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Capitalism, Socialism, Communism
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Published on Nov 19, 2015
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1.
THE UNITED STATES OF AMERICA
The united states grew to become a succesful capitalist nation.
On July 4 the U.S became an independent nation.
2.
THE COMMUNIST MANIFESTO
Karl Marx published a book called the Communist Manifesto.
He wrote ideas about the evils of capitalism.
Karl and Friedrich Engels brought out the ideas of communism and
socialism
3.
ADAM SMITH
Adam Smith wrote a book called The Wealth of Nations.
He talked about the "invisible hand" that guides the economy
and promotes general welfare.
His other book called Laissez-faire Theory stated that government should have
a limited role in the society.
4.
CANADA
Canada was declared a sovereign state in 1867.
They later started to work on social characteristics like
free healthcare, high taxes, etc.
5.
SOCIALIST PARTY OF AMERICA
The socialist party was formed to institute social ideas
in 1901.
The were later disbanded in 2008
6.
LENIN
The soviet union became a one-party Communist country when
Lenin died in 1924.
They were in control of the country's political, economic, and social affairs.
7.
THE COLD WAR
The cold war started right after world war II between the
U.S and the USSR.
It was a war between communism and capitalism/democracy.
In the end, the U.S spread capitalism/democracy, and the USSR spread
communism.
8.
COMMUNIST CHINA
Mao Zedong led a revolution in China a institutes his version of
command economy, in 1949.
He then successfully turned China into a Communist state.
This made farmers more essential than workers.
9.
VENEZUELA
When Hugo Chávez gained power, Venezuela became a socialist nation.
He instituted extensive social programs, and the country still has
private ownership.
10.
OBAMACARE
Obamacare has traces of social idealism which is
found in socialist nations.
President Obama signed Obamacare in March 2010.
Jurnee Parker
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