Command Economies Controlled Economies Three Economic Questions What

Command Economies Controlled Economies

Three Economic Questions What are they? ? 1) What are we going to make? 2) How are we going to make it? 3) Who are we going to make it for? Who answers these questions in a command economy? Answered by the central government Centrally planned economies

Socialism Is a social and political philosophy based on the belief that democratic means should be used to distribute wealth evenly through the society Generally democratic societies Insist on political equality Insist on economic equality Real equality can only happen when both of these are together Still need lots of central planning

Communism Is characterized by a centrally planned economy with all economic and political power resting in the hands of the C. G. Only works after a violent revolution Authoritarian governments What does this entail? ▪ Strict obedience from citizens ▪ No individual freedom of judgment or action

Remember the Cow Examples

Problems Poor equality Serious shortages of non-priority goods and services Diminishing production

How does this cartoon embody the fundamental ideas of Communism? Use examples from your notes to determine this. Write a short response to the question I have given you. And also write down any questions the cartoon may have caused you to ask yourself.

What are the authors intentions for creating this cartoon? Explain in a short paragraph what this cartoon depicts about socialism and how it is viewed by this author. Do you view socialism in this light also? Why or why not?

The Soviet Union Change from Command to Market? How did it go? What were the problems? What were the successes? Who is suffering now? Who is thriving?

Arose from Russian revolutions C. G. introduced 1920’s Soviet Industry in 1917 Heavy industry, defense industry, & space program