Transcript Challenging the Capitalist Order

Challenging the
Capitalist Order
Bela Ronald
And
Micah Langerquist
Definitions
• Socialism: a political and economic theory of social
organization that advocates that the means of production,
distribution, and exchange should be owned or regulated by
the community as a whole.
• Progressivism: the political orientation of those who favor
progress toward better conditions in government and society.
• Capitalism: an economic and political system in which a
country's trade and industry are controlled by private owners
for profit, rather than by the state.
The Economy in the 1920s
• Businesses were run my individuals (Capitalism).
• Cheap labor
1929 market crash
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Individuals put their money in the bank
Bank uses the money in the bank to invest
Bank gives out too many loans
People can’t pay back their loans
Individuals lose their money.
Visual Explanation
Bank investment
money
Individual’s
money
2008 market crash
• The line was taken away banks said, “1929 wont ever happen
again”
• In the early 2000s the market was good
• By 2008 things got messy
• Market crashed
Context
• For those of you who didn’t piece it together 1929 was the
year the Great Depression started.
• The socialists asking for government to take charge
• Capitalist saying no that will not do
• Everyone wants progress/improvement, so progressivism
Affordable Care Act
• The best example to show the conflict between socialism and
capitalism.
• We’re talking Obama care right now
• Equal opportunity for health insurance for everyone
(socialism)
• Except insurance companies are like, “but wait a moment we
wont profit as much from this!” (Capitalism)
The End