righteousness over personal gain but once the Chinese Communist Party took power in 1949 that message changed the value system. The new message was self-sacrifice for collective interests. The value system further deteriorated when the capitalist‚ Deng Xiaoping‚ took over the CCP and encouraged materialistic approach to economic development. This caused the affluent members of society in urban areas to become richer while poor farmers in rural areas remained poor. Business people from the city would go
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QUESTION 1 What are the THREE (3) basic economic questions that all economies must answer? Describe the differences in the way capitalism and socialism answer these questions. Scarcity‚ Choices‚ Opportunity Costs We live in a finite world. No matter how seemingly bountiful the quantity of our natural resources may be or how carefully human try to conserve them‚ if we keep using them‚ they eventually are going to run out. Our tastes for goods and services are virtually limitless and this creates
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Mao Zedong cultural revolution era In 1966‚ China’s Communist leader Mao Zedong launched what became known as the Cultural Revolution in order to reassert his authority over the Chinese government. Believing that current Communist leaders were taking the party‚ and China itself‚ in the wrong direction‚ Mao called on the nation’s youth to purge the “impure” elements of Chinese society and revive the revolutionary spirit that had led to victory in the civil war 20 decades earlier and the formation
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notable forms of economic liberalization was a grassroots movement instigated by peasants in rural China. These peasants took the initiative to remove their land from commune control and began to farm it independently. China’s reformist leader Deng Xiaoping institutionalized the agricultural movement after he learned that it increased agricultural production. This agriculture reform allowed individual
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Question 1 When classifying revolutionary movements of the 20th century it is often customary to try and label the conflict either Left Wing or Right Wing. However‚ in the cases of Sun Yat-sen and Mao Zedong‚ neither Left nor Right Wing seems an appropriate label for what their revolutions contained for China. The difference between democratic and anti-democratic is more fitting for the two Chinese revolutionaries. Both Sun and Mao advocated different methods of development to achieve the
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and the period of Maoism ended. Mao was the leader of China‚ who‚ according to Deng Xiaoping‚ was “seven parts right and three parts wrong”. Mao introduced several policies that sent China’s economy down the drain‚ and Deng Xiaoping was the man who finally replaced him. He became the Paramount Leader (a term used to describe the political leader of China) of China and the Chairman of the Central Military Commission. Deng was the most powerful man in the country. He put in place several reforms that
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Democratic Movement in China: 1980s Introduction Democracy movement in China has started since early 20th century. Dr. Sun Yat-Seng was considered the pioneer of democracy movement in China. As the founder of the Nationalist Party (or Kuomintang)‚ he led the first democratic revolution in Chinese history‚ which overthrew the Qing Dynasty and the final Chinese emperor‚ establishing the original Republic of China (ROC). However‚ the democratic revolution that Sun strove for ultimately did not succeed
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reformists within the Communist Party of China that led by Deng Xiaoping. The socialist market economy is the economic model employed by the People’s Republic of China. It is a based on state owned enterprise and an open market economy.‚ has its origins in Deng xiaoping’s ideological concept socialism with Chinese characteristics . After the Great Leap Forward (1958–1961) and the ousting of the Gang of Four from power‚ Chairman Deng Xiaoping was willing to consider market-based methods of economic
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reactions were justified by two core reasons; one passionate and one pragmatic. The first was a matter of revenge; Deng Xiaoping wished to punish the protestors after two months of rebellion. Pragmatically‚ Deng and the C.C.P.‚ in their quest for total control‚ realised they had to crush their enemies and deter future threats and their reactions reflected this mentality. Deng Xiaoping and the C.C.P. acted in part in vengeance for the actions of the protestors in the months leading up to the massacre
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Why China Is The Next Superpower Clayton Kimberley Sam Mahboob March 13thh‚ 2013 Kimberley 1 China’s importance in the world is profound‚ and steadily growing. Its position as a world power is well asserted‚ and already has many trademarks of a superpower. China’s position as a future superpower is an important topic to examine due to China’s vital position in the global economy‚ and is a worthy contender for economic relations and military alliances of other world powers‚ and it is a nation
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