1. DO NOW: 1/7/2015 WHAT IS THE “COLD WAR”? How would you describe this war? What do you know about it? What is the difference between a “hot” and “cold” war?

2. COLD WAR TERMS & DEFINITIONS

3. CAPITALISM  Private ownership  Freedom of competition  Survival of the fittest  Laissez-faire government  Various economic classes

4. SOCIALISM  Government ownership of industry  End goal: economic equality of all people  Classless society

5. DEMOCRACY  Government by the people through voting  Two forms: Representative Direct

6. TOTALITARIANISM  Government by one or a few  Total control over many aspects of people’s lives  No freedom of press or speech

7. FREEDOM  The condition of being free  Freedom of the press, of speech, of religion and to do business is highly valued

8. EQUALITY  Condition of being equal  Meeting basic needs – food, housing, education, and jobs-for all people highly valued.

9. INDIVIDUALISM  Individual pursuits and achievements highly valued  People working on their own reach their highest level of achievement also benefit society

10. COLLECTIVISM  People working together benefit the whole  “all for one, and one for all”