What is Communism? Communism - a government where people
shared work fairly and were paid equally. The word “Communism” comes from the Latin
word “Communis” which means common or belonging to all.
The Beliefs of Communism
The rich get richer. The poor get
poorer. People wanted to
make everything equal.
Do you agree? Or disagree?
Based off of what you know, do you think Communism is a good idea?
If yes: explain why
If no: what are potential dangers of Communism?
Capitalism
An economic and political system in which a country's trade and industry are controlled by private owners for profit.
Basics of Capitalism: Capitalism is said to
promote economic growth and the overall standard of living.
In other words, capitalism creates CAPITAL (money) …and lots of it.
Basics of Capitalism: Buyers (people) influence the market
through their demand and ability to purchase goods and services. There is very little government intervention.
Producers (businesses) are motivated by profit (money) and therefore create whatever goods people will buy.
In other words, the businesses run the economy, the government stays out of it!
Do you agree? Or disagree?
Based off of what you know, do you think Capitalism is a good idea?
If yes: explain why
If no: what are potential dangers of Capitalism?
Problems with Communism:
Lack of individuality
Lack of choice Equal treatment
for all, even if you work harder than all the rest
Problems with Capitalism:
There is a growing gap between the rich and the poor. The rich get richer and the people who work for them remain poor.
So what is the best solution?
Do you believe that Communism or Capitalism is a better economic system?
“Yes” = Capitalism “No” = Communism Be sure to you
specific reasons to support your answer.
Chinese Economy from WWII - Present After WWII, the
Communist Party gained a lot of support.
Mao Zedong was the leader
Mao’s China
Mao Zedong used propaganda to spread the ideas of Communism and published “The Little Red Book” to teach people communist philosophies
The Great Leap Forward - 1958 In 1958 Zedong began a radical program called the
Great Leap Forward to increase production in farms and factories
The Communists rushed to increase production and made people with little to no experience try to farm or produce steel in their backyards.
The steel was of poor quality making it useless and the poor weather resulted in a widespread famine.
An estimated 30 million people died of starvation
The Cultural Revolution - 1966 Create a society with no ties to the past:
– Closed schools– Urged students to rebel against their students,
these people were called “Red Guards”– Many Ancient Chinese buildings were destroyed– Anyone opposing Zedong was attacked by the
young Red Guards– Finally, they began to turn against Zedong and
were eventually imprisoned– Hundreds of thousands of
people were killed– China was in turmoil!
The Four Modernizations - 1981
Deng Xiaoping became the new leader of China in 1981. Over the past 20 years, China has seen slow changes in their economy, allowing some free enterprise (meaning that the government does control ALL aspects of the economy)
Xiaoping led The Four Modernizations: – Farming– Industry– Science– Defense
Modern China Today, China is a major economic power China still only has one political party, the Chinese
Communist Party, meaning there is no political freedom
In 1989, people gathered in Tiananmen Square in China’s capital to protest for democracy. The government sent in troops and tanks, 1000’s were killed or wounded.
Modern China There is still a need for human rights reforms… China today is one of the world’s greatest
manufacturing countries While the economy is slowly changing, there is not
much room for political change given the fact that
there is only one political party allowed.
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