First we went over the Asian Subcontinent and Far East maps. The current events today were the government reopened. They bumped the debt ceiling up again. They are fixing things in January though. We are going to have a quiz tomorrow.
Economic Systems
Capitalism - where people own and control businesses
Socialism - where the government controls businesses
Political System
Anarchy - lack of government
Communism - practice - the government has control of everything; theory - where the people decide to over throw the leaders and create an equal society
Monarchy - absolute - king has complete power; constitutional - where this is a king or queen but their power is limited by a constitution
Democracy - direct - everyone votes and majority rules; representative - people elect representatives to make laws for them
Dictatorship - person or single government that controls the country
Key Terms
Coup D'etat
Archipelago
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