Political/Economic Systems Introductory Notes: Animal Farm.

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Presentation transcript:

Political/Economic Systems Introductory Notes: Animal Farm

Totalitarianism form of government in which the ruler is an absolute ruler, not restricted by a constitution, laws or opposition political system where the state has total authority over society and tries to control all aspects of public and private life Synonym: dictatorship EX: When I gave out candy the first time, giving it only to those who are closest to me, then giving and taking as I saw fit, our class had a totalitarian government.

What are the problems with a totalitarian government? *Hint* Think about what went wrong when I was a totalitarian leader.

Capitalism an economic system based on private ownership of the production and the creation of goods or services for profit Offers opportunity for changing one’s economic status, but does create a class system EX: When I gave candy to those who were lucky enough to sit near me or worked very hard, this was a capitalist classroom. Rewards were detirmined by work ethic and social class.

What are the problems with a capitalist economy? *Hint* Think about what went wrong when I gave out candy for the second time. What issues arose?

Socialism an economic system characterized by co- ownership of the means of production and co-operative management of the economy Key Features: equal distribution of wealth and goods regardless personal contribution, a “class-less” system EX: When I gave one piece of candy to everyone, regardless of work ethic or seat placement, we had a socialist classroom.

What are the problems with a socialist economy? *Hint* Think about what went wrong when I gave everyone a single piece of candy. What issues arose?

Journal Writing Write 5-8 sentences about what type of economic structure the U.S. has. How did you come to this decision? Support your argument with information from our notes.