Socialism Intro Socialism is an economic system characterized by social ownership and cooperative management of the means of production, and a political philosophy advocating such a system. Meaning A political and economic theory of that advocates that the means of production, distribution. (in Marxist theory) A transitional social state between the overthrow of capitalism and the realization of communism. according to oxford

Major theme “ philosophy “ Socialist argued that capitalism concentrates power and wealth within a small segment of society that control the means of production and derives its wealth through a system of exploitation, this creates a stratified society based on unequal social relations that fails to provide equal opportunities for every individual to maximize their potential, and does not utilize available technology and resources to their maximum potential in the interests of the public.

Fascism Fascism grew out of Italian and German nationalism in 20 th century Fascism believes individual serves the state; nations are in competition for existence with one another Mussolini, fearing socialist takeover in the chaos of Italy after World War I, organized movement to end disorder and impose centralized control of society 2010, 2008, 2005 Pearson Education, Inc.

In the chaos of Weimar Germany Hitler used racism to stir up population during dark Depression era Appointed chancellor in 1933, Hitler established dictatorship, destroyed opposition, persecuted Jews With central control, Nazis restored German economy, largely by putting it on war footing Hitler’s foreign policy largely motivated by racism; hence his moves against Slavic Czechoslovakia, Poland, and Russia