Today we reviewed the map. Next we talked about the government opening. They raised the debt ceiling to "Kick the Can" till January 15th. February 7th is when we will hit the debt ceiling again.
Socialism is when the government controls the economy. Capitalism is when people control the economy.
Anarchy- no government. Dictatorship- one person runs the government with force. What he says goes. Absolute Monarchy- King or Queen have total control. Constitutional Monarchy- King and Queen have constitution guidelines. Representative Democracy- people elect representatives to make laws. Direct Democracy- The people vote and have control. Communism Practice-Government controls everything. Communism Theory-Carl Marx had a theory that to make everyone equal they rise up and overthrow the rich and the government to make everyone equal. We will take a quiz on this tomorrow.
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