1. Captitalism vs. Communism

2. What is Communism?
Communism - a government where people shared work fairly and were paid equally.
The word “Communism” comes from the Latin word “Communis” which means common or belonging to all.

3. The Beliefs of Communism
The rich get richer.
The poor get poorer.
People wanted to make everything equal.

4. The Goal of Communism
Goal: to get rid of social classes and make everything fair for everyone.

5. Do you agree? Or disagree?
Based off of what you know, do you think Communism is a good idea?
If yes: explain why
If no: what are potential dangers of Communism?

6. Capitalism
An economic and political system in which a country's trade and industry are controlled by private owners for profit.

7. Basics of Capitalism:
Capitalism is said to promote economic growth and the overall standard of living.
In other words, capitalism creates CAPITAL (money) …and lots of it.

8. Basics of Capitalism:
Buyers (people) influence the market through their demand and ability to purchase goods and services. There is very little government intervention.
Producers (businesses) are motivated by profit (money) and therefore create whatever goods people will buy.
In other words, the businesses run the economy, the government stays out of it!

9. Do you agree? Or disagree?
Based off of what you know, do you think Capitalism is a good idea?
If yes: explain why
If no: what are potential dangers of Capitalism?

10. Problems with Communism:
Lack of individuality
Lack of choice
Equal treatment for all, even if you work harder than all the rest

11. Problems with Capitalism:
There is a growing gap between the rich and the poor. The rich get richer and the people who work for them remain poor.

12. So what is the best solution?
Do you believe that Communism or Capitalism is a better economic system?
Be sure to you specific reasons to support your answer.

13. Cold War Terms and Definitions
United States
Capitalism:
Private ownership of industry
Freedom of competition
Survival of the fittest
Laissez-faire: government keeps “hands off”
Creates different economic classes
Soviet Union
Socialism:
Government ownership of industry
Created as reaction to capitalism
Goal is to bring economic equality to people
Classless society

14. United States Democracy: Soviet Union Communism:
Government by the people
Two forms:
Representative
direct
Soviet Union
Communism:
Government by one or a few
Total control over many aspects of people’s lives
No freedom of press or speech

15. United States Freedom Soviet Union Equality:
The condition of being free
Highly valued:
Freedom of press
Freedom of speech
Freedom to do business
Soviet Union
Equality:
Condition of being equal
Highly valued:
Basic needs: food, housing, education, and jobs (supplied for all people)

16. United States Individualism: Soviet Union Collectivism
Stresses the need for people to do things on their own
Competition; the best individuals reach higher levels of power, status, or money
Soviet Union
Collectivism
Stresses the need for people to work together to benefit the whole
“all for one, and one for all”