I. What is Communism?

1. I. What is Communism? A. Communism is a philosophy that was created by Karl Marx in the mid 1800’s. B. Communism calls for economic equality in which the government controls all economic aspects of the country.

2. LEFT:Marx wrote a pamphlet that is known as the Communist Manifesto that urged a classless society led by the working class Above: The main idea behind Communism. The German, Karl Marx is known as the founder of Communism.

3. What are the important elements of communism? 1. The government controls the economy. 2. There are no economic classes. 3. Stress is placed on the efforts of the group not on the individual. 4. The government controls and owns industry and property. 5. People give their rights up to the government.

4. Above left: Vladimir Lenin, the man who led the Russian Revolution of 1917. This revolution marked the beginning of Communist Russia. Above right: a propaganda poster that glorifies Vladimir Lenin.

5. III. What is capitalism? A. Capitalism is an economic system in which individuals make key economic decisions by purchasing products. B. In capitalist countries, the government primarily does not control the economy, instead the economy is controlled by consumers.

6. Who is this man? What did he do? Why is he so in love with himself? (OOOH LAH LAH)

7. What are the Important Elements of Capitalism? 1. People are motivated by profit. 2. There are 3 economic classes. 3. People have economic rights and choices. 4. Property and businesses are owned privately. 5. Consumers control the economy.

8. V. WHY COMMUNISM HAS NOT WORKED A. Confiscation example. B. Factory example. C. Public restroom example. D. Communism typically results in . . 1. Low motivation for workers. 2. Unnatural requirements of people. 3. Lack of ownership. 4. Lack of care.