1. WARM UP! P. 74 1.Give an example of someone who gets paid too much for what they do. Explain why you think so. 2. Give an example of someone who gets paid too little for what they do. Explain why you think so.

2. Quiz Everything away except pencil or pen.

3. America and the Class Divide Read the section to where Mr. Mikac tells you to stop. For each, on your separate sheet of paper, make a list of what you agree with and a list of what you disagree with as you read. http://www.youtube.com/watch?v=BRtc-k6dhgs to 2:26 http://www.youtube.com/watch?v=BRtc-k6dhgs http://www.youtube.com/watch?v=PF_iorX_MAw --Greed is Good 2:00--end http://www.youtube.com/watch?v=PF_iorX_MAw

4. Karl Marx vs. Adam Smith Communism vs. Capitalism

5. Capitalist Economics Economic philosophy begun by Adam Smith in his book, Wealth of Nations Stated that business and the economy would run best with no interference from the government. Also known as capitalism

6. The Communist Manifesto! *Begin Guided Notes* A book written by: Karl Marx and Frederich Engels in 1848

7. The Communist Manifesto Marx believed: conditions would lead to a communist revolution According to the book, those who control wealth and businesses also control society “In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.” -Scarface

8. A Workers’ Revolt The manifesto was a prediction that WORKERS WOULD REVOLT against the wealthy….

9. A Workers’ Revolt..to create a new society, free from money.

10. They divided the world into two groups Working class=Proletariat Class with money=Bourgeoisie The Revolution was imminent! And would be WORLDWIDE

12. Economic Evolution according to Karl Marx Feudalism => Capitalism => Socialism (Government controls production) => Communism (Workers control production)

13. Pure Communist Society! Everyone works All the production is equally shared This means no war, no police, no money

14. Workers of the world unite, you have nothing to lose but your chains! From each according to his ability, to each according to his needs. » -- Karl Marx

15. Marx opposed nationalism b/c he wanted all workers to unite. Marx saw religion as a tool of the upper class to keep the lower classes down. “Religion is the opiate of the people.”

16. The Modern World Read side ‘C’ of the blue paper Answer the three questions in your notebook You have ~10’

17. 1.Do you think it likely that a revolution as Marx described it could ever take place in United States? Explain. 2.Which group of people do the ideas of Marx favor? 3. Which group of people do the ideas of Smith favor?

19. Compare Communism to Capitalism Using side ‘D’ of the blue paper create an organizer like the one below to identify pros and cons of both communism and capitalism. Add at least one pro and con to communism and capitalism under each heading CommunismCapitalism Pros Cons

20. With a Partner! Using side ‘A’ of the pink sheet Create a Venn Diagram comparing and contrasting the Communist Manifesto to the Declaration of Independence You should have 4 items in each section of the Venn