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Challenging the Capitalist Order

Challenging the Capitalist Order. Bela Ronald And Micah Langerquist. Definitions. Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole .

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Challenging the Capitalist Order

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  1. Challenging the Capitalist Order Bela Ronald And Micah Langerquist

  2. Definitions • Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. • Progressivism: the political orientation of those who favor progress toward better conditions in government and society. • Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

  3. The Economy in the 1920s • Businesses were run my individuals (Capitalism). • Cheap labor

  4. 1929 market crash • Individuals put their money in the bank • Bank uses the money in the bank to invest • Bank gives out too many loans • People can’t pay back their loans • Individuals lose their money.

  5. Visual Explanation Bank investment money Individual’s money

  6. 2008 market crash • The line was taken away banks said, “1929 wont ever happen again” • In the early 2000s the market was good • By 2008 things got messy • Market crashed

  7. Context • For those of you who didn’t piece it together 1929 was the year the Great Depression started. • The socialists asking for government to take charge • Capitalist saying no that will not do • Everyone wants progress/improvement, so progressivism

  8. Affordable Care Act • The best example to show the conflict between socialism and capitalism. • We’re talking Obama care right now • Equal opportunity for health insurance for everyone (socialism) • Except insurance companies are like, “but wait a moment we wont profit as much from this!” (Capitalism)

  9. The End

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