We began the class by looking over the European test a couple times. Next we talked current events. We are still on the government. The White House signals possible rising of the debt ceiling. We talked about seal team 6 and how they went after Al-Shabab who is a terrorist group in Somalia. the class watched a video on this event. The rest of the class we presented and went over our presentations.
Socialism: the government controlling how the money is going around
Socialist countries : china, Cuba, Vietnam, India, and North Korea
Started near the end of the French War
Capitalism: political and economical system that has the countries trade and industry which is controlled by private owners for profit, rather than by the state
more than 80% of the world's countries are capitalists
capitalist countries: US, Canada, Germany, Italy, and France
Netherlands are considered to be the first capitalist country
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