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?

Economic Systems & the Industrial Revolution

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 which economic 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 some

industries 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 private ownership

•Constant government intervention in the economy to promote equality▫Gov’t. holds all economic

decision 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

BrainpopCommunism

•Sketch•Label the

classes•Add speech

bubbles Karl Marx style

•Appropriate title

•Add color