1. Charlie Chaplin Modern Times
What is Charlie Chaplin saying about industrialization in this movie?

2. Capitalism, Socialism & Communism
Effects of the Industrial Revolution

3. Capitalism Adam Smith Laissez-Faire economics “Hands-off”
Invisible Hand Theory: “Demand Economy”
Private ownership and profit
Business should compete
Growing gap between the rich and the poor

4. Drawbacks of capitalism

5. Some began to question capitalism because of the terrible working conditions and exploitation of the people

6. Class tension
 Rich vs. Poor
 Income gap
Exploitation of the workers
Poor working conditions
 Long hours, little pay
Greed and corruption?

7. SOCIALISM Command economy: No private ownership
Charles Fourier
Saint Simon
Command economy: No private ownership
 Government controls production
 Government controls distribution and costs
Goal: Eliminate the income gap
 Government takes action to create equality
 All are workers, none are owners
Popular among the poor, working class

9. Drawbacks of socialism
Effort is not rewarded
 Lazy workers earn as much as hard-workers.
Personal freedom is limited
Gov’t determines how much is made, how much it costs, & how much one can have.
Socialism usually leads to harsh dictatorship
Bad economic planning by the gov’t - supply often does not meet demand

10. An extreme reaction to Capitalism
An extreme reaction to Capitalism

11. Karl Marx The Father of Communism
Responding to growing gap between the rich and the poor
Saw two social classes in society
Bourgeoisie: The haves: upper middle class and wealthy factory owners
Proletariat: The have nots: working class
Marx saw the bourgeoisie growing wealthy off the backs of the proletariat
Society is doomed…….

12. The Communist Manifesto 1848
“All history is a class struggle”
“Workers of the world, unite!”
“From each according to his ability, to each according to his need”
Karl Marx and Friedrich Engels
wealthy abused the poor
Indus. Rev. was bad, it caused gap between the classes to grow
Predicted that the proletariat would overthrow the bourgeoisie

13. A revolution to a Classless Society
Common ownership of wealth.
Common ownership of business.
Everything is shared.
Proletariat would take control of the means of production (capital, factories, etc.)
Set up a classless society
No reason for government- the government would eventually wither away
Class conflict will not exist; no need for regulation
Communism begins with socialism.
A true communist state has never existed.

14. Marx inspired Vladimir Lenin, Russia 1917 Mao Zedong, China 1949
Fidel Castro, Cuba 1959
Ho Chi Minh, Vietnam 1960s
Kim Il Sung, North Korea

16. we need a classless society
Capitalism
Marxism
Laissez-faire
Government should not interfere
Self-
Interest
we need a classless society
labor of workers creates profit for employers
we need to have the rich/poor gap
Workers are exploited
need to eliminate the rich/poor gap
bourgeoisie
consumers compete with one another
businesses should compete with one another