Which is better? Capitalism or Communism? Sarah Wittrock

Reasons For Capitalism in Tyedye More work gets done because if you do a good job you will get paid better but if you do not work too hard, you won’t get paid as much More work gets done because if you do a good job you will get paid better but if you do not work too hard, you won’t get paid as much People feel like they are working for what they get People feel like they are working for what they get Instead of government, people make economic decisions which is better because the country decides as a whole instead of just a few people in government Instead of government, people make economic decisions which is better because the country decides as a whole instead of just a few people in government

Communism- why its not the right way to go Working hard= no raise Working hard= no raise Lazy workers= hard workers Lazy workers= hard workers This all results in everybody being lazy= poor quality of goods This all results in everybody being lazy= poor quality of goods

More reasons why is Capitalism better than Communism… Less tension between people because people who barely work should’nt be paid as much as somebody who works all the time Less tension between people because people who barely work should’nt be paid as much as somebody who works all the time This way, all is fair This way, all is fair

Definition of Communism Definition of Communism The economic system where government makes all economic decisions, Karl Marx wrote The Communist Manifesto, command economy, all are equal, ex: Robin Hood The economic system where government makes all economic decisions, Karl Marx wrote The Communist Manifesto, command economy, all are equal, ex: Robin Hood Basically, if you work hard, you still receive the same wages as someone who barely works Basically, if you work hard, you still receive the same wages as someone who barely works

Definition of Capitalism Definition of Capitalism The economic system where market makes economic decisions, Adam Smith- Wealth Of Nations, market- economy, laissez- faire, “Bill Gates” The economic system where market makes economic decisions, Adam Smith- Wealth Of Nations, market- economy, laissez- faire, “Bill Gates” Work hard and a lot- receive better wages and more money, do not work much- can’t receive as much Work hard and a lot- receive better wages and more money, do not work much- can’t receive as much Laissez- faire- French for ‘’hands off’’, policy of no government interference in capitalist economic system Laissez- faire- French for ‘’hands off’’, policy of no government interference in capitalist economic system

Industrial Revolution in Britain Capitalism was not used even close to as much as Communism was. Capitalism was not used even close to as much as Communism was. During this time, there was basically either the real rich people, entreprenuers, who sat there and did nothing but watch over the workers, proletariat, who did everything During this time, there was basically either the real rich people, entreprenuers, who sat there and did nothing but watch over the workers, proletariat, who did everything

Positives of the Industrial Revolution Positives of the Industrial Revolution More jobs open to people More jobs open to people Cheaper goods because there was more of each good being produced faster than ever before Cheaper goods because there was more of each good being produced faster than ever before More people to create cities More people to create cities

Negatives of the Industrial Revolution Negatives of the Industrial Revolution Pollution Pollution Child labor Child labor Dangerous machines Dangerous machines Bad working conditions Bad working conditions

What is the Industrial Revolution? What is the Industrial Revolution? HUGE change from farming by hand in the country to manufacturing and losing your hand in the city HUGE change from farming by hand in the country to manufacturing and losing your hand in the city Three Economic Questions Three Economic Questions What to produce? Who produces it? Who is it produced for?

Definitions of the Industrial Revolution Definitions of the Industrial Revolution Child labor- if children are working in the factories, then more money comes into the rest of the family Child labor- if children are working in the factories, then more money comes into the rest of the family Bourgeoisie- communist for “big rich guy class” Bourgeoisie- communist for “big rich guy class” Proletariat- communist for working class who should own the means of business Proletariat- communist for working class who should own the means of business Entrepreneur- French for rich guy who starts and runs a business Entrepreneur- French for rich guy who starts and runs a business

3 Most Important Points 3 Most Important Points Capitalism keeps people wanting to work, which makes a better country Capitalism keeps people wanting to work, which makes a better country Capitalism keeps a country progress further Capitalism keeps a country progress further Communism does not keep a country working because they feel there is no reason to work hard Communism does not keep a country working because they feel there is no reason to work hard