Class 10 - Trends and Commercial Revolution: The world is less violent...just not in the place we go to school.

Today we continued with the power point.

We first saw advancements in computer technology, flying cars, and space hotels. We live in the future.

Then we looked at crime rates and murder stats and how the US as a whole has decreased in crime rates. However some cities (like Rochester) are still fairly violent. Great.....
But we actually discovered that we are less violent. We looked at the differences between war in the 1950's and today and have seen that there are 10 times less casualties. There are less wars and the wars kill less people.

We then saw the trends that people use markets to express their voices; markets are built to serve minorities, unlike politics. People can boycott products to express their voice, such as the bus boycotts in the civil rights movement.

We then saw that we are not ruining the world. The world is cleaner, has less pollution, and more forest and resources. However, the only reason that we care about our environment is because of the impact on health and well-being. Because people still live to 80, the environment is still clean and getting cleaner. People are happier and not always because of money.

Then we talked about the great stagnation. Today we have very little growth because we already went through our huge improvement. The poor countries are about to improve and take the "low bearing fruit."

Finally we talked about the Commercial Revolution. We saw that the Great Depression caused income levels to fall backwards 20 years. The Great Recession has caused income to fall back 3 years. The "Great" recession has been exaggerated so much. The difference in income from the last 3 years is almost nothing. The Commercial revolution expresses economies going from stagnation to growth, in money, liberties, and freedoms. There are 2 theories of the Commercial Rev: The Classical Theory, which says that people use up the increased productivity with more people, and the modern theory, saying that continuous improvements allow productivity to outpace population growth.