Announcements: 1: Adam Smith/Free Enterprise You need: 1: A Bell Ringer: February 10(14), 2017 1. Get out your notes over free enterprise and Adam Smith. 2. On those notes, write a summary of what we learned in the space at the bottom include details about free enterprise, Adam Smith, his book, laissez-faire, and how the invisible hand works.
Housekeeping: Pass back papers
Announcements/Materials Announcements Test on WEDNESDAY AND FRIDAY! Materials Spiral/paper
Announcements: 1: Adam Smith/Free Enterprise You need: 1: A Bell Ringer: February 10(14), 2017 1. Get out your notes over free enterprise and Adam Smith. 2. On those notes, write a summary of what we learned in the space at the bottom include details about free enterprise, Adam Smith, his book, laissez-faire, and how the invisible hand works.
Lesson Objective Explain how the Industrial Revolution led to political, economic, and social changes in Europe 1. What are we learning? Rewrite the LO into a question. How would How will How might Why would Why will Why might
Lesson Objective 2. Why is it important/making a connection? What is the next big thing you want to buy for yourself? How are you going to get it? New ideas about the economy were developed during the Industrial Revolution. Capitalism, socialism, and communism were all new economic ideas. Ex:
Word Wall Vocabulary: Capitalism: the same as free enterprise all products are owned by private individuals Socialism: the idea that the government should own some basic industries (like schools and health care) and private citizens should own the rest Communism: the capitalists mistreat the workers and the workers will ultimately rise against them. The classless society that remains is communism Bourgeois: similar but different from the French term, refers to capitalists or rich people Proletariat: working class
What is the Industrial Revolution? The Industrial Revolution is a major shift in world history. Before the Industrial Revolution, most people worked in agriculture (farming) and lived in the country. During and after the Industrial Revolution, most people worked in manufacturing (factories) and lived in the city.
What is Capitalism? Adam Smith founder of free enterprise Free enterprise = capitalism What is free enterprise? The ability of people to decide what to buy, where to work, and what to make. People can own their own businesses, factories, and homes.
What is Socialism? Political movement in response to the injustices of industry and the exploitation of workers no one founder Socialists believed that workers could improve their own conditions by political action Socialism became an economic system when socialists began arguing that the government should own basic industries and also provide essential services, like free schooling, housing, and a national health program What services do you think the government should provide?
What is Communism? Karl Marx founder Believed that workers created value through their labor Business owners used their power to take advantage of workers Capitalist only pays the workers the minimum they need to survive and the rest they kept for themselves
What is Communism? Over time, capitalists (bourgeois)* get richer and richer Conditions for the workers (proletariat) would become so bad that they would rise up and violently overthrow the capitalists After the revolution, Marx predicted workers would establish an equal society communism In pure communism, everything was owned in common No private property No social classes Do you think communism will work? Why or why not?
Rock, Paper, Scissors Get out a blank sheet of paper (one per row) Fold it and carefully tear it into ten pieces You have one minute
Rock, Paper, Scissors One piece of paper is the minimum you need to survive Any paper after that is extra Capitalism: One minute round Socialism: One minute round Communism: One minute round
Rock, Paper, Scissors In your notes, answer the following questions: What happened during the first round, when some people had more candy than others? Who usually ended up winning? Why were you upset in the last round? Devil s Advocate: Communism (1), Socialism (2), Capitalism (3) is the best economic system. Explain why. Find a person who is not sitting in your row and read your responses to them. Discuss your disagreements.
Re-Learning Opportunity: Regular What is capitalism? What is socialism? What is communism? If you can answer these questions, you may move on to independent practice. If you cannot answer these questions, you will complete the re-learning activity.
Independent Practice BLANK SHEET Get the copy of the AVID Journal paper This is a class set, do not write on it Follow the instructions on a blank sheet of NOTEBOOK PAPER Read through the Food Stamp story. With a partner, discuss the following: How might the circumstances of families who use food stamps change in each economic system? Be ready to share with a partner! Re-Learners: Pick up a copy of Capitalism, Socialism, and Communism. Using Chapter 25, Section 4, complete the worksheet.