Welcome to Communist Altmanville Welcome to Communist Altmanville. Upon entering into this classroom today you have accepted the terms and conditions of a communist society where everyone is treated equally. Your new grade in the class is a 69. Please enjoy your stay…because you are not able to leave = ) (muahaha)

Warm-up questions Give me 3 positive and 3 negative effects of the industrial revolution? With so much revenue being driven into the economy from the industries, who do you believe should have more control over it, The government or the business owners? Defend your answer. Tell me all that you already know about communism (including leaders, countries, fundamentals etc.)

Rock-paper-scissors Tournament Many will enter…. But only one student will be crowned…. The ROCK-PAPER-SCISSORS TOURNAMENT CHAMPION!!!!

Effects of Industrialization Shifted world balance of power. How? Increased competition in industrialized nations and poverty in less developed nations. Industrialized countries viewed poor countries as markets for their manufactured products Industrialization gave Europe tremendous economic power. How?

Communism Vs Capitalism Opposing economic theories Differences magnified during the Industrial Revolution Inspired governmental and political rivalries throughout the world

Communism “An economic system in which all means of production – land, factories, railroads, and businesses – are owned by the people, private property does not exist, and all goods and services are shared equally”

Karl Marx The Communist Manifesto 1848 Radical Socialism Predicted that the workers would someday REVOLT against the wealthy Capitalism would destroy itself

Marxism Eventually a complete form of Socialism would arise Total public ownership of means of production No private Property A classless society

Countries claiming to be communist between 1979-1983

Communist countries 2012 China, Cuba, Cambodia, Laos, Vietnam, and North Korea

Communism today Before, Communism meant public ownership of all or most means of production by the Communist party-run state, is necessary for the possibility to further the interest of the working class; today, a communist state, as in China and Vietnam for instance, can exist alongside a mixed economy.

Capitalism “One million dollars!” “An economic system in which money is invested (capital)with the goal of making more money (profit).” “One million dollars!”

Adam Smith The Wealth of Nations - 1776 Free-market Capitalism An “invisible hand” would guide the economy Laissez-faire – gov’t should be hands-off

The Industrial Revolution IR is driven by Capitalism Inequities created by IR create an ideological GAP btwn CAP & COMM

Now it’s time to bring it to life