Russian Imperial Flag 1699--1917 Russian Imperial Flag 1914-1917.

Slides:

Advertisements

Similar presentations

Chapter 2 Economic Systems.

Advertisements

Capitalism. Characteristics of Capitalism Land and capital are privately owned. (They are not owned by the government.) Land and capital are privately.

Capitalism, Socialism, and Communism

Capitalism, Socialism, and Communism. Capitalism “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but.

Capitalism and Free Enterprise

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” 1.Do.

Revolution Model 1. Status Quo or Balance between Authority and Liberty Purposes of Government are being met and people are satisfied 2. Strain on the.

Economic Systems and Theorists

Name:__________ Date:___________ Mods:__________

Economics of the Industrial Revolution. The Industrial Revolution opened a wide gap between the rich and the poor. While business leaders believed the.

ALL ABOUT ADAM SMITH Father of Capitalism. What book did he write? Inquiry into the Nature & Causes of the Wealth of Nations (a.k.a…The Wealth of Nations.

Capitalism vs. Socialism

Adam Smith & Karl Marx & John Keynes Three men who shaped modern Economics.

Adam Smith vs. Karl Marx Kempton & Patten Global History II Mepham High School.

Agenda Bellringer Review Questions Notes: Economic systems with Index Cards Exit Ticket Mod 3: Thematic Essay due Friday.

Adam Smith’s Market Economy

Starter Define these terms in your own words: – Human capital – Investment – Capital investment – Capital goods – Consumer goods – Opportunity cost – Trade-off.

The Russian Revolution

Economics  What?  How?  Who?. Economic System:  A particular set of social institutions which deals with the production, distribution and consumption.

ECONOMIC SYSTEMS AND THE INDUSTRIAL REVOLUTION. Opening Question  What is an economy?  What comes to mind when you think of an “economy”?

Introduction to Business, Economic Resources and SystemsSlide 1 of 60 Making Decisions About Production No society has enough productive resources available.

Economics of the Industrial Revolution. Problems of Industrial Revolution  Time to look for solutions! Some believed the market would fix the problems.

What are the four types of economic systems?

Economic Theories Economics: A study of human efforts to satisfy seemingly unlimited wants through the use of limited resources. Resources include both.

Economic Systems and the American Economy Chapter 2.

Types of Government Basic Economic Unit Part II. Types of Economic Systems.

What is economics? Economics: the production, distribution, and consumption of goods and services. “The Economy” is the exchange of goods and services.

Economic Systems Capitalism, Socialism & Communism Liberty or Equality?

Economic Systems Three Basic Questions Due to scarcity, individuals, governments, and businesses, must make decisions about what to produce. The type.

3 Primary Economic Systems Different Economic Systems Explored Economics.

Comparing Economic Systems Vocabulary Review. 9/25 Do Now  What is the difference between a command economy and a market economy.

Philosopher(s) and year Key Ideas Driving ForceNatural or Man made Who determines key economic principles? The People or the Government? Factors of ProductionPriceSupply/Demand/OutputWages.

Unit 2 Review Economics is the study of _____________, _________________, and ______________ Production, consumption and distribution.

Industrial Revolution Formative Assessments Economic systems Weeks 3-4.

Karl Marx-History is a record of class struggle between the “haves” and “have nots”. The haves control the means of production (key industries). The have-

The problems caused by the Industrial Revolution caused many to look for solutions. While some believed the market would eventually fix the problems, others.

Types of Economies Chapter 26 Section 2. Market Economies In a pure market economy, decisions are made in free markets by the interaction of supply and.

ECONOMIC SYSTEMS An economic system is an organized way a society provides for the wants and needs of its people, or how a society answers the three basic.

Title: Market Economy EQ: How Does a Market Economy Work ? Cornell Notes.

Capitalism and Socialism Or Free Market System and Command Economies.

Economic Systems Market, Command and Traditional.

UNIT 7 PAGES OVERVIEW OF THE US ECONOMY. OVERVIEW OF BASIC ECONOMIC SYSTEMS Traditional : based on customs and traditions Command : government.

ECONOMIC SYSTEMS An economic system is an organized way a society provides for the wants and needs of its people, or how a society answers the three basic.

CAPITALISM VS. SOCIALISM. Factors of Production Land – natural resources Capital and Technology – human made resources used to produce goods  Ex: buildings,

Economic Theories. Economics Limited Resources Unlimited Wants Governments Regulate Resources Through Various Economic Systems Economic Systems Decide.

Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian.

– 3. Relationship between legislative and exec. Branches. a. Presidential: 2 branches are both chosen by voters – considered separate and equal. b. Parliamentary:

ECONOMICS 101 CAPITALISM/COMMUNISMSOCIALISM. Key Terms Laissez Faire – “Hands Off,” No government involvement in the economy. Laissez Faire – “Hands Off,”

Economic Systems U.S. GOVERNMENT CLASS – UNIT 1. The Role of Economic Systems  Governments around the world must make economic decisions that include:

Russian Imperial Flag Russian Imperial Flag

EOC Review Civics and Economics Economics Basics & Types of Economies

Adam Smith vs. Karl Marx.

Theory Proponents How it would work? Capitalism Adam Smith

The Russian Revolution

Capitalism Communism Philosopher(s) and year Key Ideas Driving Force

Adam Smith vs. Karl Marx.

Economic Systems and the American Economy

Unit 1: Foundations of Government

4 Types of Economic Systems

Capitalism Vs Communism

Unit 7: Economics & Choices

Economic Systems of Industrialization

Economic Theories Remember to title and date your notes. Also include ALL the bold information.

Warm Up: Economic Theories

Adam Smith’s Market Economy

Capitalism & Socialism

Goal 7: Economics & Choices

Capitalism & Socialism

Production Managing resources Physical production Distribution.

Presentation transcript:

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