Russian Imperial Flag Russian Imperial Flag
Free Market Economy (Capitalism)- price driven/incentive drive Command Economy (Communism) Philosopher(s) Ideas Who determines Price? Who determines Supply? Who determines Demand? Adam Smith Karl Marx Hands off, faith in the market, competition leads to improvements- price will allocate scarce resources to their most useful place Class struggle, haves and have not’s, Gov’t Regulation, shared ownership of resources People/competition Government
Capitalism vs. Communism Free Market Economy (Capitalism) Command Economy (Communism) Who determines Wages Views on private property? Views on competition? Gov’t influence on the economy? Views on Freedom Inventions/improve GovernmentPeople/competition rewarded Encouraged- through competition- scarce resources that have alternative uses will be allocated to their must useful place Valued- freedom of choice allows for competition Limited- mostly to protect a competitive setting incentives Discouraged- share ownership of resources, the rich are rich because they have taken advantage of others Discouraged Hands on Regulation over choice People lack incentives
Film
Continue up to stalin Find videos on you tube Create a compare and contrast anaylsis sheet between French and Russian revoltution Bloody Sunday Uog w Rasputin Gk 8-4o Czar gives up power s Nov 7 th jc&feature=fvsr
Revolution Model 1.Status Quo 2. Strain on the system (forces of Change) 1.Soaring then crashing 2.Class struggle 3.Unhappy intellectuals 4.Incompetent Government 5.Gutless leaders 6.Fiscal Irresponsibility 7.Misuse of military 8.Reduction of Rights 3. Breaking Point – An event or a series of events that serve as final straw and necessitate change 4. Revolution 5. Aftermath Revolution Revolutionaries establish system that goes beyond even original balance 6. Counter revolution- moving closer to original balance