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Mr. Saeteurn’s Agenda

Mr. Saeteurn’s Agenda. Permission Slips Crossword Puzzle Due Vocabulary Quiz Quiz Correction Communism vs. Capitalism Chart Go over Calendar http:// www.youtube.com/watch?v=DhlPAj38rHc. Vocab Quiz. Take 5 minutes to review your vocab.

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Mr. Saeteurn’s Agenda

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  1. Mr. Saeteurn’s Agenda • Permission Slips • Crossword Puzzle Due • Vocabulary Quiz • Quiz Correction • Communism vs. Capitalism Chart • Go over Calendar • http://www.youtube.com/watch?v=DhlPAj38rHc

  2. Vocab Quiz • Take 5 minutes to review your vocab. • When the quiz is passed out you will have 10 minutes

  3. Vocab Quiz Corrections • Pass the quiz to the person in front of you. • People in the front pass the quiz to the person sitting in the back of your row

  4. Answers • 10. c. Corporations • 11. a. rural, urban • 12. d. Urbanization • 13. d. All of the above • 14. a. Entrepreneur • 15. b. Collective Bargaining • 1. Capitalism • 2. Natural Resources • 3. Industrialization • 4. Unions • 5. Stock Market • 6. Agricultural Revolution • 7. Reform Laws • 8. Enclosures • 9. Crop Rotation

  5. Mr. Chan Saeteurn Smart Cool Awesome Happy Emotional athletic Thoughtful Nerd Educated Useful Reliable Nerd

  6. Capitalism vs. Communism Karl Marx Adam Smith

  7. Adam Smith Karl Marx Born: May 5, 1818 German decent Height: 5’9 Title (Works Produced) The Communist Manifesto Fighting styles (ideas) Communism Marxism Economist Philosopher Historian • Born: June 5, 1790 • Scottish decent • Height: Unknown • Titles (Works produced) • The Theory of Moral Sentiments • The Wealth of Nations • Fighting styles (ideas) • Capitalism • Social Philosopher • Laissez-faire

  8. Economic Systems Capitalism Communism The community or state should own property and the means of production Progress results when a community of producers cooperate for the good of all. Socialists believe that capitalist employers should take advantage of workers. Capitalism creates unequal distribution of wealth and material goods. A better service is to distribute goods according to each person’s need. An unequal distribution of wealth and material goods is unfair. A better system is to distribute goods according to each person’s needs • Individual business owns property • Progress results when individuals follow their own self interest • Business follow their own self interest by competing for consumer’s money. Each business tries to produce goods or services that are better and less expensive than their competitors. • Consumers compete to buy the best goods at the lowest prices. This competition shapes the market by affecting what business are able to sell. • Government should not interfere in the economy because competition creates efficiency in business.

  9. And the winner is…. http://www.youtube.com/watch?v=gSdu2AboNT8

  10. PV beats Chico High Almond Bowl

  11. Capitalism

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