turned to Communism to answer the problems that Capitalism seem unable to solve. Although the Great Depression affected each class negatively‚ the middle/lower class seemed to be hit the hardest because of stock market crash combined with the dust bowl movement. At the time of the Great Depression‚ creating an equal class really sounded like a good idea because of its sympathy towards the working class rather than business owners. The appeal of Communism was protect
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Natural Capitalism by Amory Lovins (www.natcap.org) Capital - It’s the accumulated wealth in the form of investments‚ factories‚ and equipment. An economy requires four types of capitalism to function: 1. Human capital – labour & intelligence‚ culture and organization 2. Financial capital – cash investments‚ and monetary instruments 3. Manufactured capital – infrastructure‚ machines‚ tools and factories 4. Natural capital – resources‚ living systems & ecosystem services
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Economics Unit 2 Paper 2 June 2014 Cape Exam N.L. 1) a) Intermediate goods- goods and services purchased for resale or further processing or manufacturing. b) I) GDP only includes the market value of final goods‚ not intermediate goods because the value of final goods already includes the value of all intermediate goods used in producing them. (Including the value of intermediate goods would amount to multiple counting‚ and that would distort the value of GDP) II)
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Introduction Capitalism‚ economic system in which private individuals and business firms carry out production and exchange of goods and services through complex transactions that involve prices and markets. Although it has its origins in antiquity‚ the development of capitalism is a European phenomenon‚ evolved in different stages‚ to be considered established in the second half of the nineteenth century. From Europe‚ specifically from England‚ the capitalist system was extended to the whole world
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PLATO’S THEORY OF COMMUNISM Plato was born in may/june 428/27 BC in Athens in an aristocratic family . Plato’s real name was Aristocles.He excelled in the study of music ‚ mathematics ‚poetry and rhetoric . Plato met with Socrates in 407 BC and became his desciple . The execution of Socrates proved to be the turning point of Plato’s life . Plato left Athens and went to many countries ‚ studying mathematics and the historical traditions of the priests . He returned to Athens in 386 BC and established
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separation of the churches and governments did not happen everywhere‚ the writing of theologians is no exception. Communism and capitalism were on the rise. Karl Marx and John Locke were very influential writers during this time and thanks to them we start to see the governments‚ churches and societies we know today. Karl Marx played a major role in capitalism as we know it. He presented capitalism in a way that was beneficial for everyone including the states. He also encourage human rights and democracy
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. Fascism and Communism are two different forms of government that were very similar. Fascism is a 20th century form of nationalistic‚ militaristic‚ totalitarian dictatorship that seeks to create a feasible society through strict regimentation of national and individual lives. Communism is type of government in which there is no private property and the government controls the entire economy. Communism tries to satisfy the basic needs of society by sharing work and benefits. Both theories were dictatorships
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War started as result of World War II‚ the United States and the Soviet Union had some differences on their perspectives of the world. United States being the richest country in the world promoted democracy and capitalism in the world. The newly formed Soviet Union thought that communism was a better political system because it transformed their economy and status in the world from nothing but a declining empire to a super power once again. The Cold War was a long series of events in which the communist
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is that good people don’t need a Savior. Likewise‚ the examples of human atrocities‚ communism and outright greed show
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failure of Communism in Eastern Europe The Failure of Communism in Eastern Europe Communism in the Eastern Europe was a result of various factors. Communism is based on the ideas and teachings of Karl Marx as modified by Lenin. At its most basic‚ the ideal of communism is a system in which everyone is seen as equal and wealth is distributed equally among the people. There is no private ownership and the state owns and controls all enterprises and property. The Soviet model of communism was based
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