Quickwrite
• What is Capitalism?
• How is it different
from Communism?
• Take out your
Industrial Revolution
Study Guide
• Do you have any
questions about the
test on Thursday.
Capitalism vs. Communism
• Capitalism is an
economic model
based on supply and
demand economics.
• Today a few students
will be purchasing the
best car drawings
from some of you.
• You have five minutes
to draw a car.
Research and Development
• Now you have three
more minutes to
improve your car and
try to compete again.
• Make any
improvements that
you want.
Communism
• Now draw another
car.
• “I” will pay each of
you the same amount
for your car drawing
regardless. You have
ten minutes.
Capitalism vs.
Communism Quickwrite
• Please make a TChart on a piece of
binder paper.
• Label one side
Capitalism, and label
the other
communism.
• Write down words or
terms under each that
describe the –ism.
Capitalism vs. Communism Debrief
• How did you feel
when the cars were
purchased?
• What improvements
did you make on your
second drawing?
• Which car was your
best? Why?
Communism vs. Capitalism- 2
• Read a resource about Communism vs.
Capitalism.
• List characteristics on your T-charts.
• Debrief the characteristics
• I have a propaganda video from the 50’s
to share before you leave.
Capitalism vs. Communism
• Supply and Demand
Economics
• Resources are owned by
a private owner.
• Individual freedom before
society.
• Earn their worth.
• Decentralized economic
system.
• Profits are owned by a
private owner.
• Stands for private
property.
• No difference between
rich and poor.
• Community owns
resources and means of
production.
• Government runs
economy.
• Abolishes private
property.
• Sharing is caring.
• Society before individual
freedom.
Capitalism vs. Communism
• Power is distributed among
individuals
• Decentralized
• Big businesses take over small
companies
• Stands for private property
• Makes economy money
oriented
• Individual freedom before
society
• Power and wealthy people
• Class distinction- rich get
richer poor get poorer
• Most profits go to producer
• Everybody shares in the
wealth
• More jobs
• Working harder doesn’t reward
as much
• Not a lot of money
• Wealth controlled by
government
• Society before self
• Decisions made by whole
community
• Never unemployed
• No class distinction, little race
issues
Capitalism V.S Communism
• Bigger Businesses take
over little businesses
• More Chances of a raised
income
• Its every man for itself
• Individual freedom before
society
• Makes an economy
money oriented
• Too much wealth and
powers in the hands of
few people
• The land is owned by the
government
• Everyone is equal
• Decisions based on the
good of everyone
• All have the same chance
• Society before self
• No unjust rules favoring a
few
Capitalism vs. Communism 3
• Individually distributive
economic system
• Business owners call the
shots for decision making
• Divides society into rich
and poor
• The private ownership of
land and production
• Hard work is rewarded
• There is competition
•
•
•
•
No unjust rules
Profit is shared equally
Government regulates
Society or gov.
determines prices
• Society before self
• More equality