First off I told the class about my two forum posts. They were long island house fire and the addiction to cell phones. Then we went over the map of Asia. Following that we talked about how the shut down was ended last night. A plan was passed last night between both the senate and the house. The debt ceiling was raised until February 7th. "Kicking the can down the road" is a quote that congress is using to describe what they did last night. So in other words this quote means that they are just postponing the problem until a later date. All of the people who were not able to work during shutdown were back paid for there time off. Economic Systems are capitalism, socialism, mixed economy. The political systems are anarchy, communism, monarchy, democracy, dictatorship. Below are my notes for tomorrow's quiz.
Economic Systems:
Capitalism- An economic system where people own their own businesses
Socialism- An economic system where the government controls businesses
They are a mixed economy.
Political Systems:
Anarchy- It is a lack of government
Dictatorship- Where one person is in control of everything that happens in the country
Democracy Direct- It is a government where majority rules
Democracy Representative- Where people elect representatives to make decisions for them
Monarchy Absolute- The King and/or Queen are in absolute power
Monarchy Constitutional- A government where the King and/or Queens power is limited by a constitution
Communism Practice- Is where the government is in control of absolutely every single thing that happens in the country
Communism Theory- Where the vast majority of a country do not agree with there leader so they revolt and it leads to a level playing field between the people and government
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