel or have excelled. To what factors do you attribute your success? 
Prompt 2: Discuss the subjects in which you had difficulty. What factors do you believe contributed to your difficulties? How have you dealt with them so they will not cause problems for you again? In what areas have you experienced the greatest improvement? What problem areas remain?
Prompt 3: Briefly describe a situation in which you felt that you or others were treated unfairly or were not given an opportunity you felt you deserved. Why do you think this happened? How did you respond? Did the situation improve as a result of your response?
Prompt 4: Discuss your short-term and long-term goals. Are some of them related? Which are priorities?
Prompt 5: Discuss a leadership experience you have had in any area of your life: School, work, athletics, family, church, community, etc. How and why did you become a leader in this area? How did this experience influence your goals?
Prompt 6: Discuss your involvement in and contributions to a community near your home, school or elsewhere. Please select an experience different from the one you discussed in the previous question, even if this experience also involved leadership.  What did you accomplish?  How did this experience influence your goals?
Prompt 7: Other than through classes in school, in what areas (non-academic or academic) have you acquired knowledge or skills?  How?
Prompt 8: Is there anything else you would like to tell us about that may help us evaluate your nomination (i.e., personal characteristics, obstacles you have overcome)?
Prompt 9: ONLY for Nominees who graduated from high school or earned their GED more than one year ago: Describe those activities in which you have participated since completing high school (e.g., community service, leadership, employment) that you believe qualify you for this scholarship.
Notes on writing the essays
When writing the essays, remember:
  • The essays do not have to be perfect!
  • Answer the prompt. If the only thing you write is the exact answers to the prompt, then you at least provided the information that they are seeking
  • Proofread!
  • DO NOT be too verbose, pedantic, wordy…(you get the point). The people who are reading your essays are volunteers and they will be reading LOTS of essays so DO NOT bore them or make it a difficult read! Some of my sample essays are borderline pedantic so I am not a great guide on how to be short and to the point.

Friday, April 15, 2016

Week 24 Homework

Please note, we are delaying the Ascent of Money test until next week. Please email me your questions and answers this week and I will post them to the blog.

Homework Update: Please read the assigned work from the textbook; we will be doing everything else in class next week.