1. Welcome to Communist Rhinehartown
Welcome to Communist Rhinehartown. Upon entering into this classroom today you have accepted the terms and conditions of a communist society where everyone is treated equally. Your new grade in the class is a 78. Please enjoy your stay…because you are not able to leave = ) (muahaha)

2. Warm-up questions
Give me 3 positive and 3 negative effects of the industrial revolution?
With so much revenue being driven into the economy from the industries, who do you believe should have more control over it, The government or the business owners? Defend your answer.
Tell me all that you already know about communism (including leaders, countries, fundamentals etc.)

3. Rock-paper-scissors Tournament
Many will enter…. But only one student will be crowned…. The ROCK-PAPER-SCISSORS TOURNAMENT CHAMPION!!!!

4. Effects of Industrialization
Shifted world balance of power. How?
Increased competition in industrialized nations and poverty in less developed nations.
Industrialized countries viewed poor countries as markets for their manufactured products
Industrialization gave Europe tremendous economic power. How?

5. Communism Vs Capitalism
Opposing economic theories
Differences magnified during the Industrial Revolution
Inspired governmental and political rivalries throughout the world

6. Communism
“An economic system in which all means of production – land, factories, railroads, and businesses – are owned by the people, private property does not exist, and all goods and services are shared equally”

7. Karl Marx The Communist Manifesto 1848 Radical Socialism
Predicted that the workers would someday REVOLT against the wealthy
Capitalism would destroy itself

8. Marxism Eventually a complete form of Socialism would arise
Total public ownership of means of production
No private Property
A classless society

9. Countries claiming to be communist between 1979-1983

10. Communist countries 2012
China, Cuba, Cambodia, Laos, Vietnam, and North Korea

11. Communism today
Before, Communism meant public ownership of all or most means of production by the Communist party-run state, is necessary for the possibility to further the interest of the working class; today, a communist state, as in China and Vietnam for instance, can exist alongside a mixed economy.

12. Capitalism “One million dollars!”
“An economic system in which money is invested (capital)with the goal of making more money (profit).”
“One million dollars!”

13. Adam Smith The Wealth of Nations - 1776 Free-market Capitalism
An “invisible hand” would guide the economy
Laissez-faire – gov’t should be hands-off

14. The Industrial Revolution
IR is driven by Capitalism
Inequities created by IR create an ideological GAP btwn CAP & COMM

15. Is Walmart good for America?