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Laissez Faire/ Adam Smith/ Capitalism

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Presentation on theme: "Laissez Faire/ Adam Smith/ Capitalism"— Presentation transcript:

1 Laissez Faire/ Adam Smith/ Capitalism
Adam Smith – advocates free market and free trade Government doesn’t interfere with the market Law of supply and demand determines prices Private individuals make economic decisions Private property and profit incentive

2 Marx/Engels – Communist Manifesto
Profits from work should belong to the workers Criticized the capitalist system during the Industrial Revolution Class struggle Proletariat would eventually overthrow capitalism

3 Traditional Economy Relies on hunting, farming, farming and herding
Bartering Self-sustaining

4 Thomas Malthus – Population Theory

5 Urbanization/Inequality
Affects much of Africa, Asia and Latin America Promoted by railroad Weakens traditional values Urbanization often leads to income inequality

6 Primary Source v. Secondary Source

7 AIDS Epidemic Causes life expectancy to go down in Asia and Africa
Widespread in Africa

8 Ethnic Conflicts/Genocide – Rwanda, and Africa after WWII,

9 Genocide - Cambodia – Pol Pot, Khmer Rouge, Killing Fields

10 Genocide - Holocaust/ Nuremberg Laws/Jews

11 Universal Declaration of Human Rights

12 Political Map – Shows Countries, Cities…..

13 Physical Map – Shows geographic Features of a Place

14 Topographic Map – Uses Contour Lines to Show Details

15 Peninsulas – Korea, Saudi Arabia, Spain/Portugal

16 Sahara Desert – A Natural Barrier that Separates North Africa from the Rest of the Continent

17 Monsoons - India

18 Subsistence Farming -Farmers Focus on Growing Enough Food to Feed Themselves and Their Families.

19 Eurocentric – Near East, Far East, Middle East

20 Middle East – Oil Exporting Countries - OPEC

21 European Union EU - A Politico-economic Union of 28 Countries

22 NAFTA – North American Free Trade Act

23 United Nations UN – an Intergovernmental Organization to Promote International Co-operation.

24 Organization of Petroleum Exporting Countries OPEC

25 Imperialism/Colonialism

26

27 Democracy

28 Fascism  - a governmental  system led by a dictator having  complete power,   suppressing  opposition and criticism

29 Social Scientist - Economist
Studies the distribution and use of limited resources (scarcity) Studies the production and exchange of goods and services Studies demand and supply Studies trade and development

30 Social Scientist- Archaeologist
Classifies artifacts Analyzes radiocarbon dating test Studies ancient ruins

31 Social Scientist - Historian
Use a variety of evidences Examines primary documents Compares society and regions

32 Monotheism – A Religion that Believes in Only One God

33 Polytheism – A Religion that Believes in Many Gods

34 Hinduism Vedas Caste Reincarnation

35 Buddhism Four Eightfold Nirvana Noble Truths Path

36 Religions that Emphasis on Harmony with Nature
Shinto Daoism Animism

37 Fundamentalism – Iran Revolution

38 Green Revolution

39 Desertification – Africa - Overgrazing

40 Global Warming

41 Deforestation/Rain Forest

42 Terrorism


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