Do Now: Answer the questions

1
Do Now Answer the questions

• Would you prefer to own a business that you are
  solely responsible for or work for a large
  corporation where you have very little
  responsibility?
• Do you prefer to take big risks or do prefer to
  avoid risks?
• Would you rather work really hard and make lots
  of money or hardly work and make little money?

2
Communism and Capitalism

• Why they can never be friends

3
Capitalism

• an economic system in which investment in and
  ownership of the means of production,
  distribution, and exchange of wealth is made and
  maintained chiefly by private individuals or
  corporations.

4
Benefits of capitalism

• High productivity amplitude of wealth
• Opportunities opened to the world and individual
• Large amounts of freedom

5
Limitations

• Uneven distribution of wealth
• Competition breeds conflict and struggle
• unpredictable

6
Examples and famous capitalists

• Countries
• United States and England
• Germany and Japan (After WW II)
• People
• Thomas Jefferson, Andrew Carnegie, Henry Ford,
  Bill Gates

7
Communism

• a theory or system of social organization based
  on the holding of all property in common, actual
  ownership being ascribed to the community as a
  whole or to the state

8
Benefits of Communism

• Elimination of class privilege, economic
  exploitation, and military exploitation
• Establish a planned economy according to
  scientific reasoning
• Aims to give everyone a minimum livelihood
  designed to benefit everyone

9
Limitations

• Limited incentive to produce
• Lack of competition breeds weakness
• Acceptance of the minimum

10
Examples and famous communists

• Countries
• USSR (Soviet Union), Cuba, China, and Vietnam
• People
• Karl Marx, Vladimir Lenin, Joseph Stalin, Fidel
  Castro and Mao Zedong

11
DO NOW Identify the following
12
US has issues with the USSR (communists) after WW
II

• Yalta Conference Soviet Promises
• Meeting in Feb. 1945 where Allied Leaders met to
  discuss the future of Europe after WW II
  Roosevelt, Stalin, and Churchill
• Stalin tough and clever bargainer at first
  demanded Poland be under communist control and
  argues USSR suffered most during war and deserved
  half of German reparations
• Stalin promises to declare war against Japan
  after beating Nazis and promises to join United
  Nations (UN)
• Also promises not to interfere in countries along
  Russian Border and to let Poland have free
  elections

13
After the Atomic Bomb

• Control of Atom
• The UN proposed a world agency to control Nuclear
  energy which had the right to inspect all atomic
  plants anywhere
• Russian refused and vetoed plan because they
  wanted to expand their nuclear capability (hoping
  to match US power)

14
Democracy in Poland? Not

• Forced Communism
• Even though Stalin had promised free elections at
  Yalta, he instead forced a communist government
  on the Poles
• The USSRs military still occupied polish
  territory

15
Baltic States and Eastern European States

• Soviets retained hold on Latvia, Lithuania and
  Estonia
• Supported communist forces in Hungary, Bulgaria
  and Romania
• Russias goal was to keep friendly states all
  along its borders satellite states that were
  communist and would act as a buffer from the
  capitalist/western world

16
Case Study Turkey and Greece

• TURKEY
• Soviets pressuring Turkey to give them military
  bases and control of the straits leading from
  Black Sea to the Mediterranean so the Russian
  Navy could move more freely
• US Secretary of State Marshall devised plan of
  military and economic aid 100 million for Turkey
  and civilian and military overseers to train
  their people

• GREECE
• Civil war erupted in Greece in 1946 and
  surrounding communist governments supported
  insurgents fighting govt
• The fear was a communist take over in Greece
  would infect Asia, Africa and Europe
• Great Britain had been sending Greece money and
  troops, but could no longer afford it.
• US Secretary of State Marshall sent military and
  economic aid 300 million for Greece

17
Americas Response to spread of communism -
Containment

• Created by George Kennan (American diplomat in
  USSR) who believed communist wanted to take over
  world and warned that Russia must be contained
  within its present borders
• Containment leads US to support Greece and Turkey
  against communists and the motivation behind
  Truman Doctrine (foreign policy developed by
  Truman)

Communism