Reading: Capitalism and Socialism. What is Socialism? 0000003302 00000 n Thursday: Declaration of Independence & American Revolution Effects, HW: Finish current events New Nation Student Handout You will receive your score and answers at the end. Directions: Read the following passages carefully. 4. 94 24 Be prepared to discuss and explain the ideas and terms you selected. Prepare: Your initial post in this discussion must be informed by the required material for this discussion. Capitalism or Socialism. As they read the article, they should complete the worksheet (handout 4). Andrew Carnegie was largely responsible for the great advances in steel production. In this assignment, you will define the roles capitalism and socialism play along with the pros and cons of each. Socialism is not always atheistic, communistic, and oppressive. Subject Area(s): Social Studies. Capitalism and Socialism Kerby Anderson writes that recent polls show the a mere majority of Americans believe in capitalism. Highlight or underline key ideas and terms that are important to understanding each economic system. These are, of course, in development and I would welcome any criticism or thoughts from people more experienced in this! Which of the following is the best explanation of socialism? b. Adam Smith, Karl Marx, and John Maynard … Lastly, students connect the information to the economic effects of capitalism on the United States, and they reflect on the unequal distribution of wealth in this country after watching a short 5 minute video (video link included). Socialism Capitalism •In the Socialist revolution all the rulers – kings, churches, capitalists are got rid of. After students have had several minutes to write their answers, discuss their answers as a class. 4. – The truth is, This chart gives some statistics and other information comparing communist North Korea to Sweden, which has a market economy but many socialist qualities. ��8�#�8�%�m��Rh0?�oq��p7�;{���������攤�eq� 2C����M��z�����w�9�i,s�l>y�(g�R��q��/ Speculation has no place on this sub. printable math tests for k - 7 grades, math printable downloads with answer keys attached, free extra learning materials for teachers to. An Economics Reading List Capitalism and Socialism Barry, Norman, “The Tradition of Spontaneous Order” (Literature of Liberty, 1982) Brief Review Boettke, Peter, Why Perestroika Failed : The Politics and Economics of Socialist Transformation Boettke, Peter, The Collapse of Development Planning Boettke, Peter, The Collapse of Development Planning Hayek, F. A., (ed. Capitalism: Capitalism is an economic system based on money (capital = money). Democratic socialism … Capitalism is an economic and political system in which property, business, and industry are owned by private individuals -- not by the state. Spectacular Fireworks January 23, 2017. CREATING A CUSTOMIZED FILE a. Highlight or underline key ideas and terms that are important to understanding each economic system. Well, this is amusing. 0000007120 00000 n ECONOMIC CHARACTERISTICS OF CAPITALISM, SOCIALISM, AND COMMUNISM Capitalism Socialism Communism Ownership of property Principle of operation Choice of work Wages Profits Government’s role Government involvement Amount of competition Production decisions Economic Theories DIRECTIONS Use the information in your textbook to complete the chart. This preview shows page 1 - 4 out of 15 pages. Student Handout 3: Capitalism and Socialism Reading Student Handout 4: Document Analysis Guide Student Handout 5: Writing Prompt and Task Sheet Document 1: The Pyramid of Capitalist System Document 2: Writings from Marx and Engels Document 3: Adam Smith, The Wealth of Nations Document 4: John Locke, Jean Jacques Rousseau and John Stuart Mill, …The Purpose of … Hoard it, sell it, exchange it voluntarily, etc. 0000002976 00000 n Just some history behind the game.) … Government officials and academics are constantly attempting to throw capitalism overboard so that socialism can reign free. In order to present an organized post, address each one of these tasks in a separate paragraph and in the following order. What do you imagine wed be comparing/contrasting ommunism with? 0000003885 00000 n 3. Teacher asks students to turn over to page 2 of handout Venn Diagram [literacy/language support 1.1, instructional material . The best-selling novel was unabashedly sentimental, and much of the reading public clearly sympathized with the pure, humble immigrants. Created: Jul 28, 2015 | Updated: Aug 19, 2015. The point of Monopoly as its creator intended was to show how capitalism is bad and had alternate socialism rules that were supposed to show how much better it was. Capitalism and Socialism Reading . 0000008786 00000 n Use the left hand column to take notes. H�tSMo�0��W�G#��q�v�.�&��(�w�a'Q�����,�NI���� @�}�eeS@��MF�,+��÷���L���[�V�$�*� �gTh'=�� r��PG}z�Oݧ�W�z)��o�/{vzt ;�A�^+}�=/_c�ԔI*܃���a'�Q�54o��@�U�)cO�3n�]�N�O4���H��V$��rޅk�&0�i֧ݤO�E`>��a����C}��c��� ��i�{9��^�g�W9��R��U��El�u����F����R+� ;�x �J���JNu����*΃��x�&w�+XXj�wHi��U;�=cC��79��J*�Ƥ${�[xA{ATq���ݩ8�U��[�x�"پn>�mn��=��Z,��= �niD��h��:���;*Ny!� Ll�=�ǧoIZRN~. 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