Presentation on theme: "Rock, Paper, Scissors Play in pairs Count 1,2,3 Rock beats scissors"— Presentation transcript:
1Rock, Paper, Scissors Play in pairs Count 1,2,3 Rock beats scissors Scissors beats paperPaper beats rockSit down when you are out of candy
2Debrief: Rock, Paper, Scissors How did you feel at the start of the game?How did you feel when you ran out of candy and had to quit the game?What tactics could you have used to get back into the game? Why didn’t you try those tactics?Do you think this game was fair? ExplainNow that the game is over, what action could Mr. Hernandez or Ms. Landi take, if any, to make the game fair? Should they take action?
3Rock, Paper, Scissors Collect all candy Redistribute equally Want to play a final round or keep and eat what you have?
5CapitalismMaximizes liberty though the emphasis of private profit & ownershipFormally established by Adam Smith’s Wealth of Nations in 1776Everyone is free to purpose any economic activity freedom to succeed or failLaissez-Fair: gov. should not interfere in the economyUNLESS1. foreign relations or national defense2. maintain police and courtsLet the poor work hard in order to rise up.
6CapitalismFactors of production are owned by the people so they can make a profitIndividualism & competition are emphasized as good because they innovationWhat is produced and how much is produced is decided by supply and demand= market economyThere will always be a lower class
7Brainpop Adam SmithLet the poor work hard in order to rise up.
8Socialism Mix of equality and liberty Concerned with the public’s welfareCooperation and social responsibility are emphasized as goodThis is achieved through collective (public) ownership of the factors of production which economic equalityThere is still some private ownership of property.
9SocialismSometimes gov’t. intervenes in the economy in order to ensure that wealth is distributed equallyGov’t. takes control of some industries while the rest are privately runCentrally planned economy= gov. mostly plans how the economy will develop over a period of years.What is produced and how much depends on what benefits the majority
10Socialists DividedAll socialists agreed that economic equality needed to be achievedHowever, they differed on how this should be obtainedThis led to a split among the socialists.Socialists: economic equality achieved through negotiations, peaceful means, and democracyCommunists: change will be too slow. Must have a revolution!
11Communism Maximizes equality Created by Karl Marx and Fredrich Engels in the book Communist Manifesto (1848)Economic equality achieved through violent revolutionClass struggle workers’ revoltProletariat (laborers)will overthrow the Bourgeoisie(capitalists)
12Communism Gov’t. ownership of the factors of production No private ownershipConstant government intervention in the economy to promote equalityGov’t. holds all economic decision making power= command economyCreate a classless societyEventually no gov’t needed
13Capitalist or Socialist? DBHSSocialistLemonade standCapitalistSoup kitchenGov’t that provides free health care for allFire Dept.Selling old video games on eBayYosemite Nat’l ParkTea Rush