11/17 Do Now 11/17 Do Now

What is the difference between urban What is the difference between urban and rural?and rural?

What is urbanization?What is urbanization? The process of building cities as more The process of building cities as more

people move from the countryside (rural) people move from the countryside (rural) to the cities (urban)to the cities (urban)

Economic SystemsEconomic Systems

Standard: Analyze the emergence of capitalism as a dominant economic pattern and the responses to it, including Utopianism, Social Democracy, Socialism, and Communism.

SWBAT SWBAT identify identify andand compare compare the four economic the four economic systems.systems.

Todays AgendaTodays Agenda

1.1. Do NowDo Now

2.2. 4 Changes Chart4 Changes Chart

3.3. 4 Economic System Notes4 Economic System Notes

4.4. 4 Economic System Brochure4 Economic System Brochure

In Notebook: 4 Changes In Notebook: 4 Changes from the Industrial from the Industrial RevolutionRevolution

4 Changes Chart4 Changes Chart UrbanizationUrbanization

2 facts2 facts Where would you rather live at this time? In the city of Where would you rather live at this time? In the city of

countryside? Explain Why?countryside? Explain Why? Living ConditionsLiving Conditions

2 facts2 facts Are the living conditions in cities better now thhan they were then?Are the living conditions in cities better now thhan they were then?

Working ConditionsWorking Conditions 2 facts2 facts How would you feel if you were seriously injured on the job and How would you feel if you were seriously injured on the job and

fired?fired? Formation of the middle classFormation of the middle class

2 facts2 facts What do you think the middle class life is like today? What do you think the middle class life is like today?

ResourcesResources

WH Week 16WH Week 16 PPT: Industrial Revolution ChangesPPT: Industrial Revolution Changes

Notes: Comparison Notes: Comparison of the 4 Economic of the 4 Economic SystemsSystems

EconomicsEconomics

Economics is the study of Economics is the study of productionproduction, , distributiondistribution, , and and consumptionconsumption of of goodsgoods and and servicesservices

Production: Making the productsProduction: Making the products

Distribution: Giving out the productsDistribution: Giving out the products

Consumption: Using the productsConsumption: Using the products

Production, Distribution, Production, Distribution, or Consumption? or Consumption?

Production, Distribution, Production, Distribution, or Consumption? or Consumption?

Production, Distribution, Production, Distribution, or Consumption? or Consumption?

Capitalism:Capitalism: An economic system in which An economic system in which

entrepreneurs take a risk in business to make a profit. entrepreneurs take a risk in business to make a profit. Competition must exist. Competition must exist. Author: Adam SmithAuthor: Adam Smith

Wealth of NationsWealth of Nations Governments Role:Governments Role:

Should not interfere with the economy or businessesShould not interfere with the economy or businesses Basic IdeasBasic Ideas

Make money based upon businessesMake money based upon businesses Businesses should be owned by individuals Businesses should be owned by individuals Laissez faire - economic policy of letting owners of industry and business set Laissez faire - economic policy of letting owners of industry and business set

working conditions without interferenceworking conditions without interference

ExamplesExamples Ben & JerryBen & Jerry’’s ice cream shops ice cream shop Apple Apple Disneyland Disneyland

Utilitarianism Utilitarianism Author: Jeremy Bentham & John Stuart MillAuthor: Jeremy Bentham & John Stuart Mill Governments Role:Governments Role:

Government should promote the greatest good for the Government should promote the greatest good for the greatest # of peoplegreatest # of people

Basic IdeasBasic Ideas Everything should be judged upon the usefulnessEverything should be judged upon the usefulness Good = happinessGood = happiness Bad = pain Bad = pain

ExampleExample Dropping a nuclear bomb to end a warDropping a nuclear bomb to end a war Killing for self-defense Killing for self-defense

Video: Marx and Class Video: Marx and Class ConflictConflict

Proletariat:

Bourgeoisie:

Capitalist:

Class Consiousness:

What did Marx think about class conflict?

https://www.youtube.com/watch?v=W0GFSUu5UzA

Socialism: Socialism: An economic system in which the An economic system in which the

factors of production are owned by the public and factors of production are owned by the public and

operate for the welfare of all.operate for the welfare of all. Author: Charles Fourier & Saint-SimonAuthor: Charles Fourier & Saint-Simon Governments Role:Governments Role:

Control Control SOMESOME industry (factories), which would ensure equality industry (factories), which would ensure equality and get rid of povertyand get rid of poverty

Basic IdeasBasic Ideas Factories are owned by the people and run for the good of allFactories are owned by the people and run for the good of all Protect the poor from greedy factory ownersProtect the poor from greedy factory owners

ExamplesExamples Public schoolPublic school Soup kitchenSoup kitchen WelfareWelfare Yosemite national park Yosemite national park

CommunismCommunism: An economic system in : An economic system in

which the means of production is owned by the which the means of production is owned by the government. Private property does not exist. The goal is government. Private property does not exist. The goal is a classless society.a classless society. Author: Karl MarxAuthor: Karl Marx

Communist ManifestoCommunist Manifesto Governments Role:Governments Role:

At first At first ““dictatorship of the peopledictatorship of the people”” Fade away, people would share everythingFade away, people would share everything

Basic IdeasBasic Ideas Believed workers would take over & share work & profitsBelieved workers would take over & share work & profits Create a classless society Create a classless society Everyone would be equal Everyone would be equal All would be owned by the people & there would be no need for governmentAll would be owned by the people & there would be no need for government

ExamplesExamples Siblings in a familySiblings in a family

Marx or SmithMarx or Smith

Marx or SmithMarx or Smith

Brochure: 4 Brochure: 4 Economic SystemsEconomic Systems

Individual WorkIndividual Work

Step 1Step 1

Step 2Step 2

Step 3Step 3

RubricRubric

ClosingClosing

Summary Write Up: 4 Economic SystemsSummary Write Up: 4 Economic Systems