Economy and government
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Economy and government






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Economy and government Economy and government Presentation Transcript

  • Economy & Government 1
  • Learning Objectives • I can name and describe the different types of economic systems • I can compare and contrast different economic systems around the world. 2 79
  • • To more effectively live, humans have set up economic systems and governments.
  • • Economic Systems Theories of: a. production (making) b. distribution (shipping, buying & selling) c. consumption (using)
  • Production, distribution or consumption?
  • 1. Traditional Economy a. used by earlier civilizations and less developed countries b. subsistence living c. depend on customs, traditions, & inheritance to guide economic activities d. found among indigenous populations that largely depend on agriculture for their living information about both economies taken from
  • 2. Capitalism (a.k.a.Free Market system) (vo a. private ownership of property and/or businesses b. no gov’t regulation (rules) c. supply & demand c. encourages competition d. class system. Adam Smith
  • This company
  • • Class System is a part of capitalism • - Upper (elites) - Middle (bourgeoisie) - Lower/workers middle upper/elites
  • 3. Socialism – A theory advocating some gov’t control (regulation) of economic activity. It also relies on the redistribution of wealth.
  • 4. Communism– “higher stage” of socialism a. Total gov’t ownership of property and businesses b. Pro-worker (proletariat) c. Classless system (everyone is equal) d. Command Economy - What is the color of communism?
  • - The color of communism - red
  • Origin of Communism - Karl Marx (German philosopher) Published in 1848
  • • What type of economic system does the U.S. have?
  • • The U.S.A., technically, has a Mixed Economy capitalist (free market) economy with some government regulation (socialism).
  • • Where is the U.S. on the capitalist/communist continuum? What about Canada? to 10 Capitalism Communism Socialism 1 2 3 4 5 6 7 8 9 10 1
  • • Despite the technicalities, most people call our economic system . . . CAPITALISM!!!
  • • Does capitalism work?
  • For some . . . capitalism is great! #2 (richest in the world) Bill Gates – 61 billion Donald Trump – 2.9 billion #3 Warren Buffet – 44 billion Paris Hilton
  • Oprah Winfrey is worth 2.7 billion Who is the richest person in the world?
  • Carlos Slim (Mexico) - #1 richest person in the world @ 70 billion
  • Capitalism fosters greed
  • For others . . . not so much (hurts those who do not have $)
  • Again, what type of system does the U.S. have? Capitalism vs. Communism and/or Socialism . . . you be the judge. Republicans republicans
  • Occupy Wall Street movement (2011) which protested against greed, corruption, economic inequality, etc.
  • • Capitalists use propaganda to demonize communism and socialism. “Communism” and “Socialism” are considered dirty words to many people in the United States.
  • juxtaposition
  • Learning Objectives • I can name and describe the different types of government systems • I can compare and contrast different government systems 38 114
  • • Political Systems – a system of government; a form of rule over people. - What are some different forms of government?
  • 1. Democracy– Government by the people. Two types: a. Direct Democracy– Everyone participates and has a say in gov’t. Ex. Ancient Greece
  • b. Republic– Gov’t system in which the people elect leaders to represent them. a.k.a. representative democracy. Example: USA
  • • Difference between (direct) democracy and republic. Students will draw (Direct)
  • 2. Autocracy – government in which one person has unlimited power over others. - Two types: a. Totalitarian dictatorship All are infamous and, generally, narcissistic. Pol Pot - Cambodia Augusto Pinochet - Chile Bashar al-Assad - Syria Saddam Hussein - Iraq
  • Muammar Gaddafi - Libya Idi Amin - Uganda Rafael Trujillo – Dominican Republic The state/country is in control of everything Students-please draw this
  • Also comes with a ridiculous fashion sense.
  • • Regime– authoritarian/dictatorship and/or corrupt government
  • b. Monarchy– Government rule by king or queen. Two types:
  • 1. 1. Absolute Monarchy – all powerful Ex. Saudi Arabia King Abdullah
  • 2. Constitutional or Limited Monarchy – little or no power “I just came out to say, POWER TO THE PEOPLE.”
  • Constitutional Monarchy Ex. Canada, Jamaica, Belize & other Caribbean Islands. Blue-current Red-Formerxt British Commonwealth of Nations. Who is there monarch?
  • • Is Queen Elizabeth II, of the United Kingdom, an absolute monarch?
  • • NO!!! She is a constitutional or limited monarch.
  • 3. Oligarchy – Government rule by a group of people.
  • Example: Communist State (country) – single-party (communist) rule which professes allegiance to Marxist-Leninist communist ideology; led by a dictator; indoctrination. North Korea Karl Marx Vladimir Lenin Communism is thought of as both an economic system and a gov’t system.
  • - Current Communist States (countries) – Cuba, China, Laos, Vietnam & North Korea Eastern Hemisphere Western Hemisphere
  • • The United States will do everything in their power to stop the spread of communism . . . especially in the Western Hemisphere. Ex. Nicaragua 1980s
  • This was the fear of the U.S.-especially after Cuba was on their doorstep
  • • The U.S. anti-communist policy known as The Domino Theory
  • 4. Theocracy– gov’t rule by a religion. Ex.– Iran (Islam) Ayatollah (Supreme Leader) in Iran President Based on Sharia Law
  • Iranian fashion police
  • Women’s rights protest in Tehran, Iran. The theocratic gov’t took it very seriously. Showing hair is a form protest.
  • “Women should have the same rights as men.” Farsi/Persian
  • 5. Fascism– led by a dictator; emphasizes ancestry, culture and blood; emphasis of nation (nationalism) over the individual; indoctrination; forcibly suppresses any opposition. Examples: Germany, Italy & Spain in the 1930’s & ’40s Francisco Franco (Spain) Hitler and Mussolini (Italy) As mentioned before, dictators are, generally, infamous and very narcissistic.
  • 6. Plutocracy – the rule or control of a society by the wealthy.
  • 7. Anarchy– no government Nester Makhno (1918) – leader of the Anarchist Free Territory in Ukraine during the Russian Civil War. Mikhail Bakunin (Russian) Pierre-Joseph Proudhon (French) – father of modern Anarchism
  • What would life be like without gov’t? Think about it.
  • You would have to deal with people like this.
  • • What is the role of government?
  • - To serve and protect (we hope)
  • Learning Objective • I can explain how different countries are connected economically through trade, transportation, etc. 73 149
  • • We are all globally linked/connected together . . . how?
  • 1. Transportation a. Waterways b. Roads c. Air d. rail
  • 2. Economics
  • • - Currency (paper money) 1. Example: euro
  • - Distribution . . . Trade
  • • What percent (%) of trade travels by water?
  • - 90% - Top five trading partners (countries/states) with the U.S.? Long Beach, CA port
  • 1. Canada 2. China 3. Mexico 4. Japan 5. Germany - Examples of major trade networks.
  • Major trade networks - Oil
  • • Tariff – a tax on imports & exports . . . why tariffs?
  • • Tariffs protect locally made products.
  • 3. Communication a. Language 1. Internet 2. Telephones 3. Mail 4. T.V./Radio
  • Hemisphere & “World”?????
  • KIP
  • 4. Migration– movement from one place to another. Hemispheres? World migration since 1700