China

Great Leap Forward

• The attempt by the People's Republic of China in 1959--60 to solve the country's economic problems by labor-intensive industrialization

Four Modernizations

• Goals of the political leadership in China after the death of Mao Zedong: modernization of agriculture, industry, national defense, and science and technology.

Cultural Revolution

• Radical movement in China lead by communist leader Mao Zedong. He punished anyone who spoke against communist government system.

People’s Republic of China

• A country in East Asia 3,691,502 square miles. Their capital is Beijing. Another word for China. Also known as Nationalist China.

Special Economic Zones

• An area with particular economic advantages, for example lower taxes than the rest of the country, to encourage investment and development there:

Mao Zedong

• Chinese chairman of the Communist Party of the Chinese People's Republic 1949–1976. Head of state 1949–1959. He cofounded the Chinese Communist Party in 1921.

• http://video.foxnews.com/v/3941696/mao-zedong/

Collective Farms

• Farmers worked together to produce goods and shared the products.

Communist

• A type of government where everyone is supposed to be treated equally. In reality one person holds all the power (usually becomes dictator) and people don’t work as hard because everyone's pay is the same.

Market Economy

• A capitalistic economic system in which there is free competition and prices are determined by the interaction of supply and demand.

Mixed Economy

• A mix of market and command. Producers have some say to how/what/where products are produced but the government also enforces laws and restrictions.

Command Economy

• Production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.