1. Communism vs. Capitalism

2. Goal: Differentiate between communism and capitalism and examine their advantages and disadvantages.

3. What is Communism? This is the symbol of Communism – The Hammer and the Sickle Hammer for the Workers Sickle for the Peasants – the farm labourers

4. Marx and Engels wrote the “Communist Manifesto” in 1847. It’s a short book and it serves as the “Bible” for Communists. This is Karl Marx, the ‘Father of Communism’. People who believe in his ideas are called ‘Marxists’ This is his good friend, Frederick Engels.

5. Development of history Marx and Engels studied the history of the world’s economies and the civilizations of the past. They concluded that history developed in stages: Communism Socialism Capitalism Feudalism Primitive Communism

6. This is how humans first lived together – in small tribes. Primitive means basic. Communism means that everything was shared– food, jobs, belongings. No one owned land. Eventually a group comes to power – this leads to Feudalism… Primitive Communism

7. Under feudalism, a king or emperor or chief becomes the ruler over all the people The people are kept uneducated and told that god chose the king to rule. The church helps the king this way. As trade develops, some people get richer. This leads to Capitalism….. Primitive Communism Feudalism

8. The business owners get richer while the workers do all the hard work. Capitalism creates a huge working-class of people who soon get angry at the way they are treated. They eventually organize and demand changes. Capitalism Feudalism

9. In the Socialist revolution all the rulers – kings, churches, capitalists are eliminated. The workers take control of the country to produce things for everyone. These ideas spread across the world to eventually create Communism…. Capitalism Socialism

10. The remaining capitalists put up a bitter fight, but the will of the people will always win. As everyone now works together, war is a thing of the past – armies are not needed. Sharing means no police are needed. Everything is provided by the people – so money becomes a thing of the past. Socialism Communism

11. Communism: a system in which goods are owned in common and are available to all as needed

12. Capitalism: a system based on private ownership and on investment of money in business in order to make a profit.

13. Now that you have the definitions, in your notebook give some pros and cons of each system CapitalismCommunism Pros : Cons: