1 / 8

Communism & Capitalism

Communism & Capitalism. Opposing economic theories Differences magnified during the Industrial Revolution Inspired governmental and political rivalries throughout the world. Communism.

humphrey
Télécharger la présentation

Communism & Capitalism

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Communism & Capitalism • Opposing economic theories • Differences magnified during the Industrial Revolution • Inspired governmental and political rivalries throughout the world

  2. Communism • “An economic system in which all means of production – land, factories, railroads, and businesses – are owned by the people, private property does not exist, and all goods and services are shared equally”

  3. Karl Marx • The Communist Manifesto 1848 • Radical Socialism • Predicted that the workers would someday REVOLT against the wealthy • Capitalism would destroy itself

  4. Marxism • Eventually a complete form of Socialism would arise • Total public ownership of means of production • No private Property • A classless society

  5. Capitalism • “An economic system in which money is invested with the goal of making more money (profit).” “One million dollars!”

  6. Adam Smith • The Wealth of Nations - 1776 • Free-market Capitalism • An “invisible hand” would guide the economy • Laissez-faire – gov’t s/b hands-off

  7. The Industrial Revolution • IR is driven by Capitalism • Inequities created by IR create an ideological GAP btwn CAP & COMM

  8. Read Communist Manifesto and Adam Smith Venn diagram

More Related