Aim: How are Capitalism and Communism different?

Slides:

Advertisements

Similar presentations

Capitalism. Characteristics of Capitalism Land and capital are privately owned. (They are not owned by the government.) Land and capital are privately.

Advertisements

TWO MAIN SYSTEMS OF GOVERNMENT.  Adam Smith Adam Smith  Wrote the Wealth of Nations  “Liberty guarantees economic progress, therefore government shouldn’t.

Economic philosophies (This is the same idea as the 4 types of economies)

Aim: What philosophies come from the Industrial Revolution?

UNIT 5 THE AGE OF REVOLUTIONS Lesson 5 Capitalism vs. Socialism.

Adam Smith & Karl Marx & John Keynes Three men who shaped modern Economics.

Aim: In what ways do Communism and Capitalism Differ?

Starter Define these terms in your own words: – Human capital – Investment – Capital investment – Capital goods – Consumer goods – Opportunity cost – Trade-off.

Reforming the Industrialized World

An age of Reforms High School Armando Corona ITAH June, 2011.

Adam Smith Industrial Revolution Do you Know?. Adam Smith Industrial Revolution Do you Know? 1. Idea.

Warm Up: 08/26/ What are the 3 questions every economic system must answer? 2.What are the 3 major economic theories discussed in Section 4, of Chapter.

ECONOMIC SYSTEMS An economic system is an organized way a society provides for the wants and needs of its people, or how a society answers the three basic.

Do Now: answer the following T/F Questions & make them true statements - ‘The Soviet Union (Russia) is a capitalist country?’ - - ‘The United States of.

Capitalism and Socialism Or Free Market System and Command Economies.

ECONOMIC SYSTEMS An economic system is an organized way a society provides for the wants and needs of its people, or how a society answers the three basic.

 Central Gov’t makes all decisions on the production and consumption of goods and services  No competition among businesses  No incentive for workers.

Note Guide: Capitalism, Communism, Socialism. I.) Capitalism.

Welcome Back!!. Narrative Part II – Social Effects of the Industrial Revolution  As we are reading, underline the answers for questions 1-10.

And How They Affect Governments

WHII: SOL 9b Economic Ideologies.

CAPITALISM SOCIALISM & COMMUNISM.

Capitalism, Socialism, and Communism

Friday Feb 3rd “The meaning of peace is the absence of opposition to socialism” Karl Marx LAST DAY FOR PENNIES FOR PATIENTS HAVE YOU MET YOUR CLASS GOAL?

Why would some people be opposed to industrialization?

Economic Theory Influence of Enlightenment Thinking

Adam Smith vs. Karl Marx.

Economic Systems and Economic Factors

Please take out Writing Prompt 4 and something to write with

Cow Governments.

DO NOW What is the difference between micro and macroeconomics? Explain.

Theory Proponents How it would work? Capitalism Adam Smith

Communism v. Capitalism

Warm Up (use the graph to answer the questions)

Economic Systems Capitalism, Socialism & Communism

Economic Systems Review

ECONOMIC SYSTEMS Command vs. Market.

Capitalism Communism Philosopher(s) and year Key Ideas Driving Force

Adam Smith vs. Karl Marx.

ECONOMIC SYSTEMS Command vs. Market.

An Age of Reforms-New Economic Systems

Writing Assignment minimum 1 page

Tuesday March 24, 2015 Types of Economies Eagle Claw Nail Salon

Capitalism Vs. Communism

Bell Ringer # Why do we, as American consumers, have so many choices?

Unit 7: Economics & Choices

Economic Systems of Industrialization

Three Economic Systems

Economic Theories Chapter 1 Section 4.

Adam Smith and Capitalism

Agenda Warm Up Industrialization Project Fair or Unfair Candy

Adam Smith Progress result when individuals follow their own self-interest Businesses follow their own self-interest when they compete with one another.

Bellringer On the back of your note sheet from last class, there is a T-Chart with the positive and negative effects of the Industrial Revolution. On your.

Traditional – Command - Mixed

Economic Systems and the American Economy

Characteristics of the basic economic systems

Economic Systems Capitalism, Socialism & Communism

Economic Systems.

Capitalism & Socialism

An Age of Reforms-New Economic Systems

Quick Review!!! QUIZ FRIDAY!!!

Types of Economies.

Economic Theories.

Reforming the Industrial World

Goal 7: Economics & Choices

Capitalism & Socialism

How liberals and socialist were alike and different in the 19th century Edward Chris Ricky.

Communism: Wider Reading Homework

Economic Systems Capitalism, Socialism & Communism

And How They Affect Governments

Presentation transcript:

Aim: How are Capitalism and Communism different? Do Now: Do you think that everyone should be paid the same amount of money for their work? Adam Smith Karl Marx Ideas Concept Book

Capitalism Vs. Communism Vocabulary Capitalism* – economic system where the means of production are privately owned & operated for a profit “Free Market System” Laissez-Faire* – “leave business alone” – policy in which government takes a hands off approach to business & does not interfere Socialism* – economic system where the people as a whole own all the property & business Communism* – system of government in which all wealth & property is owned by the government “Command Market System”

Task # 1 Read the Handout – Adam Smith meets Karl Marx Underline & highlight the important information Answer questions 1 – 5 in your notebooks

Capitalism Vs. Communism Adam Smith Karl Marx Ideas Concept Book Capitalism - economic system where the means of production are privately owned & operated for a profit Communism - system of government in which all wealth & property is owned by the government Laissez-Faire – “leave business alone” – policy in which government takes a hands off approach to business & does not interfere Socialism - economic system where the people as a whole own all the property & business The Wealth of Nations The Communist Manifesto

F. S. Q. – in your notebooks Which economic system do you think is better? Why? Explain your answer in 3 FULL SENTENCES