Expansion of Capitalism Development of Socialism and Communism in Response to Capitalism Essential Understandings Essential Essential Knowledge Questions Capitalism and market competition What was the role of Capitalism fueled the Industrial Revolution. capitalism and market Adam Wealth of Nations Wealth increased the standard of competition in the Role of market competition and entrepreneurial living for some. Industrial Revolution? abilities Impact on standard of living and the growth of the Social dislocations associated with What were some theories middle class capitalism produced a range of opposed to capitalism? Dissatisfaction with poor working conditions and the economic and political ideas, unequal distribution of wealth in society including socialism and Socialism and communism communism. Karl Marx’s (written with Communist Manifesto Friedrich Engels) and Das Capital Response to the injustices of capitalism Importance of redistribution of wealth to the communists
Expansion of Capitalism Development of Socialism and Communism in Response to Capitalism Essential Understandings Essential Questions Essential Knowledge Capitalism and market competition fueled the Industrial Revolution. Wealth increased the standard of living for some. Social dislocations associated with capitalism produced a range of economic and political ideas, including socialism and communism. What was the role of capitalism and market competition in the Industrial Revolution? What were some theories opposed to capitalism? Capitalism Adam Wealth of Nations Role of market competition and entrepreneurial abilities Impact on standard of living and the growth of the middle class Dissatisfaction with poor working conditions and the unequal distribution of wealth in society Socialism and communism Karl Marx’s Communist Manifesto (written with Friedrich Engels) and Das Capital Response to the injustices of capitalism Importance of redistribution of wealth to the communists
World%20History%20II%20SOL%20Notes%20in%20Tables.docx