Capitalism is a socio-economic theory in which factors of production are controlled by private businesses and individuals. Success and wealth is based of personal merit and skill. This institution contradicts the communal aspects of socialism and communism.
Slidkalniņš: 2
SOCIALISM
GOVT FOOD
The government controls ALL production for us!
GOVT CLOTHES
Socialism is a socio-economic theory in which the government controls all factors of production, as well as wealth. Citizens are considered equal, despite occupation and skill. This theory contradicts the privatized institution of capitalism.
Slidkalniņš: 3
THE 'IRON CURTAIN'
DEMOCRATIC INFLUENCE
SOVIET INFLUENCE
The 'Iron Curtain' is a term coined by British Prime Minister Winston Churchill. It refers to the socialist nation-states surrounding Soviet Russia. The term 'Iron Curtain' refers to the geographical 'barrier' of communist nations centered around Soviet Russia.
Slidkalniņš: 4
TRUMAN DOCTRINE
The Truman Doctrine was the doctrine of United States President Harry S. Truman. In it, Truman laid out specific principles of containing, or not allowing the spread of, communist and socialist ideals. To the U.S., socialism threatened its capitalist institutions.
Slidkalniņš: 5
COMMUNISM
We the workers control our life!
Communism is the final stage of socialism. In a communist society, the proletariat, or working class, controls the government, factors of production, and everyone is grounded on an even playing field, economically and socially.
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