1. Why would some people be opposed to industrialization?
Bellwork-Put homework and essay in black basket on my desk. Use your impact of Industrial Revolution Notes to answer
Why would some people be opposed to industrialization?

2. Table of contents
2/6/15 Capitalism vs. Communism pages 53-54

3. Capitalism vs. Communism Two column notes Capitalism info on the left side communism info on the right side

4. Who? Karl Marx and Friedrich Engels
Capitalism:
Who? Adam Smith
Book? Wealth of Nations
Socialism/Communism:
Who? Karl Marx and Friedrich Engels
Book? Communist Manifesto (Marx/Engels) and Das Kapital (Marx)

5. What is most important for business?
Capitalism
Individual Worker is most important.
People work harder when they make profit.
Companies do better when they make profit. .
Socialism/Communism
Society, as a whole, is most important.
All people should be equal

6. Role of Government:
Capitalism
Laissez – Faire: Leave it alone and let the market sort itself out.
Socialism/Communism
Government should be in total control and distribute wealth evenly.

7. View of wealth ($$):
Capitalism
Wealth motivates people to work.
If you don’t work, you’ll be poor. .
Socialism/Communism
Wealth should be distributed evenly.
No rich and no poor

8. View of Property
Capitalism
Private property – You’ll work harder for what’s yours.
Socialism/Communism
No private property – everything is shared.

9. What does each dislike about the other?
Capitalism says about Socialism/Communism
No reason to work harder
Individual doesn’t matter
Can’t get rich.
Socialism/Communism says about Capitalism
Some people are poor.
People are too greedy.
Owner’s mistreat workers to make money.

10. Exit Ticket 3x3 Vocabulary list
Revolution
French revolution
Industrial
Monarchy
American revolution
Change
Crop rotation
Population
Urban
Growth
Pollution
rural
Economy
Middle class
Environment
War
Poor
Government
Origin
Factories
Workers
Taxes
textile
Steel
Steam engine
Railroad
Waterways
Machines
Education
Housing
Natural resources
Bacteria
Capitalism
Socialism
Imperialism
communism