1. Do Now: What do you think this quote means? “I don’t care if a cat is red or white as long as it catches mice” - Deng Xiaoping - 1981

2. Paragraph # 1Paragraph # 2Paragraph # 3Paragraph # 4 -communes -decreased -responsible -harder -more -long -worked -more -same -more -little -higher -owned -money -have -the more goods are sold -the more profits they earned -goods -people

3. Responsibility System Incentive Program Foreign Capital & investment Entrepreneurs -Allowed peasants to own land & keep the profits. -As a result, crop production increases -the best & most efficient factory managers received bonuses. - As a result, industrial production increases -Foreign investment is encouraged in China. -As a result, Chinese businesses & industries modernize -Some private ownership of business was allowed. -As a result, owners kept profits & the amount & quality of goods increased

4. What are the main differences between Mao’s economic system & the 4 Modernizations of Deng?