Capitalism / Communism

In a "pure" communist society, who are the wealthiest and most powerful people?

• Intellectuals

• Business leaders

• Military leaders

• No One--every member of society is supposed to be equal

Answer explanation

Did you get fooled by the picture?? Everyone is EQUAL in pure communism

Economic decisions are made by the government

• Capitalism

• Communism

Answer explanation

A communist economy is known as a command economy. All economic decisions are made by the government

The government sets the price of goods and determines wages for workers

• Communism

• Capitalism

Answer explanation

In a command economy, ALL economic decisions are made by the government

The economy is based on the idea of competition (supply and demand) producing the best products

• Communism

• Capitalism

Answer explanation

Capitalism encourages many different businesses to compete with each other. The reward is PROFIT

What societal problem did Karl Marx attempt to address in his manifesto? Choose the best answer.

• The exploitation of the poor by the rich

• The low quality of good produced at large factories.

• Unfair laws that allow poor people to be sent to prison

• The fact that the average person had no rights

Answer explanation

Karl Marx was concerned about inequality and exploitation. He believed the workers would RISE UP and crush the bourgeoise

An economic system in which a country's industry is controlled by private owners for profit.

• communism

• socialism

• fascism

• capitalism

Answer explanation

In capitalism, the goal is PROFIT. The government is supposed to stay out of the economy and let businesses compete

The location of the first ever communist revolution (1917)

Match the following Communists with their countries

b

c

d

e

a

Leader of Cuba

1st Leader of Soviet Union

Leader of China

Leader of Cambodia

2nd Leader of Soviet Union

Put the following events in order

• Marx writes Communist Manifesto

• The Industrial Revolution begins

• Stalin comes to power

• Russian Communist Revolution

• The Agricultural Revolution

Which of the following best describes Josef Stalin's rule in the Soviet Union?

• He was a fascist leader who created strong economic growth

• He ran a totalitarian society which industrialized but killed millions

• Josef Stalin transformed the economy by including some capitalism

• Stalin killed millions of people and did not accomplish anything in the process

Answer explanation

Stalin was a success in that he modernized the Soviet Union and led them to victory in WWII. HOWEVER he was a brutal leader who led to the deaths of millions with his policies