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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. 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?
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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
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?
Rock, Paper, Scissors • Collect all candy • Redistribute equally • Want to play a final round or keep and eat what you have?
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.
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
BrainpopAdam Smith • Let the poor work hard in order to rise up.
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 whicheconomic equality • There is still some private ownership of property.
Socialism • Sometimes gov’t. intervenes in the economy in order to ensure that wealth is distributed equally • Gov’t. takes control of someindustries 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
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!
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)
Communism • Gov’t. ownership of the factors of production • No privateownership • Constant government intervention in the economy to promote equality • Gov’t. holds all economicdecision making power= command economy • Create a classless society • Eventually no gov’t needed
Capitalist or Socialist? • DBHS • Socialist • Lemonade stand • Capitalist • Soup kitchen • Socialist • Gov’t that provides free health care for all • Socialist • Fire Dept. • Socialist • Selling old video games on eBay • Capitalist • Yosemite Nat’l Park • Socialist • Tea Rush • Capitalist
Sketch • Label the classes • Add speech bubbles Karl Marx style • Appropriate title • Add color
