1. Challenging the Capitalist Order Bela Ronald And Micah Langerquist

2. Definitions Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Progressivism: the political orientation of those who favor progress toward better conditions in government and society. Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

3. The Economy in the 1920s Businesses were run my individuals (Capitalism). Cheap labor

4. 1929 market crash Individuals put their money in the bank Bank uses the money in the bank to invest Bank gives out too many loans People can’t pay back their loans Individuals lose their money.

5. Visual Explanation Bank investment money Individual’s money

6. 2008 market crash The line was taken away banks said, “1929 wont ever happen again” In the early 2000s the market was good By 2008 things got messy Market crashed

7. Context For those of you who didn’t piece it together 1929 was the year the Great Depression started. The socialists asking for government to take charge Capitalist saying no that will not do Everyone wants progress/improvement, so progressivism

8. Affordable Care Act The best example to show the conflict between socialism and capitalism. We’re talking Obama care right now Equal opportunity for health insurance for everyone (socialism) Except insurance companies are like, “but wait a moment we wont profit as much from this!” (Capitalism)

9. The End