Slide 1

It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change. 1.Do you agree? Why or why not? 2.How can we apply this to our lives and to our world today?

Slide 2

What is Evolution?

Slide 3

Charles Darwin Origin of the Species Animals will adapt to their environment through a process called Natural Selection The strongest and most adaptable will survive and pass on their superior characteristics to the next generation. Also called Survival of the Fittest

Slide 4

Before Darwin Mans view of nature was romanticized

Slide 5

After Darwin Nature is a bloody struggle for survival where the weak are eaten by the strong!

Slide 6

Then what is Social Darwinism?

Slide 7

The theory of natural selection applied to society to explain that some will succeed and others will fall behind. There will be rich and poor, and only some people will naturally rise to the top. This is capitalism!

Slide 8

Work with a partner: You are the president of a multi-million dollar corporation. You have just finished the accounting for the year and you have a profit of $100 million. What should be done with the extra money?

Slide 9

Choices: 1.Increase the value of the stocks this will increase the wealth of the investor/you! 2.Improve the working conditions for the worker. (Safety, update machinery, etc.) 3.Raise the salaries of the workers. 4.Expand production by building a new factory = more profit!

Slide 10

Adam Smith Capitalism (Free Enterprise) Believed in 3 things: Laissez Faire Law of Supply and Demand Competition

Slide 11

Laissez-faire: Government should leave the economy alone No regulations No protection for workers No control of prices No control of wages The guide for the economy is self-interest (one might call it greed). Self-interest will ultimately make it better for everyone. The economy will be guided by an Invisible Hand (market forces).

Slide 12

Law of Supply and Demand Supply: the amount of items at a given price available for sell. Demand: the number of items at a given price that consumers wish to purchase. Law of Supply & Demand: an economic model of price determination in a market.

Slide 13

Law of Competition Competition is good. Competition keeps prices low. If you cannot produce an item that is competitive in the market, you will go out of business. If you go out of business your resources will be put to use in a more productive way and you will find another place in market.

Slide 14

Think cell phones

Slide 15

The Rise of Communism

Slide 16

The ideas of socialism and communism were born of the Industrial Revolution and the plight of the workers. Socialism: Emphasized cooperation over competition. The government controls, or regulates the economy. Communism: Government control of ALL property capable of creating wealth. Classless society; Command Economy.

Slide 17

Karl Marx believed there were 2 types of people: Bourgeoisie: owners of the means of production (wealthy) Proletariat: industrial workers (poor) He believed that the Proletariat had to revolt and take over the govt to create needed changes.

Slide 18

Slide 19

Command Economy The opposite of capitalism! Govt controls all production and decides what will be produced.

Slide 20

COMMAND ECONOMY

Slide 21

If you were a worker during the Industrial Revolution, would communism appeal to you? Why or why not?

Slide 22

Karl Marx or Adam Smith? Communism or Capitalism?

Slide 23

Social Classes One must oppress the other; so force must be used to create a classless society. Natural part of an economic system.

Slide 24

Private Property Use what you own to create wealth. Must be controlled by a central government.

Slide 25

Competition Is good because it creates products at low prices and forces best use of resources Is bad because everyone must work together to benefit the whole.

Slide 26

Supply and Demand The government must control resources and provide only the products that society needs Let the market decide how resources are to be used and what products will be made

Slide 27

Factors of Production Should be owned and controlled by a central administration Should be privately owned and used as the owner sees fit

Slide 28

Free Markets Will allow the economy to function efficiently and without outside forces Will allow the bourgeoisie to exploit the workers.

Slide 29

Religion As long as it does not interfere with the economy, who cares? Serves only to pacify the worker so that they are more easily exploited by the bourgeoisie

Slide 30

Trade Trade must be controlled for the benefit of classless society Trade is good! The more you trade, the better you are