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Economics
study of how people make decisions where wants are unlimited but recourses are limited, choices and decisions making
Economic system
system that answers the question of production, distribution, and consumption of goods and service
3 main parts of economic system
  1. What is produced
    2. how is it produced
    3. how its distributed + who gets it
Traditional Goverment
tradition and custom govern economic decisions, usually centered around one group/family
what goverment type would a monary be
traditiona;l
command
government make all economic decisions, no competition
what type of govt would USSR be
Command
Market
economic Deisons made by individuals competing to earn profits based on supply and demand
what type of govt is the US
Market
mixed
Combines market and command, governments and individual share economic desion making
what is an exampke of a mixed govt
germany
economic goals
freedom, effciency, equity, security, stability
freedom
individuals can make their own economic decisions
effciency
no waste, everyone gets what they want
equity
equal distribution of wealth, not equality though
security
providing necessity for poor
Stability
consistently available for public
what type of society was russia pre ww1
Agricultural society with lots of peasants, industrilization still new
goverment before russia revolution
Czar Nicholas II rule Russia with absolute power
what happened to cities before ww1
major cities grew from indusrilization, but left citizens in poor condition
What was bloody sunday
protest from Lack of pay and food caused unarmed strickes, killed protestors by Czar’s troops
how was russia during ww1
Support serbia
allies side
Russian Faliure
March Revolution
Duma creates provisional govt. czar abdicates throne
Who was in charge after march revolutions
Kerensky
what did keresky do in sharge
Brings liberal rights
Keeps russia in ww1
Faliure and becomes unpopular
November revolution
Vladmir Lein and bolsheviks overthrow provisional govt (pg)
who led the provisional goverment
bourgeois capitalist class
Lenin
takes over petrograd, becomes dictator of 1st communist nation
Civil war
Red vs White (comm. vs non)
how was the red fighting style
Red very disciplined due to trotsky
how was white fighting style
white disorganized no goals
communism
Central govt. has banks & industry
secret police “Cheka”
what was lenin’s slogan
Peace, Land, Bread”
no ww1, people get to work and own things and counrty expands, food
july 1917
royal family killed
new economic policy
modifyed capitalism, heavy industry reamined under goverment control
1923
creation of USSR
1924
Lenin dies, Trotsky voted out
Stalin takes power
5 year plan
Stalin’s plan for ocial, economic, and political revolution and , no more private propertytransforms soviet union from agricultural to industrial
great purge
sent political opponent to labor camps, held “trials” and executed millions
what did western states think about eastern states
eastern states should determine own govt.
what did western states thinking new eastern states should determine own govt. do to stalin
stalin fears thiss’ll cause antisoviet feelings
fears will lose control of satillite nations
1945
UN forms
Truman Doctrin
US help any country threatened by comunism
Marshall plan
Recovery plan for europe
SU and eastern states they refused
US, Britian, France unifed zones in Germany
very industrilized an rebuilt to be strong and stable
How did stalin respond to US, Britian, France unifing zones in Germany
Stalin opposes and blockades west berlin
Berlin Airlift
West Berlin has no help from others
bring supplies to berlin
Tensions between US and USSR
soviet expansion
Mutlied assured destruction (cuba)
Arms race
Space race
Proxy wars
Yalta confrence
Post war plan to divide germany and rebuild europe, get soviet union to join war against Japan, in return they get land
Postdam confrense
Actual action of dividing germay, and post war trieals and reperations
Chinese revolution
civil war between communist and nationalists
who was mao
father of communist china, leader of communists, basically stalin
great leap forward
idea that they could increase industrilization w/o capitalism, paid ussr w/ grain = poverty
cultural revolution
attempt to fire up masses, empowered children to rebel, support mao, go back to old glory days
4 olds
culture, habit, ideas, customs
who made up red guard
youth
Berlin wall
seperation of east and west germany
overthrow guatmalan govt
US intervein put carlos castillo in charge then assinate him
overthrow chile govt
US opposed leader and killed him
Prauge spring
attempted liberation from SU, more citzen rights, soviet won
Hungarian rev
protest to move away from stalinist govt, created new democratic govt
redd terror in ethiopia
mengistu haile mairam killed all political opponents, got support from communist nations, eventually SU recinded support, so they fell
mossadegh
prime min mossadge wanted to nationalize oil for Iran, US and britian didn’t like that so they overthrew him
Korean war
Comm vs not, ended up staying split
Tianamen squar
protestor died, so they came to mourn/protest, killed protestors
soviet invation of afghanistan
(soviet) marxist vs Islamists (US), soviet heavy loss
Vietnam war
rying to be communist US tried to stop, failed
What happens to leader after stalin death
w/o successor framwork, so collective govt.
Krushcev takeds power)
destalinization
back to consumer goods and agriculture
more millitary spending
Decolonization
process of ending colonial rule and estabilishing new govt
neocolonialism
using political, social, or economic control to influence former dependnt nations
civil disobedience
nonviolent protest
aparthered
nonviolent protest
causes of decolonization
colonialism
end of WW2
cold war
nationalism
need for self rule
effects of colonialism
politcal + economic instability
neocolonialm
50+ countries get indepence
greater focus on human rights
kenya and ghama
some non violent protdst, some terroism protests (Mao Mao)
egypt
Gamal Abdel Nassar wanted to nationalize suez cannal
Congo
Unstable country, couldnt run w/o belgium
Isreal and Palestine
Arab vs Jewish
Zionist movement
wanted jewsih homeland
created 2 countries