Socialism And Communism1
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Transcript of Socialism And Communism1
Objective: Cover the development of Communism and Socialism
Communism and SocialismAre two other kinds of economies that some nations
practiceCommunism is a command economy where the
government owns and controls almost all businessesSocialism is a mixed economy where the government
owns some of the major businesses in the countryAnd where people outside the government made
some economic decisions
Ideas of Karl MarxKarl Marx 1818 to 1883Is considered the farther of Socialism and
CommunismMarx wrote the Communist ManifestoMarx believed workers were being treated
badly by Capitalist Marx believed the workers would rise up and
overthrow the rich
Working ConditionsWorkers were paid very littleWorkers worked 16 hrs a day on averageIn very dangerous and unclean conditionsIf a worker was injured on the job he was
fired and replacedChildren as young as seven worked 16 hrs a
day
Under CommunismThere would be no private propertyAll people would share wealthAfter a while the government would
disappearLeaving a worker’s paradise
Socialism TodayPeople who believe in socialism are called
socialistsSocialists believe public(government)
ownership protects workers from bad working conditions and low pay
They believe the government should answer the three basic questions of economics
Socialism TodaySocialists want to make sure no one becomes
too rich or too poorSocialists want to control key parts of the
economy such as Health Care, Banking, Railroads, Mines, Steel Industry
In socialist countries must services are free such as: education, child care, medical, unemployment and retirement benefits
However taxes in these countries are extremely high in some cases 60% of your income
Communism TodayUnder communism government owns
everythingPeople are told where to work and pay is set by
the governmentPeople’s Republic of China is under communismGovernment directs the economyFarmers may rent land from the government for
a priceIn 1989 a student up rising was crushed by the
communist in Tiananmen Square