1. Rock, Paper, Scissors Play in pairs Count 1,2,3 Rock beats scissors
Scissors beats paper
Paper beats rock
Sit down when you are out of candy

2. Debrief: 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? Explain
Now 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?

3. Rock, Paper, Scissors Collect all candy Redistribute equally
Want to play a final round or keep and eat what you have?

4. Economic Systems & the Industrial Revolution

5. Capitalism
Maximizes liberty though the emphasis of private profit & ownership
Formally established by Adam Smith’s Wealth of Nations in 1776
Everyone is free to purpose any economic activity freedom to succeed or fail
Laissez-Fair: gov. should not interfere in the economy
UNLESS
1. foreign relations or national defense
2. maintain police and courts
Let the poor work hard in order to rise up.

6. Capitalism
Factors of production are owned by the people so they can make a profit
Individualism & competition are emphasized as good because they innovation
What is produced and how much is produced is decided by supply and demand= market economy
There will always be a lower class

7. Brainpop Adam Smith
Let the poor work hard in order to rise up.

8. Socialism Mix of equality and liberty
Concerned with the public’s welfare
Cooperation and social responsibility are emphasized as good
This is achieved through collective (public) ownership of the factors of production which economic equality
There is still some private ownership of property.

9. Socialism
Sometimes gov’t. intervenes in the economy in order to ensure that wealth is distributed equally
Gov’t. takes control of some industries while the rest are privately run
Centrally 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

10. Socialists Divided
All socialists agreed that economic equality needed to be achieved
However, they differed on how this should be obtained
This led to a split among the socialists.
Socialists: economic equality achieved through negotiations, peaceful means, and democracy
Communists: change will be too slow. Must have a revolution!

11. Communism Maximizes equality
Created by Karl Marx and Fredrich Engels in the book Communist Manifesto (1848)
Economic equality achieved through violent revolution
Class struggle workers’ revolt
Proletariat (laborers)will overthrow the Bourgeoisie(capitalists)

12. Communism Gov’t. ownership of the factors of production
No private ownership
Constant government intervention in the economy to promote equality
Gov’t. holds all economic decision making power= command economy
Create a classless society
Eventually no gov’t needed

13. Capitalist or Socialist?
DBHS
Socialist
Lemonade stand
Capitalist
Soup kitchen
Gov’t that provides free health care for all
Fire Dept.
Selling old video games on eBay
Yosemite Nat’l Park
Tea Rush

14. Brainpop Communism

15. Sketch
Label the classes
Add speech bubbles Karl Marx style
Appropriate title
Add color